510 E 16th St - Manufacturing FOR SALE


Holland, MI 49423- Downtown Holland
$2,950,000 USD
616-403-6131
510 E 16th St, Holland, MI for Sale
$2,950,000 USD
Manufacturing - FOR SALE
1/17
null | Request Cap Rate

510 E 16th St
Holland, MI 49423
Downtown Holland


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Holland Transplanter/ Integrated Fabric Resou

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

6

DRIVE INS

1

PARKING SPACES

34

LAND DETAILS

LAND ACRES

7.3

LAND SF

317,988

ZONING

I-1

APN/PARCEL ID

70-16-33-200-012

ASK ABOUT THIS PROPERTY

Jim EdewaardLakeshore Commercial Real EstateMore Info
616-403-6131

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Jim EdewaardLakeshore Commercial Real EstateMore Info
616-403-6131

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