300 Washington #9-11 Grand Haven, MI 49417
Three renovated commercial units in a landmark building for sale.
Property Features for 300 Washington #9-11
General Information
- Standard status
- Active
- Size
- 5,566 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing office Capstone Real Estate LLC (616) 847-1031
Listing date Apr 24, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Grand Haven location, just 3 blocks from the waterfront.
- Three fully renovated commercial units with new mechanical systems and finishes.
- Totaling 5,566 SF with a combination of private offices, conference rooms, open workspace, and kitchen/breakrooms.
Local Financial Insights For Retail
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 | $86.2k | $15.48 |
| − Vacancy | −$3.6k | −$0.65 |
| EGI | $82.5k | $14.83 |
| − OpEx | −$24.8k | −$4.45 |
| NOI | $57.8k | $10.38 |
