Modern Flex Space For
1500 Kooiman Street, Grand Haven, MI 49417
COMMERCIAL - Grand Haven, MI
Property size:
1,248 SFPrice / SF:
$230/SF- Added:
- Aug 26, 2025
- Days on Market:
- 264
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 1500 Kooiman Street
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 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# 25050692
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.
- Prime location near shopping, restaurants, Duncan Woods, Lake Michigan, downtown Grand Haven, and public beach access.
- Customizable with generous allowances for finishes and multiple upgrade options.
- Features Schlage smart entry systems for enhanced security and convenience.
- Includes a 14' x 16' insulated overhead door with an additional 3' entry door.
- Offers mezzanine options for added office or storage space.
Overview
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 are available. 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.
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 6.39%
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Grand Haven
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.223624
- Latitude
- 43.049482
Nearby Similar for Sale
FAQs
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 Street 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.; Customizable with generous allowances for finishes and multiple upgrade options.
