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Investment Highlights

  • Key location just West of US-31 alongside Menards with easy access to I-196.

Executive Summary

Three unit, older industrial property in the City of Holland. Present rail spur is not activated. There are completely new roof and insulation on the entire building, as well as new LED lighting throughout, and separate gas and electric metering. This is a great owner occupant opportunity with the balance of the building leased out. Front approximately ½ of the building (Section A) is approximately 50,000 SF of concrete block and brick building with wood deck, 440 power, 14' ceilings, two loading docks, new lighting, approximately 2,000 SF of office space, and good power distribution. It will be leased until early summer 2024. Section B is 20,812 SF of Concrete Block and brick with concrete roof deck, 4 dock height doors, and a large drive through door, heavy power, sprinkling, new LED lighting, new ADA bathrooms, new heating, new paint, 16' ceilings, and 21'x30' bay spacing. It is presently leased as storage through 2/28/26, for $3.86 per SF plus utilities with 3% annual COLA. Section C is 23,335 SF of concrete block and brick section with steel bar joist and decking, 17' ceilings, new fire protection, LED lighting, HVAC, heavy power, new ADA bathrooms, new paint, two docks, one large drive through door, and 30'x43' bay spacing. It's presently leased as storage through 2/28/27, for $3.50 per SF + NNN with 3% COLA.

Attachments

510 E 16th St

Property Facts

Price $2,950,000
Price Per SF $29.86
Sale Type Investment or Owner User
Sale Condition High Vacancy Property
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 7.30 AC
Rentable Building Area 98,783 SF
No. Stories 1
Year Built 1948
Parking Ratio 0.34/1,000 SF
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 1
Cross Streets US-31
Zoning I-1 - Light Industrial District

Amenities

  • Fenced Lot
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl - 200
  • 20,800 SF
  • Industrial
  • -
  • Now

20,800 SF of Industrial space for lease on Holland's south side. Concrete Block and brick with concrete roof deck, 4 dock height doors, and a large drive through door, heavy power, sprinkling, new LED lighting, new ADA bathrooms, new heating, new paint, 16’ ceilings, 21’x30’ bay spacing. Key location just West of US-31 alongside Menards with easy access to I-196.

Space Size Space Use Build-Out Available
1st Fl - 200 20,800 SF Industrial - Now

1st Fl - 200

Size
20,800 SF
Space Use
Industrial
Build-Out
-
Available
Now

1st Fl - 200

Size 20,800 SF
Space Use Industrial
Build-Out -
Available Now

20,800 SF of Industrial space for lease on Holland's south side. Concrete Block and brick with concrete roof deck, 4 dock height doors, and a large drive through door, heavy power, sprinkling, new LED lighting, new ADA bathrooms, new heating, new paint, 16’ ceilings, 21’x30’ bay spacing. Key location just West of US-31 alongside Menards with easy access to I-196.

Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
70-16-33-200-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,024,300
  • Listing ID: 35786192

  • Date on Market: 5/9/2024

  • Last Updated:

  • Address: 510 E 16th St, Holland, MI 49423

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