Office Condo with Conference
For Sale
$179,900
40 E Lakewood Boulevard, Holland, MI 49424
Commercial Sale, Holland, MI
Property Size1,350 SF
Price / SF$133.26
Days on Market50
Property Features for 40 E Lakewood Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
251 COMMERCIAL
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
West Ottawa
Middle school district
West Ottawa
High school district
West Ottawa
Directions
US-31 to Lakewood Blvd; west on Lakewood to location.
Standard status
Active
APN
70-16-20-264-006
Size
1,350 SF
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Description
UNIT 6 RAILSIDE CENTER, AS AMENDED, AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS LIBER 2502 PAGES 274-327 CONDO SUB PL
Tax Annual Amount
3407
Legal Description
UNIT 6 RAILSIDE CENTER, AS AMENDED, AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS LIBER 2502 PAGES 274-327 CONDO SUB PL
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Listing Agency:
Greenridge Realty Holland
(616) 396-1917
Listed By:
Dean Kreps · License #6506047734
(616) 403-5092
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 30 at 3:06AM
MLS# 26048595
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 1,350-square-foot office condo at Railside Center provides a practical professional-office layout with three offices or rooms, a reception area, conference room, and a compact kitchenette equipped with a sink and mini fridge. The suite also includes one bathroom, broadband access, forced-air heating, and central air conditioning.
The property is located at 40 E Lakewood Boulevard in Holland, Michigan, with access to major highways and ample parking. The building was constructed in 1998, and cable service is available. Its combination of defined work areas, visitor reception space, meeting capacity, and basic office amenities supports a range of professional office configurations.
The property is located at 40 E Lakewood Boulevard in Holland, Michigan, with access to major highways and ample parking. The building was constructed in 1998, and cable service is available. Its combination of defined work areas, visitor reception space, meeting capacity, and basic office amenities supports a range of professional office configurations.
Key Highlights
- 1,350 SF office condo at Railside Center
- Three offices or rooms plus reception and conference areas
- Kitchenette includes a sink and mini fridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,872
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,440
$297.4K
Cap Rate 7%
$212,457
$212.5K
Cap Rate 9%
$165,244
$165.2K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$23.0K $17.04/SF
− Vacancy
−$3.2K −$2.35/SF
EGI
$19.8K $14.69/SF
− OpEx
−$5.0K −$3.67/SF
NOI
$14.9K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,440
Cap Rate 7%
$212,457
Cap Rate 9%
$165,244
Alternative Uses
Best Use
Office B
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 8.27%
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 653.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private rooms, reception, kitchenette, and conference area.
Where is this office unit located?
The property is located at 40 E Lakewood Boulevard Holland, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,350 SF office condo at Railside Center; Three offices or rooms plus reception and conference areas; Kitchenette includes a sink and mini fridge
