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753 Lincoln Avenue

Holland, MI 49423
  • $1,150,000
  • STATUS: Active
  • ON SITE: 272 Days
  • MLS #: 22037783
UPDATED: 53 min ago
$1,150,000
  • 0
    BEDS
  • 1.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 21,379
    SQFT
  • $54
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

School District:

Description

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.

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© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-06-01T08:18:47.48.
www.grandrapidsmihomesforsale.com/homes/132661400
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753 Lincoln Avenue Holland, MI 49423

  • Price: $1,150,000
  • Status: Active
  • On Site: 272 Days
  • Updated: 53 min ago
  • MLS #: 22037783
0
Beds
2
Baths
0
½ Baths
1.12
Acres
21,379
SQFT
$54
$/SQFT
1968
Built
Neighborhood:
Holland City
County:
Ottawa
Area:
Holland
School District:
Holland
Property Description
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.
Exterior Features

Construction Materials BrickBlock Driveway Paved YN Yes Roof Rubber Waterfront YN No

Interior Features

Building Features Util Sep MtMulti User Facility Cooling Central Air Cooling YN Yes Heating Natural GasForced Air Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Type DistributionStorageRetail Cross Street Lincoln And 32nd Street Documents Available [] Gross Income 111963.96 Inclusions "Non-Applicable": True Insurance Expense 3210 Lease Considered YN No Listing Terms ConventionalCash Maintenance Expense 3756.72 Manager Expense 0 Net Operating Income 81345.68 New Construction YN No Operating Expense 30618.28 Property Sub Type Retail/Commercial Tax Annual Amount 22746 Tax Year 2021 Tenant Pays Building InsuranceCommon Area MaintenanceElectricityGasJanitorial ServiceSewerTrash CollectionWater Utilities Public WaterPublic SewerCable ConnectedBroadband Water Source Public

Listing provided courtesy of Ron Webb of Coldwell Banker Woodland Schmidt: 616-396-5221. © 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-06-01T08:18:47.48.
 
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JH Realty Partners
545 Ada Drive
Ada MI, 49301