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 8:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
