321 Settlers Road, Holland, MI 49423 (MLS# 24037593)

321 Settlers Road, Holland, MI 49423

$2,800,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/24037593

Property Type: Commercial Sale Square Footage: 21,890 Lot Size (sq. ft.): 103,237 Status: Sold

Current Price: $3,250,000 List Date: 7/22/2024 Last Modified: 4/15/2025

Overview

Description

321 Settlers Rd. - First time offering for sale, this property is a signature building along the US-31 corridor in Holland. This prominent location has premium exposure and convenient access from anywhere in the lakeshore area. Located between 8th & 16th Streets on the east side of US-31 in the city of Holland. The property is a fully leased investment opportunity featuring three quality tenant's that have been longstanding businesses in the community. Cunningham Dalman PC, Wells Fargo Advisors & Lighthouse Title Group occupy the entirety of the building.

Listing Details MLS# 24037593

Location Property Info

County: Ottawa
Street #: 321
Street Name: Settlers
Suffix: Road
State: MI
Zip Code: 49423
Zip (4): 3778

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.37
Lot Square Footage: 103237
Lot Dimensions: 264 x 300
Year Built: 1986
Road Frontage: 264
Year Remodeled: 2018
Total # Units: 3
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
Total SqFt: 21890
Total Net SqFt: 21890
Property Use Type: Business
Full Baths: 6
Waterfront: No
School District: Holland

Tax Info

Tax ID #: 70-16-28-477-015
Taxable Value: 834589
SEV: 1029900
For Tax Year: 2023
Seller's Annual Property Tax: 47452.22
Tax Year: 2023
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: CMU
Homestead %: 0

Remarks Misc

Directions: 8th Street to Settlers, north to address

Status Change Info

Under Contract Date: 2025-03-17
Sold Date: 2025-04-15
Sold Price/SqFt: 127.91

More Information

Additional Details

Total Parking Spaces: 88
Passenger Elevators: Yes
Ceiling Height: 8
Power/Voltage: 240

Income and Expenses

Net Operating Income: 240000

Unit 1

Occupied: Yes

Location & Property Info

Cross Streets: 8th Street, 16th Street
Property Sub-Type: Office
Area: Holland/Saugatuck - H
Municipality: Holland City
Ownership Type: Corporate Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 148.47
Prop Avail for Lease?: No
Current Bldg Use: 3-5 Year Lease

Remarks & Misc

Legal: LOTS 229, 230, 240, & 241. WAVERLY HEIGHTS SUB SEC 28 T5N R15W 16-28-477-013 2/88, LOTS 223 TH7RU 228 & LOTS 242 THRU 2

Street Type

Paved: Yes
Public: Yes

Property Use

Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional/Office: Yes

Construction Type

Block: Yes
Steel: Yes

Exterior Material

Metal Siding: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Below Grade

Partial: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Non-Applicable: Yes

Additional Features

Barrier Free: Yes
Fire Sprinkler: Yes

Util Avail at St

Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes

Tenant Pays All

Building Insurance: Yes
Common Area Maintena: Yes
Electric: Yes
Gas: Yes
Janitorial: Yes
Management Fee: Yes
Prop Taxes/Assess: Yes
Sewer: Yes
Trash: Yes
Water: Yes
Other: Yes

Driveway

Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Property Features

Property Use: Investment Uses: Professional/Office Business Includes: Non-Applicable Construction Type: Block; Steel Exterior Material: Metal Siding Roofing: Rubber Below Grade: Partial Additional Features: Barrier Free; Fire Sprinkler Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water; Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None

Documents

Flyer ›

Listing Office: Lakeshore Commercial Real Estate

Listing Agent: Jason DeWitt

Last Updated: April - 15 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.