Office Suites with Flexible
85 E 8th Street #230 250, Holland, MI 49423
For Sale
New
$2,706,750
The second-floor space combines enclosed offices with adaptable open areas and a windowed break room.
Property Size8,344 SF
Price / SF$324.39
Days on Market4
Property Features for 85 E 8th Street #230 250
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Condition
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt · License MI #6501331667
(616) 394-4500
Source:
Homeflexrealty
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 2:42PM
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.
Located on the second floor, Suites 230 and 250 comprise 8,344 square feet. The existing buildout includes five private offices, open areas that can accommodate collaborative work or additional enclosed rooms, and a break area with floor-to-ceiling windows facing the north side of the property. The layout also supports larger gatherings or presentations. The building dates to 2002, and the property is zoned F-CDT.
Key Highlights
- 8,344 square feet across Suites 230 and 250 on the second floor
- Current buildout includes 5 private offices and multiple open areas
- Floor‑to‑ceiling windows in the break area face the north side of the property
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
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,481 @ 7.0% cap · market cap 5.19%
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
$254,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Holland, MI
Properties on Market for Office Units in Holland
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The second-floor space combines enclosed offices with adaptable open areas and a windowed break room.
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 square feet across Suites 230 and 250 on the second floor; Current buildout includes 5 private offices and multiple open areas; Floor‑to‑ceiling windows in the break area face the north side of the property
