Liquor Store Retail
877 Washington Avenue Holland, MI 49423
New
877 Washington Avenue, Holland, MI, 49423
$1,249,000
For Sale
$1,249,000
COMMERCIAL - Holland, MI
Property Size4,185 SF
Lot Size0.77 Acres
Price / SF$298.45
Days on Market1
Property Features for 877 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 15
- Standard status
- Active
- APN
- 53-02-05-151-027
- Size
- 4,185 SF
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Com Nw Cor Th S 00deg 00' 00" W 1226.55' Th S 89deg 54' 00" E 50' To Pob Th Cont S 89deg 54' 00" E 200' Th S 00deg 00' 0
- Tax Annual Amount
- 19448
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1958
- Number of units
- 1
Listing Agency
New Michigan Realty LLC
(844) 639-6424
850 Stephenson Hwy, Ste 115, Troy, MI
Listed by
Johny Thomas
(702) 208-3341
Added: Jul 17 Checked: Jul 17 at 5:06 pm
MLS# 26036848
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.
This for-sale retail property is a dedicated liquor store building featuring a full selection of beer, wine, spirits, tobacco, and lottery, along with convenience items. The business also includes additional office and storage space located in the rear of the building, which is described as providing potential for extra rental income.
The property is located at 877 Washington Avenue in Holland, Michigan (Allegan County). The site totals 0.77 acres and the building size is listed at 4,185 square feet.
As noted in the listing, there may be potential to add gas pumps. Financial information is available to qualified buyers upon execution of a confidentiality agreement.
The property is located at 877 Washington Avenue in Holland, Michigan (Allegan County). The site totals 0.77 acres and the building size is listed at 4,185 square feet.
As noted in the listing, there may be potential to add gas pumps. Financial information is available to qualified buyers upon execution of a confidentiality agreement.
Key Highlights
- Liquor store business offering beer, wine, spirits, tobacco, lottery, and convenience items
- Additional rental income available by renting extra office/storage space located in the rear of the building
- Potential to add gas pumps
Local Financial Insights For Specialty Retail
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 | $64.8k | $15.48 |
| − Vacancy | −$2.7k | −$0.65 |
| EGI | $62.1k | $14.83 |
| − OpEx | −$15.5k | −$3.71 |
| NOI | $46.5k | $11.12 |
4,185 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$665.0K
$581.8K – $775.8K
NOI $46,547 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$620.6K
$543.1K – $724.1K
NOI $43,444 @ 7.0% cap · market cap 3.48%
Theoretical Best
Multifamily LT 5
$52.04M
$45.54M – $60.72M
NOI $3,642,913 @ 7.0% cap · market cap 291.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Southside Party Store
(Bike/Boat/Book/etc) Store
Village Square Professional ...
Business Service Center
Similar For Sale Nearby
Similar Off Market Nearby
- Family Fare Supermarket — 1185 Washington Ave, Holland, MI 49423
FAQs
What type of property is this?
Grocery and convenience store - Standalone liquor store offering beer, wine, spirits, tobacco, lottery, and convenience items.
Where is this grocery and convenience store located?
The property is located at 877 Washington Avenue Holland, MI.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Liquor store business offering beer, wine, spirits, tobacco, lottery, and convenience items; Additional rental income available by renting extra office/storage space located in the rear of the building; Potential to add gas pumps
