Modern Flex Space For
1500 Kooiman Avenue Grand Haven, MI 49417
For Sale
$288,000
COMMERCIAL - Grand Haven, MI
Property Size1,248 SF
Price / SF$230.77
Days on Market336
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 Additional Documents 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 Agency:
RE/MAX Lakeshore
(616) 935-1150
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Added: Aug 26, 2025
Changed: Apr 15
Last Checked: Jul 27 at 10:06PM
MLS# 25043545
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.
Kooiman Place is a modern, flexible development designed for entrepreneurs, small business owners, and professionals. These units, currently under development, 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, Anderson sliding doors and windows, and versatile layouts. Each unit includes a 14' x 16' insulated overhead door with an additional 3' entry door, suitable for studios, workshops, service businesses, or professional offices. Generous allowances for finishes and multiple upgrade options allow customization. Located near shopping, restaurants, Duncan Woods, and minutes from Lake Michigan, downtown Grand Haven, and public beach access, Kooiman Place offers convenience for business operations and client accessibility.
Key Highlights
- Flexible commercial spaces available in 1,248 sq ft and 1,728 sq ft options.
- Prime location near shopping, restaurants, Duncan Woods, Lake Michigan, downtown Grand Haven, and public beach access.
- Mezzanine options are available for added office or storage space.
Financial Insights For Industrial
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 | $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 Uses
Best Use
Industrial
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 6.39%
Second Best
Office B
$196.4K
$171.9K – $229.1K
NOI $13,748 @ 7.0% cap · market cap 4.77%
Theoretical Best
Multifamily LT 5
$15.52M
$13.58M – $18.11M
NOI $1,086,345 @ 7.0% cap · market cap 377.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial spaces near Lake Michigan and downtown Grand Haven.
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 $288,000.
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.; Prime location near shopping, restaurants, Duncan Woods, Lake Michigan, downtown Grand Haven, and public beach access.; Mezzanine options are available for added office or storage space.
