1016 Washington Ave Holland, MI 49423-5204
This exceptional 1-story, Class B retail strip center, built in 1986, presents a unique investment opportunity. Located at 1016 Washington Ave, this property boasts a total of 180 parking spaces and sits on a generous 2.49-acre lot. The center currently features multiple tenants, including well-established businesses such as Biggby Coffee, O'Reilly Auto Parts, Jet's Pizza, Consumers Credit Union, Rite Aid, and D&W Grocery Store. Two immediately available suites totaling 5,425 square feet are ready for occupancy. One suite is a former restaurant, complete with existing equipment. Both suites are "white boxed," offering flexibility for tenant build-outs. The property enjoys a high-traffic corner location with significant residential density in the surrounding area. This prime retail space is ideal for a variety of businesses. The landlord is open to considering a division of the larger suite to accommodate smaller tenants. This is a rare opportunity to secure a prominent retail presence in a thriving commercial area. The property's strong tenant mix and high visibility make it an attractive investment for both established businesses and new ventures. Don't miss this chance to capitalize on this exceptional retail space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Holland, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.