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Flagstar Bank 833 E 16th St 760 - 3,655 SF of Office/Retail Space Available in Holland, MI 49423
HIGHLIGHTS
- Located at Highly Visible Corner of E 16th St and Hope Ave with a daily traffic count of 16,000 VPD.
- Drive-thru and ample parking onsite.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 760-3,655 SF | 3-10 Years | $15.00 /SF/YR $1.25 /SF/MO $54,825 /YR $4,569 /MO | Modified Gross |
1st Floor
This space essentially has 4 suites. Set up now as a bank, with a drive through chute and ATM, and a separate financial advisor firm. Suite 1 - Formerly Flagstar Bank, the main anchor suite has one teller position, and 3 partitioned offices, and an enclosed office. 1845 SF. From $16/SF/Yr + CAM Suite 2 - This second suite was formerly held by Flagstar Home Mortgage, and has 3 fully enclosed offices, a shared kitchen, with a separate entrance door and separate bathroom. 760 SF. From $17/SF/Yr + CAM Suite 3 - This suite was formerly held by Edward Jones, and has a kitchenette, bathroom, waiting room, reception desk, and 2 enclosed office spaces. 1050 SF. From $18/SF/Yr + CAM Suite 4 - This suite was a chiropractor office. It has a reception area, 5 enclosed offices, an open half-wall room, and a storage closet. It has 1800 SF. From $18/SF/Yr + CAM. CAM costs have been running around $7.65/SF/Yr.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Fits 2 - 30 People
- 4 Private Offices
- 3 Workstations
- Anchor Space
- Central Air and Heating
- Private Restrooms
- Fully Carpeted
- Wheelchair Accessible
- Prime 16th St, high traffic count, anchor tenant.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT FLAGSTAR BANK
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Brain & Body Chiropractic
- Health Care and Social Assistance
- 1
- -
- Edward Jones
- Finance Company
- 17,927
- International
- Pathway Financial
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Brain & Body Chiropractic | Health Care and Social Assistance | 1 | - |
| Edward Jones | Finance Company | 17,927 | International |
| Pathway Financial | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,655 SF | Gross Leasable Area | 7,094 SF |
| Min. Divisible | 760 SF | Year Built | 1998 |
| Property Type | Retail | Parking Ratio | 5/1,000 SF |
| Property Subtype | Bank | Cross Streets | S Waverly Rd |
| Total Space Available | 3,655 SF |
| Min. Divisible | 760 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 7,094 SF |
| Year Built | 1998 |
| Parking Ratio | 5/1,000 SF |
| Cross Streets | S Waverly Rd |
ABOUT THE PROPERTY
833 E 16th St Waverly Rd Holland, MI is a 7,094 SF retail location at at Highly Visible Corner of E 16th St and Hope Ave with a daily traffic count of 16,000 VPD. Pylon and Building Signage available. Drive-thru and ample parking onsite. Former Flagstar bank space is available, which is 2,605 SF. Former Edward Jones space is available, which is 1050 SF. Space could also be split into 3 suites - 1,845 SF, 760 SF, and 1050 SF.
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
Presented by
Flagstar Bank | 833 E 16th St
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