347 Hoover BlvdHolland, MI 49423

Property Details for 347 Hoover Blvd

Year built

1999

Lot size

1.93 AC

Property size (Sq ft)

8,139 SF

Zone code

OS

Property type

Office buildings

APN

70-16-28-481-003

APU

701628481003

Description

This exceptional 8,139-square-foot industrial office building presents a rare opportunity in Holland, Michigan. Strategically located on US-31 with convenient access from Hoover Boulevard, this property boasts incredible visibility on one of Holland's busiest thoroughfares. Formerly a church, the building underwent a complete renovation in 1999, transforming it into modern, efficient office space. The expansive 2.05-acre lot provides ample parking for approximately 83 vehicles. Currently configured as two independent suites, the layout offers flexibility, with the potential to create up to four separate suites, each with its own entrance. The property's prime location places it in close proximity to a variety of retail and commercial establishments, including Menards, Starbucks, Meijer, Mister Car Wash, and a future Culver's location, ensuring high traffic and visibility. This is an ideal location for businesses seeking a high-profile presence in a thriving commercial area. The building's substantial size and versatile layout make it suitable for a wide range of commercial uses. This is a unique opportunity to acquire a well-maintained, highly visible property in a desirable location. The asking price is $1,175,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,073,292

  6.5%

  $990,731

  7%

  $919,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,105

  Geo Method

  $1,060,105

• Alternative Use

  Use

  Valuation

  Residential

  $1,228,506

  Hospitality

  $1,125,305

  Educational

  $936,240

  Medical

  $968,439

  Retail

  $1,456,374

Location Insight

City

Holland

County

Ottawa

State

Michigan

Latitude

42.7845

Longitude

-86.0818

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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