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

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: 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.

More Information MLS# 22016503

Location & Property Info

Cross Streets: US-31 and 120th Property Sub-Type: Business Opportunity 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

General Property Info

New Construction: No Lot Dimensions: 1385 x 329 Road Frontage: 329 Mineral Rights: Unknown Waterfront: No Total # Units: 1 Total # Bldgs: 1 # Fin Bldg Lvls: 1 Total SqFt: 20250 School District: West Ottawa Lot Measurement: Acres Lot Acres: 10.25 Lot Square Footage: 446359 Year Built: 2018 Full Baths: 2

Tax Info

Taxable Value: 853890 SEV: 1002200 For Tax Year: 2021 Seller's Annual Property Tax: 41624 Tax Year: 2021 Homestead %: 0 Spec Assessment & Type: Water & Sewer Tax ID #: 701604100008

Remarks & Misc

Legal: E 10 ACRES OF SE 1/4 OF NW FRL 1/4 SEC 4 T5N R15W 10 A

Status Change Info

Sold Price/SqFt: 83.95 Under Contract Date: 2022-05-12 Sold Date: 2022-07-15 Sold Price: $1,700,000

Street Type

Paved: 1

Utilities Attached

Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Other: 1

Construction Type

Steel: 1

Exterior Material

Metal Siding: 1

Roofing

Metal: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

LLC: 1

Heat Type

Forced Air: 1

Air Conditioning

Central Air: 1

Business Includes

Equipment: 1

Additional Features

Fire Sprinkler: 1

Util Avail at St

Electricity Available: 1 Natural Gas Available: 1

Driveway

Paved: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Location Property Info

County: Ottawa Street #: 12429 Street Name: Ransom Suffix: Street State: MI Zip Code: 49424 Area: Holland/Saugatuck - H

OfficeContract Info

Status: Sold Current Price: $1,700,000 List Price: $1,750,000 Listing Date: 2022-05-06

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

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

Listing Office: RE/MAX Lakeshore
Listing Agent: Jeffrey Overway
IDX
Last Updated: June - 27 - 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.