$1,700,000
$1,750,000
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20,250 SqFt
SOLD DATE : 07/15/2022
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 20,250 sqft
Price per Sqft $83
MLS Listing ID 71022016503
Sold Date 07/15/22
Originating Board West Michigan Lakeshore Association of REALTORS
Year Built 2018
Annual Tax Amount $41,624
Lot Size 10.250 Acres
Acres 10.25
Lot Dimensions 1385 x 329
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.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.
Location
State MI
County Ottawa
Area Holland Twp
Direction North on US31 in Holland to Ransom St, east to property on north side of road, just past Griff's Ice House
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Utilities Available Fire Sprinkler
Roof Type Metal
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water 3rd Party Unknown, Public (Municipal), Water at Street
Structure Type Metal Siding,Steel
Schools
School District West Ottawa
Others
Tax ID 701604100008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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