Adaptable Office
For Sale
$2,706,750
85 E 8th Street #230 250, Holland, MI 49423
Second-floor space pairs private offices with open areas and a break room featuring north-facing floor-to-ceiling windows.
Property Size8,344 SF
Price / SF$324.39
Days on Market8
Property Features for 85 E 8th Street #230 250
General Information
Standard status
Active
Size
8,344 SF
Property subtype
Commercial
Zoning
F-CDT
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$61,338
Building Details
Building Size
8,344 SF
Year Built
2002
Buildings
1
Stories
3
Units
2
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt · License #6501331667
(616) 394-4500
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 22 at 2:24PM
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.
The second-floor office space at 85 E 8th Street includes five private offices, open areas, and a break area. Its 8,344 square feet provide a mix of enclosed and flexible workspace, with room for additional offices or larger group functions. Floor-to-ceiling windows in the break area face north. The property was built in 2002 and is zoned F-CDT.
Key Highlights
- 8,344 SF of second‑floor office space in suites 230 and 250
- Five existing private offices alongside flexible open areas
- Break area has floor‑to‑ceiling windows facing north
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,921
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,420
$1.8M
Cap Rate 7%
$1,313,157
$1.3M
Cap Rate 9%
$1,021,344
$1.0M
Market Conditions
NOI Build-Up for 8,344 SF
Gross rent
$142.2K $17.04/SF
− Vacancy
−$19.6K −$2.35/SF
EGI
$122.6K $14.69/SF
− OpEx
−$30.6K −$3.67/SF
NOI
$91.9K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,420
Cap Rate 7%
$1,313,157
Cap Rate 9%
$1,021,344
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,921 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$103.76M
$90.79M – $121.05M
NOI $7,263,193 @ 7.0% cap · market cap 268.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor space pairs private offices with open areas and a break room featuring north-facing floor-to-ceiling windows.
Where is this office unit located?
The property is located at 85 E 8th Street #230 250 Holland, MI.
What is the asking price?
The asking price for this property is $2,706,750.
What are key features of this property?
This property features: 8,344 SF of second‑floor office space in suites 230 and 250; Five existing private offices alongside flexible open areas; Break area has floor‑to‑ceiling windows facing north
