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Three-Unit Industrial Property

510 E 16th Street, Holland, MI 49423

For Sale
$2,950,000

I-1 zoning, separately metered utilities, and a rail spur define this multi-section property.

Property Size99,132 SF
Lot Size7.30 Acres
Price / SF$29.76
Days on Market165

Property Features for 510 E 16th Street

General Information

Standard status Active
Size 99,132 SF
Lot size 7.30 Acres
Property subtype Industrial
Zoning I-1

Warehouse & Industrial

Dock-High Doors 2
Rail Access No
Voltage 440 V

Additional Details

Highway Access Yes
Tenant in Place Yes
Property Use Industrial

Taxes and HOA fees

Annual Taxes $51,349

Building Details

Building Size 99,132 SF
Year Built 1948
Buildings 1
Construction Concrete block and brick
Listing Agency: Lakeshore Commercial Real Estate
Listed By: James Edewaard · License #6501249802
Source: Bialikrealestate
Added: May 27 Changed: Oct 29 Last Checked: Nov 7 at 6:29AM

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 Lakeshore Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 99,132-square-foot industrial property occupies 7.3 acres in Holland and dates to 1948. The three-unit building has a replacement roof and insulation, LED lighting, and separate gas and electric meters. Section A comprises approximately 50,000 square feet of concrete block and brick construction, with a wood deck, 440 power, 14-foot ceilings, two loading docks, and approximately 2,000 square feet of office space. A rail spur is present but inactive; the balance of the building is leased.

The property is zoned I-1, located just west of US-31 alongside Menards, and has access to I-196.

Key Highlights

  • 99,132 square feet on 7.3 acres
  • Three‑unit industrial building; balance beyond Section A is leased
  • Section A: approximately 50,000 square feet, 440 power, and 14' ceilings

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Holland Transplanter Co Logistics Company

Suggested Use

Top Pick Dental Office Building Supply Restaurant Garden Center Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Dock-high doors
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

551
Businesses Nearby

Demographics for 49423, MI

46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Industrial properties in Holland, MI

$113 Jul
$98.46 Aug
$112 Sep
$102 Oct

Properties on Market for Industrial properties in Holland

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial property - I-1 zoning, separately metered utilities, and a rail spur define this multi-section property.
Where is this industrial property located?
The property is located at 510 E 16th Street Holland, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 99,132 square feet on 7.3 acres; Three‑unit industrial building; balance beyond Section A is leased; Section A: approximately 50,000 square feet, 440 power, and 14' ceilings
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