Property profile

12420 Felch St A Holland, MI 49424

FOR LEASE
Turn key restaurants
Property ID
US43-0592431
11,124 SF 2.66 ac lot Built 2016
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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12420 Felch St,Unit A, Holland, MI 49424 For Lease
$17 SF/Yr 2,623 SF available
12420 Felch St,Unit A, Holland, MI 49424
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Property summary

AI-generated overview

This retail/office suite comprises 2,623 square feet and is located as the west end-cap unit within an operating Olive Garden restaurant at The Shops at Westshore in Holland, Michigan. The building was constructed in 2016 and the suite was remodeled in 2023, with a bright, open interior layout and exterior windows on all sides. The suite has multiple ingress and egress options and is supported by ample on-site parking. It is positioned along the US-31 retail corridor between Felch St. and James St., near retailers and service uses including Hobby Lobby, Kohl’s, Sherwin Williams, Burlington, X-Golf, Dunham’s Sports, Urban Air Adventure Park, West MI Works, GRCC Lakeshore Campus, Orangetheory Fitness, Chipotle Mexican Grill, SVS Vision, and PNC Bank. Tenant-use restrictions apply, excluding restaurants and businesses requiring high-volume parking. The property is zoned C-2 (Community Commercial District) in Holland Charter Township. The Olive Garden building totals 11,097 square feet and sits on a 2.66-acre lot.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2016
Total area 11,124 SF
Lot 2.66 ac (115,870 SF)
Zoning code C-2
APN 70-16-16-400-060
UPID US43-0592431

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service

Location

12420 Felch St, Unit A Holland, MI 49424
Holland metro Census 22207 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$745k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2018
Price N/A
2016
Price N/A
2016
Price N/A
2013
Price N/A
2012
Price N/A

Zoning & alternative use

C-2 · Holland, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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