Modern Flex Space For
1500 Kooiman Avenue, Grand Haven, MI 49417
COMMERCIAL - Grand Haven, MI
Property size:
1,248 SFPrice / SF:
$221/SF- Added:
- Aug 26, 2025
- Days on Market:
- 264
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 1500 Kooiman Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-03-28-301-019
- Size
- 1,248 SF
Taxes and HOA fees
- Tax Description
- See attached
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Block, Metal Siding
Listing agent Sandi L Gentry License #6502359178 (616) 638-3900
Listing office RE/MAX Lakeshore 133 Washington Avenue, Holland, MI (616) 935-1150
Listing date Aug 26, 2025
MLS# 25043895
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.
HighLights
- Flexible commercial spaces available in 1,248 sq ft and 1,728 sq ft options.
- Under construction, allowing for customization with generous allowances for finishes and multiple upgrade options.
- Features a 14' x 16' insulated overhead door with a 3' entry door.
- Mezzanine options available for added office or storage space.
- Equipped with Schlage smart entry systems for enhanced security.
- Anderson sliding doors and windows provide ample natural light.
Overview
Kooiman Place is a modern, flexible development designed to meet the needs of entrepreneurs, small business owners, and professionals. Currently under development, these innovative units offer a blend of workspace and storage. Commercial spaces are available in 1,248 sq ft and 1,728 sq ft options. Features include Schlage smart entry systems, mezzanine options for added office or storage space, Anderson sliding doors and windows for natural light, and versatile layouts. Each unit also includes a 14' x 16' insulated overhead door with an additional 3' entry door, making them suitable for studios, workshops, service businesses, or professional offices. Generous allowances for finishes and multiple upgrade options allow customization. The property is located in Grand Haven, MI 49417, Ottawa County.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$204.6K
NOI $18,417 @ 9.00% cap · cautious / downside scenario
Moderate
$263.1K
NOI $18,417 @ 7.00% cap · market / base-case scenario
Aggressive
$368.3K
NOI $18,417 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $21.60 |
| − Vacancy | −$647 | −$0.52 |
| EGI | $26.3k | $21.08 |
| − OpEx | −$7.9k | −$6.32 |
| NOI | $18.4k | $14.76 |
1,248 SF · lease $21.60/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 6.67%
Second Best
Office B
$196.4K
$171.9K – $229.1K
NOI $13,748 @ 7.0% cap · market cap 4.98%
Theoretical Best
Multifamily LT 5
$15.52M
$13.58M – $18.11M
NOI $1,086,345 @ 7.0% cap · market cap 393.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Grand Haven
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.223721
- Latitude
- 43.049326
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Modern, flexible commercial spaces designed for entrepreneurs and small businesses.
Where is this flex space located?
The property is located at 1500 Kooiman Avenue Grand Haven, MI.
What is the asking price?
The asking price for this property is $276,000.
What are key features of this property?
This property features: Flexible commercial spaces available in 1,248 sq ft and 1,728 sq ft options.; Under construction, allowing for customization with generous allowances for finishes and multiple upgrade options.; Features a 14' x 16' insulated overhead door with a 3' entry door.
