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Financial
Distress signals
Property profile

224 S River Ave 1ST Holland, MI 49423

FOR SALE
Retail space
Property ID
US43-2401808
10,157 SF 0.35 ac lot Built 1940
Last sale Jan 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
224 S River Ave,Unit 1ST, Holland, MI 49423 For Sale 1 / 7
$490,000 10,157 SF
224 S River Ave,Unit 1ST, Holland, MI 49423
View Listing

Property summary

AI-generated overview

The property includes a first-floor commercial suite measuring 2,474 square feet within a commercial building constructed in 1940. The suite is configured to support either retail or office use and has access to a private parking lot. It is located on the corner of South River Avenue and 9th Street in downtown Holland, with sidewalks in the surrounding area served by a snowmelt system intended to improve winter pedestrian access, and nearby amenities such as shops, restaurants, parks, and walking-distance destinations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$32k
Tax billed · 2022
Assessed value · 2023$508k
Effective rate6.23%

Value estimate

· Oct 2026
$490k
$441k – $539k
Submarket $/SF estimate$1.91M
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 160,512.50% cap applied$26k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$196/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$104 – $479

Cap rate analysis

How does the asset earn?
160,512.50%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-3
JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.6
Locksmith9.3
Catering Service8.9

Location

224 S River Ave, Unit 1ST Holland, MI 49423
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13 16th, Holland, MI 49423-3320 $490,000 Jan 2022 4,669 SF
9 16th, Holland, MI 49423-3320 $490,000 Jan 2022 4,250 SF
100 Waverly, Holland, MI 49423-3051 $350,000 Nov 2021 9,920 SF
835 Lincoln, Holland, MI 49423-5306 $530,000 Nov 2021 17,814 SF
676 Michigan, Holland, MI 49423-4912 $500,000 Oct 2021 7,677 SF
405 Columbia, Holland, MI 49423-4291 $275,000 Sep 2021 4,901 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $1,475,000
    9,810 SF
    809 Washington Ave
    CONVENIENCE STORE
    809 Washington Ave, Holland, MI 49423-7133
    View Details
  • Value Estimation by Request
    8,370 SF
    545 8th St
    FINANCIAL BUILDING
    545 8th St, Holland, MI 49423-3714
    View Details
  • Value Estimation
    $1,275,000
    7,276 SF
    1362 Pt Pl, Unit 9
    RETAIL STORES (PERSONAL SERVICES)
    1362 Pt Pl, Holland, MI 49423-8545
    View Details
  • Value Estimation
    $745,000
    7,200 SF
    4578 60th St
    RETAIL STORES (PERSONAL SERVICES)
    4578 60th St, Holland, MI 49423-8723
    View Details
  • Value Estimation
    $655,000
    6,750 SF
    587 8th St
    RETAIL STORES (PERSONAL SERVICES)
    587 8th St, Holland, MI 49423-3764
    View Details
  • Value Estimation
    $1,055,000
    6,389 SF
    839 Washington Ave
    RETAIL STORES (PERSONAL SERVICES)
    839 Washington Ave, Holland, MI 49423-7134
    View Details

Similar Nearby for Sale

  • $5,060,000
    43,243 SF
    Multi-Tenant Shopping Center
    Four-building retail center with established commercial surroundings and access from S Washington Avenue.
    1149 S Washington Avenue, Holland, MI 49423
    View Details
  • Contact for pricing
    2,000 SF
    New Retail Space
    Corner-positioned retail space with on-site parking near major retailers, restaurants, and shops.
    717 E 24th Street, A, Holland, MI 49423
    View Details
  • $3,900,000
    76,225 SF
    Downtown Holland Versatile Commercial Space
    Adaptable space for manufacturing, warehousing, or retail in downtown Holland.
    147 E 6th St, Holland, MI 49423
    View Details
  • New
    Contact for pricing
    1,104 SF
    Endcap Retail Suite
    White-box commercial space in a new center alongside established grocery and dining operators.
    667 Hastings Avenue, 103, Holland, MI 49423
    View Details
  • New
    Contact for pricing
    Strip Mall with Window Storefronts
    Retail center with flexible zoning, signage opportunities, and access to Holland-area shoppers from Chicago Drive.
    710-716 Chicago Dr &Waverly, Holland, MI 49423
    View Details
  • Contact for pricing
    Neighborhood Shopping Center
    Established retail center beside Family Fare along a heavily traveled Washington Avenue corridor.
    1111 Washington Avenue, 70, Holland, MI 49423
    View Details

Similar Nearby for Lease

  • New
    $25 SF/Yr
    8,400 sqft
    Inline Retail Suite with Monument Signage
    Retail leasing opportunity in a multi-tenant strip with shared parking and established neighboring retailers.
    770 E 16th St, Holland, MI 49423
    View Details
  • $18 SF/Yr
    16,758 sqft
    Endcap Retail Space
    Available endcap suite in a grocery-anchored center with pylon signage on Washington Avenue.
    1191 Washington Ave, Holland, MI 49423
    View Details
  • $19.77 SF/Yr
    3,708 sqft
    Storefront Property
    Available for a 24- to 36-month lease with walkable and bike-friendly access.
    196 S River Ave, Holland, MI 49423
    View Details
  • $12 SF/Yr
    2,100 sqft
    Neighborhood Shopping Center Space
    Retail space in an established district with central air, forced-air heating, and access to a heavily traveled commercial corridor.
    1111 Washington Avenue, Holland, MI 49423
    View Details
  • New
    $24 SF/Yr
    2,000 sqft
    Corner Retail Lease Opportunity
    Brand-new retail space for lease on a street-corner location with ample on-site parking.
    A-717 E 24th St, Holland, MI 49423
    View Details
  • New
    $24 SF/Yr
    2,000 sqft
    New Construction Retail Suite
    Lease options include on-site parking near major retailers and restaurants.
    717 E 24th St, Holland, MI 49423
    View Details
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