176 E Lakewood Blvd

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30378101
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 7,672 SF
Gross Land Area: 1.18 Acres
Sale Price: $949,000
Unit Price: $123.70 PSF
Ceiling: 16 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,672 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

The property located at 176 E Lakewood Blvd. enjoys visibility like no other location in the City of Holland. Situated on a bend in Lakewood Blvd. those heading West feel as though they are going to drive right in the front door. The signage and exposure of this site is second to none.
There is ample acreage for outdoor sales activity such as boats, cars, motorhomes, or other services requiring an outdoor sales lot. The value of this real estate extends well beyond the four walls and the roof.
The facility was totally remodeled in recent years and is in tiptop condition. There is an excessive amount of HVAC capabilities here as this was formerly a nightclub and has the cooling capacity for that sort of use. There is also ample power in the building offering a wide variety of alternative uses.
This was formerly used as a primary location for the Lead Foot Auto Group and as such was set up for vehicle, boat or capital equipment sales.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $10,012 (Annual)
Assessed Value - Total($) $274,100 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: Holland Charter Township
Tax ID/APN: 70-16-20-275-029
Zoning: C-2: COMMUNITY COMMERCIAL
Retail Clientele: General
Property Located Between: Beeline Rd and US-31
Property Visibility: Excellent
Largest Nearby Street: US-31
Feet of Frontage: 556
Traffic/Vehicle Count: 24,787
Highway Access: 0.77 Miles to US-31
Airports: Gerald R. Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,672 SF
Property Condition: Good
Year Built: 1946
Year Renovated: 2015
Construction/Siding: Block, Concrete, Steel Frame
Parking Type: Surface
Parking Description: Ample on site parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,546 66,088 93,851
Median Age: 37.96 35.28 36.15
Households: 3,099 23,854 33,944
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.