12429 Ransom Street, Holland, MI 49424 (MLS# 22016503)

12429 Ransom Street, Holland, MI 49424

$1,700,000

Virtual Tour

https://www.youtube.com/watch?v=iryI6ci_Juo

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/22016503

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

GIS Map ›

Listing Office: RE/MAX Lakeshore

Listing Agent: Jeffrey Overway

Last Updated: June - 27 - 2025

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