Freestanding Drive-Through
For Sale
$599,000
544 E 8th St, Holland, MI 49423
Restaurant improvements include a commercial exhaust hood, walk-in cooler, and walk-in freezer.
Property Size2,000 SF
Price / SF$299.50
Days on Market36
Property Features for 544 E 8th St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Zoning
I-2
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Commercial Hood
Yes
Amenities
Drive-Thru
Vacant
Listing Agency:
DAR Commercial Real Estate
Listed By:
David Denton · License #MI 6502372595
(616) 881-2900
Source:
Carwm.resimplifi
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 28 at 4:43AM
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 DAR Commercial Real Estate
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Investment Insights
Based on property information with market context.
This freestanding, 2,000-SF restaurant is configured for drive-through service. Kitchen equipment includes a 12-foot exhaust hood, walk-in cooler, and walk-in freezer. The property is zoned I-2.
At 544 E 8th St in Holland, the site is north of US-31. The 8th Street corridor serves Hope College and the downtown shopping and dining district.
At 544 E 8th St in Holland, the site is north of US-31. The 8th Street corridor serves Hope College and the downtown shopping and dining district.
Key Highlights
- Freestanding 2,000 SF restaurant with drive‑through service
- 12' exhaust hood
- Walk‑in cooler and walk‑in freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,245
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,900
$444.9K
Cap Rate 7%
$317,786
$317.8K
Cap Rate 9%
$247,167
$247.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$31.0K $15.48/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$29.7K $14.83/SF
− OpEx
−$7.4K −$3.71/SF
NOI
$22.2K $11.12/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,900
Cap Rate 7%
$317,786
Cap Rate 9%
$247,167
Alternative Uses
Best Use
Specialty Retail
$317.8K
$278.1K – $370.8K
NOI $22,245 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$24.87M
$21.76M – $29.02M
NOI $1,740,938 @ 7.0% cap · market cap 290.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant improvements include a commercial exhaust hood, walk-in cooler, and walk-in freezer.
Where is this drive through restaurant located?
The property is located at 544 E 8th St Holland, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Freestanding 2,000 SF restaurant with drive‑through service; 12' exhaust hood; Walk‑in cooler and walk‑in freezer
