460 Cleveland Avenue, Holland, MI 49423
- Added:
- Jun 10, 2024
- Days on Market:
- 757
- Last Refresh:
- Jul 6 at 9:06 am
Property Features for 460 Cleveland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-16-31-209-001
- Size
- 5,760 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
- 3
- 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
- 11 newly built storage building/condo units with multiple sizes ranging from 1,920–5,760 SF
- 22'+ ceiling height in the storage units
- Each unit includes a 14' x 16' overhead door with operator plus front and rear service doors
- Property is under construction; year built 2025
- Metal siding construction with forced air heating
- Broadband and cable available
Overview
The property is located at 460 Cleveland Avenue in Holland, Michigan, in Ottawa County. It is described as being close to Lake Macatawa, which may appeal to buyers needing storage for boats and related equipment.
With units available in a condo format, this configuration can fit buyers looking for discrete, individually owned storage spaces rather than a single, undivided warehouse. The current status indicates 5 condo units are under contract and 6 condo units remain, supporting a continued mix of purchase sizes and potential buyer timelines.
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 | $124.4k | $21.60 |
| − Vacancy | −$3.0k | −$0.52 |
| EGI | $121.4k | $21.08 |
| − OpEx | −$36.4k | −$6.32 |
| NOI | $85.0k | $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
