10500 Chicago Dr - Storefront Retail/Office FOR SALE


Zeeland, MI 49464
$1,450,000 USD
312-550-4889
10500 Chicago Dr, Zeeland, MI for Sale
$1,450,000 USD
Storefront Retail/Office - FOR SALE
1/20
null | 8.27% Cap Rate

10500 Chicago Dr
Zeeland, MI 49464


OVERVIEW

Pantheon Commercial is pleased to present West Park Office Center, a 16,082 SF multi-tenant professional office building on 1.78 acres along Chicago Drive in Zeeland, Michigan. Built in 1997 with 85 surface parking spaces and zoned O-S (Office-Service), the property is anchored by Vee's Grill & Coney Island and home to a diversified roster of professional services tenants spanning legal, financial advisory, medical, wellness, and real estate uses. The asset is positioned directly on Chicago Drive, the primary commercial corridor connecting Holland and Zeeland, drawing daytime traffic from Gentex, Herman Miller, Haworth, and the broader West Michigan manufacturing base. Multiple tenants have occupied their suites for five or more years, with documented lease renewals across the roster signaling strong tenant retention. The building's restaurant anchor occupies the prominent corner suite and serves as a destination draw for the property's professional services tenants. The property has a very strong leasing history, and the property has continued upside in getting current leases marked to market as they roll over. Offered at $1,450,000 West Park Office Center represents an accessible foothold in the stable Holland-Zeeland submarket for 1031 exchange buyers, and investors seeking a small-cap entry point into West Michigan's professional office sector with an extremely low basis of only $90/SF.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

8.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

CROSS STREETS

104th

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

O/S

APN/PARCEL ID

70-16-23-250-021

ASK ABOUT THIS PROPERTY

Aaron EichenbergPantheon CommercialMore Info
312-550-4889

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Aaron EichenbergPantheon CommercialMore Info
312-550-4889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.