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
Call Listing Agent
Legal Description
Call Listing Agent
Utilities
Utilities
Cable Available
Heating system
Space Heater, Forced Air
Cooling system
Central Air
Building Details
Year built
2025
Number of units
1
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# 24023502
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.
Planned as a 37,800-square-foot industrial warehouse on an 18.5-acre site, this under-construction property is scheduled for completion in 2025. 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.
Each proposed suite includes two loading docks and one overhead door, with 24- to 27-foot ceiling heights, central HVAC, a sprinkler system, and power that can be specified in advance. Metal siding and a metal roof are planned for the structure.
The property is positioned near the intersection of Waverly Road and E 48th Street, with access to US 31 and I-196. Estimated construction timing is 8 months from lease execution.
Each proposed suite includes two loading docks and one overhead door, with 24- to 27-foot ceiling heights, central HVAC, a sprinkler system, and power that can be specified in advance. Metal siding and a metal roof are planned for the structure.
The property is positioned near the intersection of Waverly Road and E 48th Street, with access to US 31 and I-196. Estimated construction timing is 8 months from lease execution.
Key Highlights
- 37,800 SF industrial warehouse under construction on 18.5 acres
- Lease the full building or divide into Suite C at 21,000 SF and Suite D at 16,800 SF
- Suite C includes 2,000 SF of office space; Suite D includes 1,500 SF
Property Analytics
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Current Use
Lease Details
27 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
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 full-building or divisible suite configurations with loading access and central air.
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 under construction on 18.5 acres; Lease the full building or divide into Suite C at 21,000 SF and Suite D at 16,800 SF; Suite C includes 2,000 SF of office space; Suite D includes 1,500 SF
