Flex Warehouse Unit with Overhead
1500 Kooiman Avenue Unit 4 Grand Haven, MI 49417
1500 Kooiman Avenue Unit 4, Grand Haven, MI, 49417
$338,000
For Sale
$338,000
Flexible unit includes a 14' x 16' insulated overhead door, mezzanine options, and smart entry access.
Property Size1,728 SF
Price / SF$195.60
Days on Market445
Property Features for 1500 Kooiman Avenue Unit 4
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- General Commercial
Listing agency
RE/MAX Lakeshore
(616) 935-1150
Listed by
Sandi Gentry · License #6506045021
(616) 935-1150
Source
Xome
Added: May 3, 2025 Updated: Jul 20 at 4:46PM Checked: Jul 21 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Lakeshore
Investment Insights
Based on property information with market context.
Kooiman Place is a modern, flexible development currently under development, offering workspace and storage in the same unit. Commercial spaces are available in 1,248 sq ft and 1,728 sq ft options. Units are designed for adaptable use, with Schlage smart entry systems and Anderson sliding doors and windows intended to support natural light.
Each unit includes a 14' x 16' insulated overhead door plus an additional 3' entry door, which can support workshop, studio, service, and professional office needs. Mezzanine options are available for added office or storage space, and the development includes generous allowances for finishes along with multiple upgrade options to help customize the interior.
Unit 4 is located at 1500 Kooiman Avenue in Grand Haven, Michigan, and the building’s layouts are intended to provide a practical combination of loading access and flexible indoor space.
Each unit includes a 14' x 16' insulated overhead door plus an additional 3' entry door, which can support workshop, studio, service, and professional office needs. Mezzanine options are available for added office or storage space, and the development includes generous allowances for finishes along with multiple upgrade options to help customize the interior.
Unit 4 is located at 1500 Kooiman Avenue in Grand Haven, Michigan, and the building’s layouts are intended to provide a practical combination of loading access and flexible indoor space.
Key Highlights
- Commercial units under development with flexible workspace‑and‑storage layouts
- Available unit sizes: 1,248 sq ft and 1,728 sq ft
- Each unit features a 14' x 16' insulated overhead door plus an additional 3' entry door
Local Financial Insights For Warehouse
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 | −$3.1k | −$1.79 |
| EGI | $34.2k | $19.81 |
| − OpEx | −$5.1k | −$2.97 |
| NOI | $29.1k | $16.84 |
1,728 SF · lease $21.60/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$415.6K
$363.7K – $484.9K
NOI $29,093 @ 7.0% cap · market cap 8.61%
Second Best
Industrial
$364.3K
$318.8K – $425.0K
NOI $25,500 @ 7.0% cap · market cap 7.54%
Theoretical Best
Multifamily LT 5
$21.49M
$18.80M – $25.07M
NOI $1,504,170 @ 7.0% cap · market cap 445.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flexible unit includes a 14' x 16' insulated overhead door, mezzanine options, and smart entry access.
Where is this flex space located?
The property is located at 1500 Kooiman Avenue Unit 4 Grand Haven, MI.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Commercial units under development with flexible workspace‑and‑storage layouts; Available unit sizes: 1,248 sq ft and 1,728 sq ft; Each unit features a 14' x 16' insulated overhead door plus an additional 3' entry door
