Office Suite with Conference
85 E 8th Street 250 Holland, MI 49423
85 E 8th Street 250, Holland, MI, 49423
Contact for pricing
For Sale
Contact for pricing
Second-floor suite offers a kitchenette, conference room, and flexible open workspace with windowed south-side exposure.
Property Size3,237 SF
Price / SF$281.12
Days on Market873
Property Features for 85 E 8th Street 250
General Information
- Standard status
- Active
- Size
- 3,237 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Lakeshore Commercial Real Estates
(616) 394-4500
Listed by
Jason DeWitt · License #MI 6501331667
Source
Crexi
Added: Mar 1, 2024 Updated: Jul 20 at 10:07PM Checked: Jul 20 at 10:07PM
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 Estates
Investment Insights
Based on property information with market context.
Unit 10 / Suite 250 is a finished second-floor office space totaling 3,237 square feet at Plaza Center. The suite includes a small kitchenette and a dedicated conference room. The primary area is a large open layout designed for flexible use, with the option to support coworking or to build out private offices with windows wrapped along the south side of the building.
The space is located at 85 E 8th Street in Holland, MI, and looks out over 8th Street below from the south-side window line.
Offered for sale, Suite 250 provides a ready-to-use office environment with core amenities already in place and the remaining layout suited to adaptable workstation and office configurations.
The space is located at 85 E 8th Street in Holland, MI, and looks out over 8th Street below from the south-side window line.
Offered for sale, Suite 250 provides a ready-to-use office environment with core amenities already in place and the remaining layout suited to adaptable workstation and office configurations.
Key Highlights
- 2nd‑floor suite in Plaza Center with 3,237 SF of finished office space
- Suite includes a small kitchenette and a conference room
- Large open area designed for flexible use, including co‑working/collaborative space or private office buildout
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $17.04 |
| − Vacancy | −$7.6k | −$2.35 |
| EGI | $47.5k | $14.69 |
| − OpEx | −$11.9k | −$3.67 |
| NOI | $35.7k | $11.02 |
3,237 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$509.4K
$445.8K – $594.3K
NOI $35,660 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.25M
$35.22M – $46.96M
NOI $2,817,708 @ 7.0% cap · market cap 309.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Community Foundation of the Holland/Zeeland ...
Charitable Organization
Ottawa Prosecuting Attorney
Law Firm
Smith Haughey Rice ...
Law Firm
Family Investment & Resource
Financial Advisor
Cap Trust Financial ...
Financial Advisor
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FAQs
What type of property is this?
Office units - Second-floor suite offers a kitchenette, conference room, and flexible open workspace with windowed south-side exposure.
Where is this office units located?
The property is located at 85 E 8th Street 250 Holland, MI.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: 2nd‑floor suite in Plaza Center with 3,237 SF of finished office space; Suite includes a small kitchenette and a conference room; Large open area designed for flexible use, including co‑working/collaborative space or private office buildout
