118 Washington Avenue Grand Haven, MI 49417
COMMERCIAL - Grand Haven, MI
Property Features for 118 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1, Basement
- Standard status
- Pending
- APN
- 70-03-20-408-008
- Size
- 2,599 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- THE W 16 1/2 FT LOT 137 EXC THE S 7 FT, ALSO THAT PART OF LOT 124 COM NE COR OF LOT 124, TH S 66 FT ALG E LI OF SD LOT,
- Tax Annual Amount
- 6852
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1908
- Number of units
- 1
- Building materials
- Brick
Listing agent David Ten Cate License #6502325769 (616) 847-1031
Listing office Capstone Real Estate LLC PO Box 261, Grand Haven, MI (616) 847-1031
Listing date May 14, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on Washington Avenue in downtown Grand Haven
- Includes established business, The Paper Place
- Second floor with apartment conversion potential: full restroom, laundry hookups, and three newer skylights
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $15.48 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $38.5k | $14.83 |
| − OpEx | −$11.6k | −$4.45 |
| NOI | $27.0k | $10.38 |
