Property profile

2353 Park Dr Holland, MI 49424

OFF-MARKET
Outlet malls
Property ID
US43-2417110
29,633 SF 3.15 ac lot Built 1993
Entity Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 30,700-square-foot retail space, formerly occupied by Big Lots, presents a unique opportunity in Holland, MI. Located at 2353 N Park Dr, this single-tenant building sits on a 3.16-acre lot within the vibrant North Park Plaza, a shopping center anchored by Walmart and Sam's Club. The property boasts a Class B designation, having been built in 1993 and renovated in 2002. The building features one story, offering ample space for a variety of retail uses, including furniture, clothing, home goods, entertainment, discount, gym, or health-related businesses. The property includes two convenient loading docks and nearly 200 parking spaces to accommodate customers and employees. The property's zoning is commercial, and its Ottawa County location (APN 70-16-21-130-001) offers excellent visibility and accessibility, situated just off US-31. The high traffic volume generated by the neighboring Walmart and Sam's Club, along with other established tenants such as Staples, Shoe Dept., Dollar Tree, Burger King, Chick-fil-A, and Kid to Kid, creates a strong potential customer base. Annual property taxes are $1.68 per square foot. This prime location and substantial space make this property an attractive investment for a discerning tenant seeking high visibility and strong foot traffic.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1993
Total area 29,633 SF
Lot 3.15 ac (137,170 SF)
Zoning code C-2
APN 70-16-21-130-001
UPID US43-2417110

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
  • Furniture & Home Goods Home Decor Store
  • Shopping Center & Mall
  • (Bike/Boat/Book/etc) Store

Location

2353 Park Dr Holland, MI 49424-9599
Holland metro Census 25101 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.58M
Blend (final) Blend
$5.13M

Owner & transaction history

since 2009
3 recorded transactions
2009
Price N/A
2008
Price N/A
2006
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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