321 Settlers Road, Holland, MI 49423 (MLS# 24037593)

321 Settlers Road, Holland, MI 49423

$2,800,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/24037593

Property Type: Commercial Sale Square Footage: 21,890 Lot Size (sq. ft.): 103,237 Status: Sold

Current Price: $3,250,000 List Date: 7/22/2024 Last Modified: 4/15/2025

Description

321 Settlers Rd. - First time offering for sale, this property is a signature building along the US-31 corridor in Holland. This prominent location has premium exposure and convenient access from anywhere in the lakeshore area. Located between 8th & 16th Streets on the east side of US-31 in the city of Holland. The property is a fully leased investment opportunity featuring three quality tenant's that have been longstanding businesses in the community. Cunningham Dalman PC, Wells Fargo Advisors & Lighthouse Title Group occupy the entirety of the building.

More Information MLS# 24037593

Location Property Info

County: Ottawa Street #: 321 Street Name: Settlers Suffix: Road State: MI Zip Code: 49423 Zip (4): 3778 Area: Holland/Saugatuck - H

OfficeContract Info

Status: Sold Current Price: $2,800,000 List Price: $3,250,000 Listing Date: 2024-07-22

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 2.37 Lot Square Footage: 103237 Lot Dimensions: 264 x 300 Year Built: 1986 Road Frontage: 264 Year Remodeled: 2018 Total # Units: 3 # Fin Bldg Lvls: 2 # of Diff Unit Floor Plans: 1 Total # Bldgs: 1 Total SqFt: 21890 Total Net SqFt: 21890 Property Use Type: Business Full Baths: 6 Waterfront: No School District: Holland

Tax Info

Tax ID #: 70-16-28-477-015 Taxable Value: 834589 SEV: 1029900 For Tax Year: 2023 Seller's Annual Property Tax: 47452.22 Tax Year: 2023 Spec Assessment & Type: None Non-Conforming Use: No Zoning: CMU

Remarks Misc

Directions: 8th Street to Settlers, north to address

Status Change Info

Under Contract Date: 2025-03-17 Sold Date: 2025-04-15 Sold Price: $2,800,000 Sold Price/SqFt: 127.91

Additional Details

Total Parking Spaces: 88 Passenger Elevators: 1 Ceiling Height: 8 Power/Voltage: 240

Income and Expenses

Net Operating Income: 240000

Unit 1

Occupied: Yes

Property Features

Property Use: Investment Uses: Professional/Office Business Includes: Non-Applicable Construction Type: Block; Steel Exterior Material: Metal Siding Roofing: Rubber Below Grade: Partial Additional Features: Barrier Free; Fire Sprinkler Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water; Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None

Documents

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Listing Office: Lakeshore Commercial Real Estate

Listing Agent: Jason DeWitt

Last Updated: April - 15 - 2025

321 Settlers Road, Holland, MI 49423- MLS# 24037593

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