Turnkey Office Condominium
40 E Lakewood Blvd Holland, MI 49424
40 E Lakewood Blvd, Holland, MI, 49424
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For Sale
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Modern office condo with private offices, collaborative space, and a reception area for professional client-facing operations.
Property Size1,350 SF
Price / SF$148.15
Days on Market50
Property Features for 40 E Lakewood Blvd
General Information
- Standard status
- Active
- Size
- 1,350 SF
- Property subtype
- Office
Listing agency
Dar Commercial
(616) 520-5467
Listed by
Jon Geenen · License #MI 6501409080
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 20 at 5:49AM
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 Dar Commercial
Investment Insights
Based on property information with market context.
This well-appointed office condominium suite features a clean, modern interior with higher-quality finishes throughout. The layout is designed for day-to-day professionalism, including private offices, collaborative work areas, and a welcoming reception area for client interactions. The space is presented as turnkey, supporting a straightforward transition for professional users.
The property is located at 40 E Lakewood Blvd in Holland, Michigan, positioned along the Lakewood Boulevard corridor. It offers convenient access to US-31 and is surrounded by nearby retail amenities within the broader Holland market.
The configuration supports a range of office-based businesses, including legal, financial, medical, or general office operations, where a mix of private workspaces and shared collaboration is beneficial. For owners or buyers seeking an established, professionally finished office condominium in a maintained setting, this suite provides a practical foundation for immediate occupancy or operation.
The property is located at 40 E Lakewood Blvd in Holland, Michigan, positioned along the Lakewood Boulevard corridor. It offers convenient access to US-31 and is surrounded by nearby retail amenities within the broader Holland market.
The configuration supports a range of office-based businesses, including legal, financial, medical, or general office operations, where a mix of private workspaces and shared collaboration is beneficial. For owners or buyers seeking an established, professionally finished office condominium in a maintained setting, this suite provides a practical foundation for immediate occupancy or operation.
Key Highlights
- Office condominium located at 40 E Lakewood Blvd in Holland, Michigan
- Modern, professional interior with high‑quality finishes
- Suite layout includes private offices, collaborative work areas, and a welcoming reception area
Local 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 | $23.0k | $17.04 |
| − Vacancy | −$3.2k | −$2.35 |
| EGI | $19.8k | $14.69 |
| − OpEx | −$5.0k | −$3.67 |
| NOI | $14.9k | $11.02 |
1,350 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.79M
$14.69M – $19.59M
NOI $1,175,133 @ 7.0% cap · market cap 587.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - Benjamin ...
Insurance Agency
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FAQs
What type of property is this?
Office units - Modern office condo with private offices, collaborative space, and a reception area for professional client-facing operations.
Where is this office units located?
The property is located at 40 E Lakewood Blvd Holland, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Office condominium located at 40 E Lakewood Blvd in Holland, Michigan; Modern, professional interior with high‑quality finishes; Suite layout includes private offices, collaborative work areas, and a welcoming reception area
