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    Property profile & analytics
    OFF-MARKET Estimated value $1,035,000
    Office buildings

    240 Riv Ave, Holland, MI 49423-3144

    6,436 SF 0.09 ac lot Built 1967
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-2403340
    Property summary
    AI-generated overview

    Lakewood Plaza, a single-story, 12,258 square foot retail strip center, presents a compelling investment opportunity in Holland, Michigan. Located at 240 N River Ave, this property boasts a prime location at the southwest corner of River Avenue and Lakewood Boulevard, benefiting from exceptional visibility and accessibility. The 2.89-acre lot features a single building with 5,000 square feet currently available for lease. The high-traffic intersection sees an average daily traffic count exceeding 24,500 vehicles, ensuring significant exposure for potential tenants. The property benefits from its proximity to a robust mix of national and regional retailers, including McDonald's, Wendy's, CVS, Taco Bell, and numerous banks and restaurants. This strategic location within a thriving community offers access to a substantial consumer base. Holland, MI boasts a median household income of $61,081, and the property sits within a five-mile radius of a population exceeding 98,072, indicating a strong and growing market. Easy ingress and egress from both River Avenue and Lakewood Boulevard further enhance the property's appeal. This is an exceptional opportunity to acquire a well-positioned retail property in a high-growth area.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1967
    Total area 6,436 SF
    Lot 0.09 ac (3,790 SF)
    Zoning code C-3
    APN 70-16-29-328-020
    UPID US43-2403340
    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
    • LVZ Financial Planning Financial Advisor
    • Heritage Financial Planning Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.05M
    Blend (final) Blend
    $1.04M
    Owner & transaction history
    Lvz Properties LLC · 4 yrs held
    Lvz Properties LLC
    since 2021
    4 recorded transactions
    2021
    2021
    2020
    2008
    Zoning & alternative use
    C-3 · Holland, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.3M +43.2%
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