Holland, MI - VAN RAALTE SQUARE

Retail-Commercial for Sale
Catylist Listing ID: 30513521
Property Subtypes: Street Retail, Vehicle Related
Building Size (RSF): 5,425 SF
Sale Price: $326,000
Unit Price: $60.09 PSF
Property Use Type: Investment, Business
Building Name: Van Raalte Square
Usable Size (USF): 5,425 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2019

Overview / Comments

Van Raalte Square anchored by a new concept Pizza Hut and a ProFireworks store is located at the southwest corner of Washington Avenue and 40th Street in Holland, MI. The Average Daily Traffic counts are approx. 23,000 vehicles at the intersection of Washington Ave. & 40th St. Ingress/egress is safe and easy from both of these long-reaching traffic arteries. Van Raalte Square is in a populated area with positive growth projections. Within a ten (10) minute drive of the site there are approx. 30,762 households with a population base of 97,219. The trade area extends south all the way to South Haven (see map). The adjacent property with Resurrection Life Church, Dollar General and Biggby has cross-over and parking with Van Raalte Square. O'Reilly Auto Parts store will soon become part of the tenant mix.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: Allegan County
Tax ID/APN: 53-02-06-400-051
Zoning: C-2
Retail Clientele: Business
Property Visibility: Good
Site Description: Retail traffic generators, namely a Dollar General store and Resurrection Life Church that conducts Sunday services in English and Spanish. Biggby Coffee shop on the SWC of Washington Ave. and 40th Street.
Area Description: Van Raalte Square is located on the southwest corner of Washington Avenue and West 40th Street. The building is highly visible and the shopping center has safe and easy ingress / egress from Washington Avenue and West 40th Street.
Tenancy: Multiple Tenants
Property Condition: Good
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,525 42,503 85,430
Median Age: 38.74 36.54 37.32
Households: 3,866 15,864 31,295
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.