240 Riv Ave Holland, MI 49423-3144
Property profile & analytics
240 Riv Ave Holland, MI 49423-3144
- Office buildings
- 6,436 SF
- 0.09 lot acres
Property ID
US43-2403340
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- LVZ Financial Planning / Financial Advisor
- Heritage Financial Planning / Financial Advisor
Property Details for 240 Riv Ave
- Year built
- 1967
- Lot size
- 0.09 lot acres
- Property size
- 6,436 SF
- Zone code
- C-3
- Property type
- Office buildings
- APN
- 70-16-29-328-020
- APU
- 701629328020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,054,000
- AI Estimate
- $1,019,000
Market price range: $603k - $1.36MMarket price range: $379k - $1.24M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $880,000 Current use
- RETAIL STORES
- $1,260,000 Change: +43% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $835,000 Change: -5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.1093
- Latitude
- 42.7886
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$29,063
$0.00
$0.00
$447,200
-
$0.00
$0.00
$894,400
