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: $1,700,000 List Date: 5/06/2022 Last Modified: 6/27/2025

Overview

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.

Listing Details MLS# 22016503

Location Property Info

County
Ottawa
Street #
12429
Street Name
Ransom
Suffix
Street
State
MI
Zip Code
49424

General Property Info

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

Tax Info

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

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

Status Change Info

Under Contract Date
2022-05-12
Sold Date
2022-07-15
Sold Price/SqFt
83.95

More Information

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

IDX
Listing Office: RE/MAX Lakeshore
Listing Agent: Jeffrey Overway
Source MLS Verified
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.