Mixed-Use Building with
New
For Sale
$699,900
1437 Washington Ave, Grand Haven, MI 49417
Retail frontage, an upstairs apartment, rear warehouse space, and a temperature-controlled basement support a varied property layout.
Property Size7,000 SF
Lot Size0.43 Acres
Price / SF$99.99
Days on Market3
Property Features for 1437 Washington Ave
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.43 Acres
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
3,500 SF
Drive-In Doors
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,900
Building Details
Year Built
1985
Buildings
1
Units
1
Building Size
7,000 SF
Listing Agency:
Capstone Real Estate LLC
Listed By:
David Ten Cate · License #6502325769
(616) 847-1031
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:11PM
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 Capstone Real Estate LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines retail, residential, and warehouse areas in one building. The approximately 2,500 SF retail space retains a tin ceiling, hardwood flooring, exposed brick, and a structural beam. Above it, a 1,000 SF apartment has two bedrooms, a full bath, living area, kitchen, and separately metered utilities. The rear warehouse measures approximately 3,500 SF and includes a drive-in door and alley access. A dry, temperature-controlled basement provides additional storage. The business assets are excluded from the offering.
The building totals approximately 7,000 SF on a 0.43-acre parcel made up of three city lots, with approximately 150 feet of Washington Avenue frontage. Two access drives serve the property. Restaurants, breweries, distilleries, coffee shops, retail, office, and light industrial uses are present in the Beechtree corridor.
The building totals approximately 7,000 SF on a 0.43-acre parcel made up of three city lots, with approximately 150 feet of Washington Avenue frontage. Two access drives serve the property. Restaurants, breweries, distilleries, coffee shops, retail, office, and light industrial uses are present in the Beechtree corridor.
Key Highlights
- Approximately 7,000 SF building on a 0.43‑acre parcel comprising three city lots
- Approximately 150 feet of Washington Avenue frontage and two access drives
- Approximately 2,500 SF retail area with tin ceiling, hardwood floors, exposed brick, and a structural beam
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,463
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,260
$1.2M
Cap Rate 7%
$863,757
$863.8K
Cap Rate 9%
$671,811
$671.8K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$102.5K $14.64/SF
− Vacancy
−$5.7K −$0.82/SF
EGI
$96.7K $13.82/SF
− OpEx
−$36.3K −$5.18/SF
NOI
$60.5K $8.64/SF
Area
Ottawa County, MI
Vacancy
5.60%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,260
Cap Rate 7%
$863,757
Cap Rate 9%
$671,811
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,853 @ 7.0% cap · market cap 16.84%
Second Best
Retail
$1.04M
$908.3K – $1.21M
NOI $72,666 @ 7.0% cap · market cap 10.38%
Theoretical Best
Multifamily LT 5
$87.05M
$76.17M – $101.55M
NOI $6,093,283 @ 7.0% cap · market cap 870.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 49417, MI
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
691
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail frontage, an upstairs apartment, rear warehouse space, and a temperature-controlled basement support a varied property layout.
Where is this mixed-use property located?
The property is located at 1437 Washington Ave Grand Haven, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 7,000 SF building on a 0.43‑acre parcel comprising three city lots; Approximately 150 feet of Washington Avenue frontage and two access drives; Approximately 2,500 SF retail area with tin ceiling, hardwood floors, exposed brick, and a structural beam
