Financial
Distress signals
Property profile

840 Black River Dr 2 Holland, MI 49424

FOR LEASE
Strip malls
Property ID
US43-2297950
17,400 SF 3.07 ac lot Built 2000
Last sale Feb 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a strip mall (Adams Court Strip Mall) offering commercial suites configured for multiple business uses, with suite sizes ranging from approximately 1,200 to 4,800 square feet. The building has been newly remodeled and re-purposed. It is located with access to Interstate 196 and is near Chicago Drive, Downtown Holland, and Downtown Zeeland, providing roadway-based connectivity. Accessibility characteristics include a bike score of 22 (somewhat bikeable) and a walk score of 2 (car-dependent).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2023$445k
Effective rate3.71%

Value estimate

· Sep 2026
$530k
$477k – $583k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 207,616.67% cap applied$25k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
207,616.67%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-3
JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.9
Restaurant19.6
Building Supply18.8

Location

840 Black River Dr, Unit 2 Holland, MI 49424
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
218 Riv, Holland, MI 49424-2181 $1,900,000 Mar 2022 33,468 SF
12635 Felch St, Holland, MI 49424-8275 $21,000,000 Feb 2022 15,138 SF
3050 Beeline Rd, Holland, MI 49424-8022 $21,000,000 Feb 2022 10,080 SF
2863 Shr, Holland, MI 49424-9576 $3,300,000 Dec 2021 24,808 SF
2931 Shr, Holland, MI 49424-8516 $2,015,000 Jul 2019 20,350 SF
3549 Shr, Holland, MI 49424-9674 $6,282,400 Nov 2018 30,064 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
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