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Modern Flex Space Development

1500 Kooiman Avenue Grand Haven, MI 49417

1500 Kooiman Avenue, Grand Haven, MI, 49417
$331,000
For Sale
Claim this Listing
$331,000

COMMERCIAL - Grand Haven, MI

Property Size1,728 SF
Price / SF$191.55
AddedAug 26, 2025
Days on Market324
Last RefreshJul 15 at 12:06 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
1,728 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 #6506045021

Listing office RE/MAX Lakeshore 133 Washington Avenue, Holland, MI

Listing date Aug 26, 2025

MLS# 25045998

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 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, Anderson sliding doors and windows, and versatile layouts. Each unit 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.

Key Highlights

  • Flexible commercial spaces available in 1,248 sq ft and 1,728 sq ft options.
  • Under construction: Customize the space with generous allowances for finishes and multiple upgrade options.
  • Features include Schlage smart entry systems, mezzanine options, and Anderson sliding doors and windows.

Local 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 $37.3k $21.60
− Vacancy −$896 −$0.52
EGI $36.4k $21.08
− OpEx −$10.9k −$6.32
NOI $25.5k $14.76
1,728 SF · lease $21.60/SF/yr · vacancy 2.40% · expense 30.00%

Alternative Uses

Best Use
Industrial
$364.3K
$318.8K – $425.0K (±1% cap)
NOI $25,500 @ 7.0% cap · market cap 7.70%
Second Best
Office B
$271.9K
$238.0K – $317.3K (±1% cap)
NOI $19,036 @ 7.0% cap · market cap 5.75%
Theoretical Best
Multifamily LT 5
$21.49M
$18.80M – $25.07M (±1% cap)
NOI $1,504,170 @ 7.0% cap · market cap 454.43%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Big Box & Wholesale Store Restaurant Building Supply Auto Repair Shop Auto Parts Store Hair Salon Storage Facility Nail Salon Garden Center Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

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 $331,000.
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: Customize the space with generous allowances for finishes and multiple upgrade options.; Features include Schlage smart entry systems, mezzanine options, and Anderson sliding doors and windows.
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