Brick Retail
New
For Sale
$609,900
206 S River Avenue, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size2,075 SF
Lot Size0.05 Acres
Price / SF$293.93
Days on Market2
Property Features for 206 S River Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Interior features
Broadband
Elementary school district
Holland
Middle school district
Holland
High school district
Holland
Standard status
Active
APN
70-16-29-326-015
Size
2,075 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 5 FT OF LOT 1 & N 19 FT OF LOT 18 & E 5 FT OF N 19 FT OF LOT 17 BLK 38 ORIGINAL PLAT CITY OF HOLLAND SEC 29 T5N R15W
Tax Annual Amount
9150
Legal Description
S 5 FT OF LOT 1 & N 19 FT OF LOT 18 & E 5 FT OF N 19 FT OF LOT 17 BLK 38 ORIGINAL PLAT CITY OF HOLLAND SEC 29 T5N R15W
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1991
Floors in Building
1
Number of units
1
Building materials
Brick
Roof type
Rubber
Listing Agency:
HomeRealty Holland
Listed By:
Dirk Vande Poel · License #6501308832
(616) 796-9696
Added: Nov 3
Last Checked: Nov 4 at 7:06AM
MLS# 26058286
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,075-square-foot brick retail property was built in 1991 and includes a basement and one bathroom. Central air and forced-air heating serve the interior, with broadband available. A rubber roof completes the building’s listed physical features.
At 206 S River Avenue in Holland, the property occupies a 0.05-acre parcel. Retail, restaurant, and office uses are identified for the building.
At 206 S River Avenue in Holland, the property occupies a 0.05-acre parcel. Retail, restaurant, and office uses are identified for the building.
Key Highlights
- 2,075 square feet on a 0.05‑acre parcel
- Brick construction; built in 1991
- Basement and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,540
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,800
$430.8K
Cap Rate 7%
$307,714
$307.7K
Cap Rate 9%
$239,333
$239.3K
Market Conditions
NOI Build-Up for 2,075 SF
Gross rent
$32.1K $15.48/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$30.8K $14.83/SF
− OpEx
−$9.2K −$4.45/SF
NOI
$21.5K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,800
Cap Rate 7%
$307,714
Cap Rate 9%
$239,333
Alternative Uses
Best Use
Retail
$307.7K
$269.3K – $359.0K
NOI $21,540 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.80M
$22.58M – $30.10M
NOI $1,806,223 @ 7.0% cap · market cap 296.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 49423, MI
46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The building’s retail configuration also supports restaurant or office use.
Where is this retail space located?
The property is located at 206 S River Avenue Holland, MI.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: 2,075 square feet on a 0.05‑acre parcel; Brick construction; built in 1991; Basement and one bathroom
