$2,800,000
Holland, MI 49423
MLS# 24037593
Status: Sold
21890 sqft
1 / 12
Property 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.
Details
Maps
Documents
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
Flyer Listing Office: Lakeshore Commercial Real Estate
Listing Agent: Jason DeWitt
Last Updated: April - 15 - 2025
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