Holland, MI 49423 753 Lincoln Avenue

753 Lincoln Avenue Holland, MI - Image 1753 Lincoln Avenue Holland, MI - Image 2753 Lincoln Avenue Holland, MI - Image 3
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753 Lincoln Avenue Holland, MI - Image 4753 Lincoln Avenue Holland, MI - Image 5753 Lincoln Avenue Holland, MI - Image 6753 Lincoln Avenue Holland, MI - Image 7753 Lincoln Avenue Holland, MI - Image 8753 Lincoln Avenue Holland, MI - Image 9753 Lincoln Avenue Holland, MI - Image 10753 Lincoln Avenue Holland, MI - Image 11753 Lincoln Avenue Holland, MI - Image 12
Presented By: Ron Webb at Coldwell Banker Woodland Schmidt - (616) 396-5221
  • MLS# 23135012
  • 10/18/2024
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  • Baths • 2

Home Details

Solid tenants & good Income producing retail building which includes Dollar General and Estate Warehouse. 2021 Capital improvements of over $60,000 for a new roof over Estate Warehouse of 10,000 plus sq.ft, New interior furnaces in warehouse / storage area, new A/C condenser & new water heater in Dollar General. Dollar General has been a long term tenant for 20 plus years and just renewed their 3 year option & has over 5 1/2 years remaining with another 3 year option remaining. Dollar General did an interior remodel this spring. Estate warehouse is in its 3rd year and is renewing for another 3 years. Great busy corner with good traffic counts for retail & great tenants to work with. Dollar General pays a NNN lease with prorations for property taxes and insurance Estate warehouse is in its 3rd year and is renewing for another 3 years. Great busy corner with good traffic counts for retail & great tenants to work with. Dollar General pays a NNN lease with prorations for property taxes and insurance. Estate Warehouse pay for their utilities & their portion of snow plowing.
Presented By: Ron Webb at Coldwell Banker Woodland Schmidt - (616) 396-5221

Interior Features for 753 Lincoln Avenue

Bathrooms

Total Baths2

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Heating Y/NYes
Total Stories1

General for 753 Lincoln Avenue

Additional Parcels Y/NNo
Building FeaturesUtil Sep Mt, Multi User Facility
Business TypeOther, Distribution, Storage, Retail
CityHolland
Construction MaterialsBlock, Brick
CoolingCentral Air
CountyOttawa
DirectionsUS-31 to 32nd St, then west to corner of Lincoln & 32nd.
Electric On Property Y/NNo
Full Baths2
Gross Income111963.96
HeatingForced Air
High School DistrictHolland
Insurance Expense3210.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionS 233 FT OF SW 1/4 OF SW 1/4 LYING W OF C&O RR R/W, EXC W 33 FT FOR ST. SEC 33 T5N R15W
Lot Size Square Feet48918.0
Lot Size UnitsAcres
MLS AreaHolland/Saugatuck - H
MLS Area MinorHolland/Saugatuck - H
MaintenanceExpense3756.72
MobileHomeRemainsYNNo
ModificationTimestamp2024-10-18T18:19:49Z
Net Operating Income81345.68
New ConstructionNo
NumberOfUnitsTotal2
Occupancy TypeTenant
Operating Expense30618.28
Ownership TypePartnership, LLC
Property SubTypeRetail
Property TypeCommercial Sale
Rent Control Y/NNo
RoofRubber
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount22579.16
Tax Assessed Value378300
Tax Year2022
Tenant PaysBuilding Insurance, Common Area Maintenance, Electricity, Gas, Janitorial Service, Sewer, Trash Collection, Water
TermsConventional, Cash
TownshipHolland City
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available, Broadband
Virtual TourClick here
Waterfront Y/NNo
Year Built1968

Exterior for 753 Lincoln Avenue

Building Area Total21379.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsNon-Applicable
Irrigation Water Rights Y/NNo
Lot Dimensions235 x 500
Lot Size Acres1.12
Lot Size Area1.12
Number of Buildings1
Open Parking Y/NNo
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Traci Gaddis

Price $995,900
MLS#23135012
List Date 10/18/2024
Property Type Commercial
Phone
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