Recently Renovated Industrial
For Sale
$1,980,000
Pending
2336 112th Avenue Holland, Holland, MI 49424
Renovated industrial building with 5,000 SF of office space and 10,000 SF of warehouse space on 2.69 acres.
Property Size15,000 SF
Lot Size2.69 Acres
Days on Market20
Property Features for 2336 112th Avenue Holland
General Information
Standard status
Pending
Size
15,000 SF
Lot size
2.69 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2009
Listing Agency:
(269) 399-5881
Listed By:
Eric Essenburg
(269) 399-5881
Source:
Remax-executive
Added: Jul 11
Changed: Jul 12
Last Checked: Jul 30 at 3:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eric Essenburg
Investment Insights
Based on property information with market context.
Recently renovated 15,000 SF industrial building offering a combination of office and warehouse space. The property includes 5,000 SF of office space and 10,000 SF of warehouse space, with room on-site to potentially expand the building.
The building is located between Holland and Zeeland and provides easy access to Chicago Drive. US-31 is less than 2 miles away.
The layout supports a mixed office/warehouse function, with the majority of the improvements dedicated to warehouse space and an office component sized to support on-site operations.
The building is located between Holland and Zeeland and provides easy access to Chicago Drive. US-31 is less than 2 miles away.
The layout supports a mixed office/warehouse function, with the majority of the improvements dedicated to warehouse space and an office component sized to support on-site operations.
Key Highlights
- Renovated 15,000 SF industrial building (1 building) on 2.69 acres, built in 2009
- Layout includes 5,000 SF office space and 10,000 SF warehouse space
- Easy access to Chicago Drive and less than 2 miles from US‑31
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.6k | $17.04 |
| − Vacancy | −$35.3k | −$2.35 |
| EGI | $220.3k | $14.69 |
| − OpEx | −$55.1k | −$3.67 |
| NOI | $165.2k | $11.02 |
15,000 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,542 @ 7.0% cap · market cap 12.75%
Second Best
Industrial
$3.16M
$2.77M – $3.69M
NOI $221,357 @ 7.0% cap · market cap 11.18%
Theoretical Best
Multifamily LT 5
$186.53M
$163.21M – $217.62M
NOI $13,057,035 @ 7.0% cap · market cap 659.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49424, MI
47,963
Population
19,906
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
57.3 sq mi
ZIP Area
837
Density / Sq Mi
$82,353
Median Household Income
$41,316
Median Earnings
$1,157
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Renovated industrial building with 5,000 SF of office space and 10,000 SF of warehouse space on 2.69 acres.
Where is this flex space located?
The property is located at 2336 112th Avenue Holland Holland, MI.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Renovated 15,000 SF industrial building (1 building) on 2.69 acres, built in 2009; Layout includes 5,000 SF office space and 10,000 SF warehouse space; Easy access to Chicago Drive and less than 2 miles from US‑31
