Finished Second-Floor Office
For Sale
$1,745,110
85 E 8th St Unit 230, Holland, MI 49423
Fully finished workspace combines private offices, open areas, and a window-lined break room.
Property Size5,107 SF
Price / SF$341.71
Days on Market261
Property Features for 85 E 8th St Unit 230
General Information
Standard status
Active
Size
5,107 SF
Property subtype
Commercial
Additional Details
Floor
2
Amenities
large break room
floor to ceiling windows
Building Details
Year Built
2002
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt · License #6501331667
(616) 355-3156
Source:
Vmrealestatemichigan
Added: Feb 7
Changed: Oct 25
Last Checked: Oct 24 at 5:44PM
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.
Suite 230 is a 5,107-square-foot office unit on the second floor of an office property built in 2002. The interior includes five private offices along with several open areas that can support collaborative work or be reconfigured for additional private offices.
A generously sized break room is positioned along the north side of the property and features floor-to-ceiling windows. The suite is located at 85 E 8th Street in Holland, Michigan.
A generously sized break room is positioned along the north side of the property and features floor-to-ceiling windows. The suite is located at 85 E 8th Street in Holland, Michigan.
Key Highlights
- 5,107 SF second‑floor office unit
- Five private offices included
- Multiple open areas accommodate collaborative work or additional private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,261
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,220
$1.1M
Cap Rate 7%
$803,729
$803.7K
Cap Rate 9%
$625,122
$625.1K
Market Conditions
NOI Build-Up for 5,107 SF
Gross rent
$87.0K $17.04/SF
− Vacancy
−$12.0K −$2.35/SF
EGI
$75.0K $14.69/SF
− OpEx
−$18.8K −$3.67/SF
NOI
$56.3K $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%
$1,125,220
Cap Rate 7%
$803,729
Cap Rate 9%
$625,122
Alternative Uses
Best Use
Office B
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.51M
$55.57M – $74.09M
NOI $4,445,485 @ 7.0% cap · market cap 254.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Fully finished workspace combines private offices, open areas, and a window-lined break room.
Where is this office unit located?
The property is located at 85 E 8th St Unit 230 Holland, MI.
What is the asking price?
The asking price for this property is $1,745,110.
What are key features of this property?
This property features: 5,107 SF second‑floor office unit; Five private offices included; Multiple open areas accommodate collaborative work or additional private offices
