12429 Ransom Street, Holland, MI 49424 (MLS# 22016503)

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: 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.