Active

510 E 16th Street

Holland MI, 49423

$3,650,000


$36.82 per sqft

Active

3 Baths

99,132 sqft

Commercial

Built in 1948

Courtesy of James Edewaard, Lakeshore Commercial Real Estate

Three unit Older Industrial Property of approximately 100,000 s.f., Zoned I-1, on 7.3 acres in the City of Holland. Present rail spur is not activated. Complete new roof and insulation on the entire building. New LED lighting throughout, separate gas and electric metering. Front approximately 1/2 of the building (Section A) to be vacated early summer 2024, this is a great owner occupant opportunity with the balance of the building leased out. Key location just West of US-31 alongside Menards with easy access to I-196. (Section A) Approximately 50,000 s.f. of Concrete block and brick building with wood deck, 440 power, 14' ceilings, two loading docks, new lighting, approximately 2,000 s.f. of office, good power distribution, new roof/insulation. Will be vacant early summer 2024. (Section B) 20,812 s.f. 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, 21'x30' bay spacing. Presently leased as storage through 2/28/26, for $3.86 per s.f. plus utilities with 3% annual COLA. (Section C) 23,335 s.f. of Concrete Block and brick section with steel bar joist and decking, 17' ceilings, new roof/insulation, new fire protection, LED lighting, HVAC, heavy power, new ADA bathrooms, new paint, two docks, one large drive through door, 30'x43' bay spacing. Presently leased as storage through 2/28/27, for $3.50 per s.f. + NNN with 3% COLA

24015881

MLS ID

April 4, 2024

Listed

February 20, 2025

Updated

Interior Features

Total Stories

1


Total Bathrooms

3


Full Bathrooms

3


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Hot Water

Exterior/Building Features

Lot Size

7.3 Acres


Roof

Rubber


Sewer

Public Sewer

School Information

School District

Holland

Other Property Details

Area Name

Holland/Saugatuck - H


Taxes

$47,678


Tax Frequency

Annually


Days on Market

280


Garage

No


Parking Total

40


View

No


County

Ottawa


Water Source

Public


Pool

No


Utilities

Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

Listing History

Date

Event

Price

8/7/2024

Price change

$3,650,000

-8%

Courtesy of Lakeshore Commercial Real Estate

The IDX display contains information sourced from the MichRIC® as of 2/20/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated 2/20/2025

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