New Retail
717 E 24th Street A, Holland, MI 49423
For Sale
Contact for pricing
Corner-positioned retail space with on-site parking near major retailers, restaurants, and shops.
Property Size2,000 SF
Price / SF$0.01
Days on Market49
Property Features for 717 E 24th Street A
General Information
Standard status
Size
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Drew Alan Durham · License #6501355882
(616) 394-4500
Source:
Corneliusteam
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 6 at 8:58AM
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
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Investment Insights
Based on property information with market context.
This brand-new retail property offers approximately 1,285 to 2,000 SF of space in a commercial setting. The building occupies the corner of E 24th Street and S Waverly Road, with on-site parking supporting customer access.
The surrounding area includes Meijer, Menards, Dollar Tree, and Save-A-Lot, along with restaurants, shops, and additional national and local retailers. The property provides a retail-oriented setting near established commercial businesses and consumer services.
The surrounding area includes Meijer, Menards, Dollar Tree, and Save-A-Lot, along with restaurants, shops, and additional national and local retailers. The property provides a retail-oriented setting near established commercial businesses and consumer services.
Key Highlights
- 1,285 - 2,000 SF of retail space
- Brand‑new construction
- Corner of E 24th Street and S Waverly Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,240
$415.2K
Cap Rate 7%
$296,600
$296.6K
Cap Rate 9%
$230,689
$230.7K
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
−$8.9K −$4.45/SF
NOI
$20.8K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,240
Cap Rate 7%
$296,600
Cap Rate 9%
$230,689
Alternative Uses
Best Use
Retail
$296.6K
$259.5K – $346.0K
NOI $20,762 @ 7.0% cap · market cap 86,508.33%
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 7,253,908.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
388
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
$254,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Ottawa County, MI
Properties on Market for Retail space in Ottawa County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Corner-positioned retail space with on-site parking near major retailers, restaurants, and shops.
Where is this retail space located?
The property is located at 717 E 24th Street A Holland, MI.
What are key features of this property?
This property features: 1,285 - 2,000 SF of retail space; Brand‑new construction; Corner of E 24th Street and S Waverly Road
