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693 E Lakewood Blvd
Holland, MI 49424
Retail Property For Sale
EXECUTIVE SUMMARY
The property is located at 639 E. Lakewood Blvd. Holland, MI, is a 8,150 SF retail/warehouse building situated on 0.96 acres of land. The property sits just east US-31 and north of Business I-196/Chicago Drive. The building is in a great location and features a layout that works for a number of users who need a showroom and warehouse. The building is currently occupied by CareLinc Medical Equipment, a national tenant with over 45 locations, who is in the process of signing a 5-year lease agreement, making this a stable investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
1998
Price
$1,100,496 CAD
Price Per SF
$104.81 CAD
Cap Rate
7.26%
NOI
$79,841 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.96 AC
Zoning
C-2
Parking
32 Spaces (3.05 Spaces per 1,000 SF Leased)
Frontage
59’ on Lakewood Blvd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 70-16-21-290-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $463,471 CAD |
PROPERTY TAXES
Parcel Number
70-16-21-290-009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$463,471 CAD
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