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    FOR SALE
    Office buildings

    171 College Ave, Holland, MI 49423

    22,607 SF 0.3 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2165736
    Property summary
    AI-generated overview

    This exceptional three-story office building, constructed in 2019, presents a unique opportunity in the heart of downtown Holland, Michigan. Located at 171 College Ave, on the southwest corner of E 7th Street and College Ave, this 22,607 square foot building offers multiple lease options, ranging from a minimum of 5,250 square feet to a maximum contiguous space of 21,750 square feet. The building features high ceilings (15 feet), providing a spacious and modern feel. Amenities include nine parking spaces and elevators for convenient access to all three floors. The second and third floors boast balcony areas, offering additional outdoor space. The property sits on 0.3 acres of land and is zoned F-CDT. Its prime location provides easy access to a variety of shops, restaurants, banks, and hotels. The building's design is well-suited for traditional office spaces, executive suites, or coworking arrangements. While a current tenant lease extends to September 2024, multiple lease options are available for prospective tenants seeking a vibrant and convenient downtown location. The property's APN is 70-16-29-281-050. This is an excellent opportunity to secure a prominent presence in a thriving downtown area.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Total area 22,607 SF
    Lot 0.3 ac (13,199 SF)
    Zoning code C-3
    APN 70-16-29-281-050
    UPID US43-2165736
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Oegema Squad @Home Realty Real Estate Agency
    • Paperwork Squad Real Estate Agency
    • ESS Universal Furniture & Home Goods Home Decor Store
    • Jill Beekman, Realtor® Real Estate Agency
    • Rebecca & Taressa The Home Team Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.78M
    Blend (final) Blend
    $4.58M
    Owner & transaction history
    171 COLLEGE HOLDINGS LLC
    171 COLLEGE HOLDINGS LLC
    Zoning & alternative use
    C-3 · Holland, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $4.4M +43.2%
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    More about this property
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