321 Settlers RdHolland, MI 49423

Property Details for 321 Settlers Rd

Year built

1986

Lot size

1.76 AC

Property size (Sq ft)

16,460 SF

Zone code

C-2

Property type

Office buildings

APN

70-16-28-477-015

APU

701628477015

Description

This exceptional 21,890 square foot industrial building presents a rare investment opportunity in a prime Holland, MI location. Situated on a 2.37-acre lot along the heavily trafficked US-31 corridor between 8th and 16th Streets, this property boasts unparalleled visibility and accessibility. The building is currently 100% leased to three established, long-term tenants: Cunningham Dalman PC, Wells Fargo Advisors, and Lighthouse Title Group, ensuring a stable and predictable income stream. This represents a first-time offering for sale, providing a unique chance to acquire a signature building in a thriving lakeshore community. The property's strategic location offers convenient access for employees and customers throughout the Holland area. The building's high-quality construction and strong tenant occupancy make it an attractive investment for discerning buyers seeking a stable, high-return asset. The substantial size of the lot provides ample space for potential future expansion or development, adding further value to this already exceptional property. This is a turnkey investment opportunity with a proven track record of success, offering both immediate income and long-term growth potential. The asking price is $3,250,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,006,302

  6.5%

  $2,775,048

  7%

  $2,576,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,143,915

  Geo Method

  $2,143,915

• Alternative Use

  Use

  Valuation

  Residential

  $3,441,060

  Hospitality

  $3,151,992

  Educational

  $2,622,420

  Medical

  $2,712,610

  Retail

  $4,079,321

Location Insight

City

Holland

County

Ottawa

State

Michigan

Latitude

42.7855

Longitude

-86.0795

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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