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2863 W Shore Dr Holland, MI 49424

Strip malls Google Maps
24,808 SF 1.63 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$4.26M
Range $3.83M – $4.68M (±10%)
Property ID US43-2131856

Property summary

AI-generated overview

This exceptional retail opportunity is located at 2863 W Shore Dr in Holland, Michigan, within the West Shore Center strip mall. The property, built in 1990, offers four available spaces ranging from 1,170 to 3,632 square feet, perfect for a variety of retail businesses. The 24,808 square foot center sits on 1.635 acres of land and provides 70 parking spaces for ample customer convenience. Its prime location at the corner of US-31 and Felch Street ensures high visibility and traffic counts. The C2 zoning allows for a range of retail uses. The property features a strong tenant mix, creating a vibrant and attractive shopping environment. This is an ideal location for businesses seeking high foot traffic and excellent exposure in a well-established retail center. The property's address is 2863 W Shore Dr, Holland, MI 49424, with the APN 70-16-16-180-006 in Ottawa County. No elevators are present on the property. This is a prime opportunity to establish or expand your retail presence in a thriving Michigan market. Contact us today to learn more about leasing options and availability.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Total area 24,808 SF
Lot 1.63 ac (71,003 SF)
APN 70-16-16-180-006
UPID US43-2131856

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
  • Gym & Fitness Center
  • Restaurant
  • Employment Agency
  • Loan Service
  • Clothing Store Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.25M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.26M

Owner & transaction history

since 2021
Last sale
$3.3M
1 recorded transaction
2021
$3.3M

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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