Property summary
This exceptional investment opportunity presents a fully leased, 21,582 square foot shopping center in Holland, Michigan. The property, situated on a 2.979-acre lot, consists of three single-story buildings constructed in 1980 and features eight tenants with 100% occupancy. The center boasts strong visibility from a high-traffic road and benefits from large ground-mounted signage. Key tenants include Uncle Jib's Ski and Kayak Store and DB International Market, which together occupy 50% (10,870 square feet) of the total space. The property is strategically located across the street from a Family Fare Grocery-anchored center, offering excellent synergy and foot traffic. Its convenient location, 3.5 miles west of the US-31 interchange at E. Lakewood Blvd., places it near the heart of Holland, within a strong demographic area. The property is zoned for commercial use and is offered as a fee-simple sale. The Net Lease (NNN) structure provides a passive income stream. This is a rare opportunity to acquire a well-established, fully occupied retail center with significant upside potential due to below-market rents and lease expirations beginning in 2027. The property's history of 100% occupancy and prime location make it an attractive investment for discerning buyers. The property's address is 650 Riley St, Holland, MI 49424. The parcel number is 70-16-18-101-043.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
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Big Box & Wholesale Store Distribution Center
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(Bike/Boat/Book/etc) Store
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Corporate Office
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SEE MAP · Holland, MIZoning
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Zoning designation
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