Flex Space with Mezzanine
For Sale
$359,900
1500 Kooiman Ave #3, Grand Haven, MI 49417
Under-development commercial units combine adaptable work areas with storage-oriented features and customizable finishes.
Property Size1,248 SF
Price / SF$288.38
Days on Market407
Property Features for 1500 Kooiman Ave #3
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Office
Zoning
Condominium
Amenities
Power
Water
Sewer
Listing Agency:
Remax Lakeshore
Listed By:
Sandi Gentry · License #6506045021
(616) 638-3900
Source:
Carwm.resimplifi
Added: Aug 26, 2025
Changed: Oct 4
Last Checked: Oct 5 at 3:04PM
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 Remax Lakeshore
Investment Insights
Based on property information with market context.
Kooiman Place is an under-development flex-space project at 1500 Kooiman Ave Unit 3 in Grand Haven, Michigan. Commercial units are planned in 1,248-square-foot and 1,728-square-foot configurations, with layouts that can accommodate workspace and storage within the same premises. Mezzanine options provide additional office or storage area, while Anderson sliding doors and windows bring natural light into the units.
Each space includes a Schlage smart entry system, a 14' x 16' insulated overhead door, and a separate 3' entry door. Finish allowances and upgrade choices support customization, and the layouts are described as suitable for studios, workshops, service businesses, and professional offices. The project has a 2026 year built designation.
Each space includes a Schlage smart entry system, a 14' x 16' insulated overhead door, and a separate 3' entry door. Finish allowances and upgrade choices support customization, and the layouts are described as suitable for studios, workshops, service businesses, and professional offices. The project has a 2026 year built designation.
Key Highlights
- Commercial spaces offered in 1,248 sq ft and 1,728 sq ft options
- 14' x 16' insulated overhead door plus an additional 3' entry door
- Mezzanine options add office or storage capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,011
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,220
$420.2K
Cap Rate 7%
$300,157
$300.2K
Cap Rate 9%
$233,456
$233.5K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$27.0K $21.60/SF
− Vacancy
−$2.2K −$1.79/SF
EGI
$24.7K $19.81/SF
− OpEx
−$3.7K −$2.97/SF
NOI
$21.0K $16.84/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,220
Cap Rate 7%
$300,157
Cap Rate 9%
$233,456
Alternative Uses
Best Use
Warehouse
$300.2K
$262.6K – $350.2K
NOI $21,011 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 5.12%
Theoretical Best
Multifamily LT 5
$15.52M
$13.58M – $18.11M
NOI $1,086,345 @ 7.0% cap · market cap 301.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Under-development commercial units combine adaptable work areas with storage-oriented features and customizable finishes.
Where is this flex space located?
The property is located at 1500 Kooiman Ave #3 Grand Haven, MI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Commercial spaces offered in 1,248 sq ft and 1,728 sq ft options; 14' x 16' insulated overhead door plus an additional 3' entry door; Mezzanine options add office or storage capacity
