18 N 5th Street Grand Haven, MI 49417
COMMERCIAL - Grand Haven, MI
Property Features for 18 N 5th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3, Basement
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-03-21-351-008
- Size
- 11,584 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 1 BLK 11 AKELEY'S ADD ALSO PART OF LOTS 1 THRU 3 BLK 17 MONROE & HARRIS ADD COM W 1/4 COR, TH S 0D 34M 17S W 1022.9
- Tax Annual Amount
- 21702
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Rubber, Composition
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 Jan 20, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- Historic 1937 fire barn with artfully maintained original architecture, renovated in 2024.
- Premier downtown corner lot location overlooking Central Park, blocks from the waterfront, offering easy access and excellent visibility.
- 11,584 SF building with a refurbished 3,500 SF bi‑level office space including 8 offices, conference room, open gathering area, full kitchen with original brickwork and hose tower.
Local Financial Insights For Office B
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 | $197.4k | $17.04 |
| − Vacancy | −$27.2k | −$2.35 |
| EGI | $170.2k | $14.69 |
| − OpEx | −$42.5k | −$3.67 |
| NOI | $127.6k | $11.02 |
