Building Details

Building Size 1,983 SF

Year Built 1975

Units 1

Listing Agency: Lakeshore Commercial Real Estate d***@lakeshorecommercial.com Show Phone

Listed By: Drew Alan Durham · License #6501355882 Show Phone

Source: Phgrealty

Added: Mar 12 Changed: Aug 23 Last Checked: Aug 23 at 6:16AM

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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

Investment Insights

Based on property information with market context.

This office/retail building is available for lease and is situated on the south side of Holland, at the corner of Michigan Avenue and 27th Street. The location is directly adjacent to Holland Hospital, providing access onto 3 streets. The property features generous parking and excellent signage opportunities. The lease term is 36 months. The bike score is 54, indicating it is bikeable. The walk score is 0, indicating it is car-dependent.

Key Highlights

• Located directly adjacent to Holland Hospital
• Corner lot on Michigan Avenue & 27th Street
• Access onto 3 streets

Property Analytics

Property Profile

Current Use

LivingStrong Gym & Fitness Center Theresa R Gargala, ... Psychotherapist Everyday Body Works Gym & Fitness Center Beknown Counseling, LLC Counselor PTX Physical Therapy ... Physician

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Hair Salon Nail Salon Computer & Electronic Repair Plumbing 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

NNN (Triple Net)

Lease Type

$2.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

821

Businesses Nearby

Under-served

Demand for This Use

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

Market

Lease Benchmarks for Holland, MI

$17.49 /SF/Yr

Avg Asking Price

$6–$61 /SF/Yr

Price Range

7,834 SF

Avg Space Size

This space is priced 14% below the average of $17.49 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office space - Office/retail building for lease near Holland Hospital.

Where is this office space located?

The property is located at 653 Michigan Avenue #300 Holland, MI.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: Located directly adjacent to Holland Hospital; Corner lot on Michigan Avenue & 27th Street; Access onto 3 streets