$1,700,000
Holland, MI 49424
MLS# 22016503
Status: Sold
20250 sqft
1 / 25
Property Description
Investment opportunity for this 20,250sf building on over 10 acres of land on Holland's north side. Building is currently leased and setup as gymnasium that current tenant uses for basketball, volleyball, and pickle ball. Current tenant pays $154,500/year, has 2 more years on current lease (3% increase/year), and has (2) 2 year options with 3% increase/year . Seller pays property taxes, $386/month for property insurance, and is responsible for exterior building maintenance. Tenant pays all utilities, interior maintenance, snow removal/lawn care, and liability insurance. Building and parking lot sit on approximately 3 acres, additional acres have rented to farmers in past; so plenty of room for future expansion of building and/or creating outdoor.
Details
Maps
Documents
Location Property Info
County: Ottawa
Street #: 12429
Street Name: Ransom
Suffix: Street
State: MI
Zip Code: 49424
Area: Holland/Saugatuck - H
OfficeContract Info
Status: Sold
Current Price: $1,700,000
List Price: $1,750,000
Listing Date: 2022-05-06
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 10.25
Lot Square Footage: 446359
Lot Dimensions: 1385 x 329
Year Built: 2018
Road Frontage: 329
Mineral Rights: Unknown
Total # Units: 1
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 20250
Full Baths: 2
Waterfront: No
School District: West Ottawa
Tax Info
Tax ID #: 701604100008
Taxable Value: 853890
SEV: 1002200
For Tax Year: 2021
Seller's Annual Property Tax: 41624
Tax Year: 2021
Spec Assessment & Type: Water & Sewer
Remarks Misc
Directions: North on US31 in Holland to Ransom St, east to property on north side of road, just past Griff's Ice House
Status Change Info
Under Contract Date: 2022-05-12
Sold Date: 2022-07-15
Sold Price: $1,700,000
Sold Price/SqFt: 83.95
Property Features
Uses: Other
Ownership: LLC
Business Includes: Equipment
Construction Type: Steel
Exterior Material: Metal Siding
Roofing: Metal
Additional Features: Fire Sprinkler
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at St: Electricity Available; Natural Gas Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Supplements
and/or creating outdoor soccer/lacrosse/beach volley ball/etc fields. Current tenant has interest in expansion if buyer is willing. Buyer to take over water/sewer assessment. See video attached in photos section.
GIS Map Listing Office: RE/MAX Lakeshore
Listing Agent: Jeffrey Overway
Last Updated: June - 27 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
