Property profile

650 Riley St Holland, MI 49424

OFF-MARKET
Retail space
Property ID
US43-0551404
23,692 SF 2.31 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 23,692 SF
Lot 2.31 ac (100,580 SF)
Zoning code SEE MAP
APN 70-16-18-101-043
UPID US43-0551404

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
  • Charitable Organization Social Service Agency
  • Big Box & Wholesale Store Distribution Center
  • (Bike/Boat/Book/etc) Store
  • Corporate Office
  • Alternative Medicine Practice Spa & Massage Center

Location

650 Riley St Holland, MI 49424-1592
Holland metro Census 25102 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$480k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2011
Price N/A
2011
Price N/A

Zoning & alternative use

SEE MAP · Holland, MI

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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