26 State StZeeland, MI 49464

Property Details for 26 State St

Lot size

0.72 AC

Property size (Sq ft)

7,984 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

70-16-13-481-054

APU

701613481054

Description

This exceptional 1,775 square foot traditional office space is ideally situated in the heart of downtown Zeeland, Michigan, at 26 N State St, zip code 49464. Currently occupied by Birtles Fabrics, this space will become available in February 2025, offering a fantastic opportunity for a business seeking a high-visibility location. The property is categorized as both retail and office, making it versatile for a variety of uses. The multiple tenancy structure suggests a vibrant and active environment. Located in Ottawa County, this property benefits from excellent walkability, placing it within easy reach of local amenities and services. The space's neighboring businesses include popular establishments such as Hungry Howies and Stems, ensuring high foot traffic and a bustling atmosphere. This prime location presents a unique chance to establish or expand a business in a thriving downtown area. The property's address is 26 N State St, Zeeland, MI 49464. The space is 1775 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,602,740

  6.5%

  $1,479,450

  7%

  $1,373,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,510

  Geo Method

  $1,081,510

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,812,000

  Mixed-Use / Specialty

  $1,503,700

  Hospitality / Lodging

  $1,141,660

  Office

  $1,525,520

  Institutional / Educational

  $1,573,800

  Residential Income

  $1,841,340

  Multifamily

  $2,044,720

  Automotive / Energy

  $1,348,970

  Parking / Income-Based Land

  $436,341

  Restaurant / Food Service

  $845,103

  Healthcare / Senior Housing

  $1,511,740

Location Insight

City

Zeeland

County

Ottawa

State

Michigan

Latitude

42.8131

Longitude

-86.0195

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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