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Shopping Center for Sale - Holland, MI - Availability Details

218 N River Ave , Holland, MI 49424

  • For Sale $2,300,000
  • Property Type Retail
  • Year Built 1961
  • Year Renovated 2012
  • Date Updated Oct 18, 2021

Lakewood Plaza is a retail center located at 218 N River Ave in Holland, MI. This retail center sits a little over two miles from two major expressways in the area, US-31, and I-196. Built in 1961, renovated in 2012, and sitting on a 2.76-acre parcel this building boasts 33,468 SF of retail space. Among its 33,468 SF are thirteen (13) suites.
On average, daily traffic counts for this property are upwards of 24,493 vehicles. Holland, MI has a median household income of $53,781. Within a five-mile radius of this retail center, the population reaches 98,072 people.

HIGHLIGHTS
• Strong history of high occupancy
• Diversified tenant mix of both national and local tenants
• Strong surrounding tenants: McDonald's, Wendy’s, CVS, and Taco Bell
• High visibility from both Lakewood Blvd and River Ave

INVESTMENT OVERVIEW
Lakewood Plaza offers an investor a great opportunity to own a highly visible, stable, and strong performing retail center. As it currently stands ten (10) of the thirteen (13) suites are occupied accounting for 77% of the total square footage of the building. With a historically high occupancy rate and a value add opportunity by increasing occupancy and raising lease rates, this center presents a fantastic investment opportunity in a solid market.

Existing

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Location

  • City Holland, MI
  • Neighborhood Beechwood
  • Zip Code 49424
  • Market Grand Rapids

Contacts

broker

Drew Durham

Frequently Asked Questions

What year was Shopping Center for Sale - Holland, MI built and finished?

Shopping Center for Sale - Holland, MI was completed in 1961.

Contact Listing Broker

broker

Drew Durham

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