460 Cleveland Avenue, Holland, MI 49423
- Added:
- Jun 10, 2024
- Days on Market:
- 757
- Last Refresh:
- Jul 6 at 5:06 am
Property Features for 460 Cleveland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-16-31-209-001
- Size
- 1,920 SF
- Lot size
- 1.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 46 TO 59 INCLUSIVE, ALSO S 1/2 OF VAC 19TH ST & ALL OF VAC ALLEY ADJ TO SD LOTS. WEERSING'S 1ST ADD SEC 31 T5N R15
- Tax Annual Amount
- 28865
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Metal Siding
Listing agent Thomas S Postma License #6502135442 (616) 394-4500
Listing office Lakeshore Commercial Real Estate 44 E 8th Street # 510, Holland, MI (616) 394-4500
Listing date Jun 10, 2024
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.
HighLights
- Newly built storage condo units (1,920 - 5,760 SF) offer modern, customizable space.
- High ceilings (22'+) and large overhead doors (14' x 16') provide easy access and storage for large items.
- Convenient location near Lake Macatawa, ideal for boat owners.
- Front and rear service doors enhance accessibility and functionality.
- Units are under construction, allowing for potential customization.
- Broadband and cable availability offer connectivity options.
Overview
Located at 460 Cleveland Avenue in Holland, MI (Ottawa County), the property is positioned for users who want close access to Lake Macatawa, including those looking for convenient storage for boats. The configuration supports both individual unit ownership and occupancy across a range of sizes.
The combination of tall clearance and drive-in overhead service makes these storage condos well-suited for businesses and individuals that need secure, practical storage. With 5 condo units reported under contract and 6 condo units remaining, buyers can select a unit size that aligns with their needs while retaining the straightforward storage-focused build-out and access features included with every unit.
Local Financial Insights For Industrial
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 | $41.5k | $21.60 |
| − Vacancy | −$995 | −$0.52 |
| EGI | $40.5k | $21.08 |
| − OpEx | −$12.1k | −$6.32 |
| NOI | $28.3k | $14.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.125511
- Latitude
- 42.780088
