New Construction Industrial
For Lease
$7 SF/Yr
721 E 48th Street, Holland, MI 49423
Commercial Lease, Holland, MI
Space Size16,800 SF - 37,800 SF
Lot Size18.50 Acres
Days on Market879
Property Features for 721 E 48th Street
General Information
Property type
Commercial Lease
Property subtype
Other
Property condition
Under Construction
Zoning description
I-1
Fireplace
1
Elementary school district
Hamilton
Middle school district
Hamilton
High school district
Hamilton
Directions
Waverly Road South to E 48th St,. Home to Mad Cheetah
Subdivision
Holland/Saugatuck - H
Standard status
Active
APN
03-02-03-300-021
Size
37,800 SF
Lot size
18.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Contact Listing Agent
Legal Description
Contact Listing Agent
Utilities
Utilities
Cable Available
Heating system
Space Heater, Forced Air
Cooling system
Central Air
Building Details
Year built
2025
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Michael Nagelkirk · License #6501194952
(616) 836-1122
Added: May 10, 2024
Changed: Sep 16
Last Checked: Oct 5 at 11:06PM
MLS# 24023516
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 under-construction industrial warehouse will provide 37,800 square feet of space within an 18.5-acre property. The building can be leased as a whole or divided into Suite C, measuring 21,000 square feet with 2,000 square feet of office space, and Suite D, measuring 16,800 square feet with 1,500 square feet of office space. Building features include 24- to 27-foot ceiling heights, metal siding, a metal roof, central air, forced-air and space-heater systems, and a sprinkler system.
Each proposed suite is planned with two loading docks and one overhead door. The property is located at the northeast corner of Waverly Road and E 48th Street, with access to US 31 and I-196. Natural gas or propane service is planned, and power capacity can be arranged through BPW based on advance requirements. Construction is scheduled for completion in 2025, with an estimated build time of 8 months from lease execution.
Each proposed suite is planned with two loading docks and one overhead door. The property is located at the northeast corner of Waverly Road and E 48th Street, with access to US 31 and I-196. Natural gas or propane service is planned, and power capacity can be arranged through BPW based on advance requirements. Construction is scheduled for completion in 2025, with an estimated build time of 8 months from lease execution.
Key Highlights
- 37,800 SF industrial warehouse on an 18.5‑acre property
- Proposed division into Suite C: 21,000 SF plus 2,000 SF office, or Suite D: 16,800 SF plus 1,500 SF office
- 24'-27' ceiling height
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-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
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Market
Lease Benchmarks for Holland, MI
$7.54 /SF/Yr
Avg Asking Price
$5.45–$21 /SF/Yr
Price Range
47,069 SF
Avg Space Size
This space is priced 7% below the average of $7.54 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction warehouse offering divisible suites, office components, dock access, and centralized climate control.
Where is this warehouse located?
The property is located at 721 E 48th Street Holland, MI.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 37,800 SF industrial warehouse on an 18.5‑acre property; Proposed division into Suite C: 21,000 SF plus 2,000 SF office, or Suite D: 16,800 SF plus 1,500 SF office; 24'-27' ceiling height
