240 Riv Ave, Holland, MI 49423-3144
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.
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LVZ Financial Planning Financial Advisor
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Heritage Financial Planning Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Holland, MIHolland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.