Industrial Facility with Expansion
For Sale
Contact for pricing
4235 Corporate Exchange Dr, Hudsonville, MI 49426
A substantial industrial and office building offers dock-high loading, drive-in access, and room for outdoor storage or growth.
Property Size121,199 SF
Lot Size17.97 Acres
Price / SF$0.00
Days on Market18
Property Features for 4235 Corporate Exchange Dr
General Information
Standard status
Active
Size
121,199 SF
Lot size
17.97 Acres
Property subtype
Industrial
Zoning
IND-G
Lease Type
NNN
Warehouse & Industrial
Clear Height
32.5 ft
Warehouse Space
108,811 SF
Office Build-Out
12,388 SF
Dock-High Doors
6
Drive-In Doors
2
Power
1,600 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Asking Price
$14,000,000
Highway Access
Yes
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
2008
Buildings
1
Tenancy
Single Tenant
Building Size
121,199 SF
Construction
precast
Listing Agency:
Advantage Commercial Real Estate
Listed By:
Tim Van Noord · License #6501244633
(616) 990-6418
Source:
Carwm.resimplifi
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 4:41AM
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 Advantage Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 121,199-square-foot industrial facility in Hudsonville was built in 2008 and includes 108,811 square feet of industrial space alongside 12,388 square feet of office space. Six enclosed dock-high doors and two drive-in doors support building access. The structure has 10-inch floors, 32'6" clear height, ESFR fire suppression, and 1,600-amp, 480V, three-phase electrical service. Approximately 3.5 acres of the 17.97-acre site can accommodate expansion or outdoor storage, and the building can support multiple tenants. Zoning is IND-G.
The property is positioned between Grand Rapids and Holland, less than one mile from I-196. The entire building is available for lease beginning April 1, 2027.
The property is positioned between Grand Rapids and Holland, less than one mile from I-196. The entire building is available for lease beginning April 1, 2027.
Key Highlights
- 121,199 SF building on 17.97 acres
- 108,811 SF of industrial space and 12,388 SF of office space
- Approximately 3.5 acres available for expansion or outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,788,548
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,770,960
$35.8M
Cap Rate 7%
$25,550,686
$25.6M
Cap Rate 9%
$19,872,756
$19.9M
Market Conditions
NOI Build-Up for 121,199 SF
Gross rent
$2.62M $21.60/SF
− Vacancy
−$62.8K −$0.52/SF
EGI
$2.56M $21.08/SF
− OpEx
−$766.5K −$6.32/SF
NOI
$1.79M $14.76/SF
Area
Ottawa County, MI
Vacancy
2.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$35,770,960
Cap Rate 7%
$25,550,686
Cap Rate 9%
$19,872,756
Alternative Uses
Best Use
Warehouse
$29.15M
$25.51M – $34.01M
NOI $2,040,521 @ 7.0% cap · market cap 29,360,014.39%
Second Best
Industrial
$25.55M
$22.36M – $29.81M
NOI $1,788,548 @ 7.0% cap · market cap 25,734,503.60%
Theoretical Best
Multifamily LT 5
$1,507.14M
$1,318.75M – $1,758.33M
NOI $105,499,970 @ 7.0% cap · market cap 1,517,985,179.86%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
32 ft
Clear height
6
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
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Business Placement
Demographics for 49426, MI
40,467
Population
14,020
Households
2.9
Avg Household Size
36
Median Age
44%
College-Educated
98%
High-School Grad
60.3 sq mi
ZIP Area
671
Density / Sq Mi
$106,981
Median Household Income
$53,620
Median Earnings
$1,199
Median Rent
$338,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - A substantial industrial and office building offers dock-high loading, drive-in access, and room for outdoor storage or growth.
Where is this industrial property located?
The property is located at 4235 Corporate Exchange Dr Hudsonville, MI.
What are key features of this property?
This property features: 121,199 SF building on 17.97 acres; 108,811 SF of industrial space and 12,388 SF of office space; Approximately 3.5 acres available for expansion or outdoor storage
