12429 Ransom Street, Holland, MI 49424 (MLS# 22016503)
12429 Ransom Street, Holland, MI 49424
$1,700,000
Property Type:
Commercial Sale
Square Footage:
20,250
Lot Size (sq. ft.):
446,359
Status:
Sold
Current Price:
$1,750,000
List Date:
5/06/2022
Last Modified:
6/27/2025
Overview
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.
Supplements:
Listing Details MLS# 22016503
Location Property Info
- County
- Ottawa
- Street #
- 12429
- Street Name
- Ransom
- Suffix
- Street
- State
- MI
- Zip Code
- 49424
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
- Yes
- # Fin Bldg Lvls
- Yes
- Total # Bldgs
- Yes
- 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
- Homestead %
- 0
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/SqFt
- 83.95
More Information
Location & Property Info
- Cross Streets
- US-31 and 120th
- Property Sub-Type
- Business Opportunity
- Area
- Holland/Saugatuck - H
- Municipality
- Holland Twp
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 86.42
- Prop Avail for Lease?
- No
- Current Bldg Use
- Gymnasium
Remarks & Misc
- Legal
- E 10 ACRES OF SE 1/4 OF NW FRL 1/4 SEC 4 T5N R15W 10 A
Street Type
- Paved
- Yes
Utilities Attached
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Other
- Yes
Construction Type
- Steel
- Yes
Exterior Material
- Metal Siding
- Yes
Roofing
- Metal
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- LLC
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Equipment
- Yes
Additional Features
- Fire Sprinkler
- Yes
Util Avail at St
- Electricity Available
- Yes
- Natural Gas Available
- Yes
Driveway
- Paved
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
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
Documents
GIS Map ›
Listing Office:
RE/MAX Lakeshore
Listing Agent:
Jeffrey Overway
Last Updated: June - 27 - 2025
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