Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    693 Lakewood Blvd Holland, MI 49424

    • Retail space
    • 8,150 SF
    • 0.94 lot acres
    For Sale
    View listing
    $800,000
    Value Estimation
    Last Sale
    Sep 20, 2024
    $655,000
    Location Intelligence
    Property ID
    US43-2114887
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CareLinc Medical Equipment & Supply / Oxygen Equipment Supplier / Medical Supply Store

    Property Details for 693 Lakewood Blvd

    Year built
    1998
    Lot size
    0.94 lot acres
    Property size
    8,150 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    70-16-21-290-009
    APU
    701621290009

    Description

    This exceptional 8,150-square-foot retail storefront at 693 E Lakewood Blvd, Holland, MI 49424, presents a compelling investment opportunity. Boasting a 5.46% cap rate and a strong $43,650 net operating income (NOI), this property offers significant return potential. Currently 100% occupied by a national tenant, CareLinc Medical Equipment, with a new 5-year lease upon sale, ensuring stable income. Situated on a 0.96-acre lot, the building features a flexible layout ideal for various users requiring both showroom and warehouse space. Its prime location, just east of US-31 and north of Business I-196/Chicago Drive, provides excellent visibility and accessibility. The asking price is $800,000, translating to $98.16 per square foot. This property is a rare find, combining strong tenancy, a desirable location, and a high return on investment. Don't miss this chance to acquire a stable and profitable commercial asset in a thriving Michigan market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $655,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $555,000
      Mixed-Use
      $565,000
      Hospitality
      $680,000
      Educational
      $700,000
      Residential Income
      $540,000
      Energy
      $525,000
      Income-Based Land
      $595,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0798
    Latitude
    42.8054
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,438
    $0.00
    $0.00
    $324,600
    -
    $0.00
    $0.00
    $649,200

    Comparable in this City

    • Value Estimation by Request
      4,939 SF

      227 James St

      RETAIL STORES (PERSONAL SERVICES) • 4,939 SF
      227 James St, Holland, MI 49424-1825
      View Details
    • Value Estimation by Request
      1,001 SF

      2763 120th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,001 SF
      2763 120th Ave, Holland, MI 49424-8692
      View Details
    • Value Estimation by Request
      3,525 SF

      37 James St

      RETAIL STORES (PERSONAL SERVICES) • 3,525 SF
      37 James St, Holland, MI 49424-1821
      View Details
    • Value Estimation by Request
      1,152 SF

      13871 Blair St

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      13871 Blair St, Holland, MI 49424-9440
      View Details
    • Value Estimation by Request
      50,401 SF

      12659 Riley St

      RETAIL STORES (PERSONAL SERVICES) • 50,401 SF
      12659 Riley St, Holland, MI 49424-9215
      View Details
    • Value Estimation by Request
      9,000 SF

      2308 Park Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      2308 Park Dr, Holland, MI 49424-9599
      View Details

    Similar Nearby for Sale

    • $3,038,000
      3,378 SF

      NNN Retail Property For Sale

      Long-term NNN lease with zero landlord responsibilities.
      3176 W Shore Dr, Holland, MI 49424
      View Details
    • $800,000
      8,150 SF

      Holland Storefront Investment Opportunity

      High-Cap Retail Building, 8,150 SF
      693 Lakewood Blvd, Holland, MI 49424
      View Details
    • $1,525,000
      10,880 SF

      Retail Property in Holland, MI

      Retail property available for sale in Holland, Michigan.
      10240 Adams St, Holland, MI 49424
      View Details
    • $400,248
      80,280 SF

      Holland, MI Retail Investment Opportunity

      Two-tenant retail asset near US Highway 31 in Holland, MI.
      12386 Felch St, Holland, MI 49424
      View Details
    • $1,390,000

      Holland Restaurant Opportunity on US-31

      Restaurant opportunity on US-31 in Holland's northside business district.
      3015 W Shore Dr, Holland, MI 49424
      View Details
    • $399,000
      1,440 SF

      Retail Property in Holland, MI

      Retail property for sale in Holland, Michigan, 1440 square feet.
      13827 Port Sheldon St, Holland, MI 49424
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      6,375 SF

      Remodeled Event Space For Rent

      Recently remodeled event space suitable for weddings, banquets, retail.
      977 Butternut Dr, Holland, MI 49424
      View Details
    • $12 SF/Yr
      2,400 SF

      Holland Retail Space For Lease

      Commercial suites available in a newly remodeled Holland strip mall.
      840 Black River Dr, Holland, MI 49424
      View Details
    • $8 SF/Yr
      42,297 SF

      Holland Town Center Retail Spaces

      Prime Holland, MI retail space available.
      12330 James St, Holland, MI 49424
      View Details
    • $12 SF/Yr

      Retail Space Near Downtown Holland

      Retail space available near downtown Holland, Michigan.
      127 N River Ave, Beechwood, MI 49424
      View Details
    • $17 SF/Yr
      1,150 SF

      Retail Space in Riley Plaza

      Retail space for lease in a high-traffic Holland corridor.
      12719 Riley St Unit, Holland, MI 49424
      View Details
    • $14 SF/Yr
      1,500 SF

      Holland Retail/Warehouse Space For Rent

      1,500 SF retail/warehouse space in high-traffic area.
      154 E Lakewood Blvd, Holland, MI 49424
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    693 Lakewood Blvd
    Holland, MI 49424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.