Mixed-Use Property with
For Sale
$650,000
578 S Shore Drive, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size3,146 SF
Lot Size0.18 Acres
Price / SF$206.61
Days on Market60
Property Features for 578 S Shore Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial (MDR
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking
17
Interior features
Broadband
Elementary school district
Holland
Middle school district
Holland
High school district
Holland
Directions
196 to 16th St. west to S Shore Dr. west to property.
Standard status
Active
APN
70-16-31-104-003
Size
3,146 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9 Exc. 80 Ft. Also 15 Ft of Lot 10 Lugers Add Sec 31 T5N R15W5767
Tax Annual Amount
5767
Legal Description
Lot 9 Exc. 80 Ft. Also 15 Ft of Lot 10 Lugers Add Sec 31 T5N R15W5767
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
dedicated parking
updated kitchen
renovated bathroom
track lighting
new LVP flooring
brand-new storefront windows
new furnace
central air
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Rubber
Listing Agency:
Greenridge Realty
(616) 935-3500
Listed By:
Chris Mendels · License #6501398814
(616) 402-2044
Added: Aug 7
Changed: Oct 5
Last Checked: Oct 5 at 11:06PM
MLS# 26041328
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.
Investment Insights
Based on property information with market context.
This MDR-zoned mixed-use property contains 3,146 square feet across a commercial main level and an upstairs apartment. The 2,046-square-foot main floor is configured as a photography studio, with an open layout, storefront windows, track lighting, LVP flooring, an updated kitchen and a renovated bathroom. The apartment has two bedrooms, one bathroom and its own entrance. Improvements include a new furnace and central air, along with updated cabinetry, granite countertops and flooring. The building dates to 1930 and has 17 parking spaces.
At 578 S Shore Drive in Holland, the property also has broadband and cable availability. The apartment is leased through September 2027. The garage south of the building is privately owned and is not included in the sale.
At 578 S Shore Drive in Holland, the property also has broadband and cable availability. The apartment is leased through September 2027. The garage south of the building is privately owned and is not included in the sale.
Key Highlights
- 3,146 square feet of mixed‑use space on a 0.18‑acre parcel
- MDR zoning
- 2,046‑square‑foot main level currently configured as a photography studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,657
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,140
$693.1K
Cap Rate 7%
$495,100
$495.1K
Cap Rate 9%
$385,078
$385.1K
Market Conditions
NOI Build-Up for 3,146 SF
Gross rent
$53.6K $17.04/SF
− Vacancy
−$7.4K −$2.35/SF
EGI
$46.2K $14.69/SF
− OpEx
−$11.6K −$3.67/SF
NOI
$34.7K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,140
Cap Rate 7%
$495,100
Cap Rate 9%
$385,078
Alternative Uses
Best Use
Office B
$495.1K
$433.2K – $577.6K
NOI $34,657 @ 7.0% cap · market cap 5.33%
Second Best
Mixed Use
$388.2K
$339.7K – $452.9K
NOI $27,174 @ 7.0% cap · market cap 4.18%
Theoretical Best
Multifamily LT 5
$39.12M
$34.23M – $45.64M
NOI $2,738,495 @ 7.0% cap · market cap 421.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
160
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A separately accessed upstairs apartment is leased through September 2027.
Where is this mixed-use property located?
The property is located at 578 S Shore Drive Holland, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,146 square feet of mixed‑use space on a 0.18‑acre parcel; MDR zoning; 2,046‑square‑foot main level currently configured as a photography studio
