Flex Space with Mezzanine
1500 Kooiman Avenue, Grand Haven, MI 49417
For Sale
$331,000
Commercial Sale, Grand Haven, MI
Property Size1,728 SF
Price / SF$191.55
Days on Market438
Property Features for 1500 Kooiman Avenue
General Information
Property type
Property subtype
Property condition
Interior features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Heating system
Cooling system
Amenities
Schlage smart entry systems
mezzanine options
Anderson sliding doors and windows
insulated overhead door
additional 3' entry door
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
RE/MAX Lakeshore · RE/MAX International
(616) 935-1150
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Added: Aug 26, 2025
Changed: Oct 8
Last Checked: Nov 6 at 9:06PM
MLS# 25043939
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction flex development offers commercial units configured for a combination of workspace and storage. Available sizes include 1,248 SF and 1,728 SF, with layouts that can accommodate studios, workshops, service businesses, or professional offices. Mezzanine options provide additional office or storage capacity, while Anderson sliding doors and windows bring natural light into the interiors.
Each unit includes a 14' x 16' insulated overhead door and a separate 3' entry door. Access is supported by Schlage smart entry systems, with finish allowances and upgrade options available for customization. Construction includes block and metal siding, forced-air heating, central air, broadband, and cable availability. The property is located at 1500 Kooiman Avenue in Grand Haven, Michigan.
Each unit includes a 14' x 16' insulated overhead door and a separate 3' entry door. Access is supported by Schlage smart entry systems, with finish allowances and upgrade options available for customization. Construction includes block and metal siding, forced-air heating, central air, broadband, and cable availability. The property is located at 1500 Kooiman Avenue in Grand Haven, Michigan.
Key Highlights
- 1,248 SF and 1,728 SF commercial unit options
- 14' x 16' insulated overhead door plus separate 3' entry door
- Mezzanine options for added office or storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,093
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,860
$581.9K
Cap Rate 7%
$415,614
$415.6K
Cap Rate 9%
$323,256
$323.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$37.3K $21.60/SF
− Vacancy
−$3.1K −$1.79/SF
EGI
$34.2K $19.81/SF
− OpEx
−$5.1K −$2.97/SF
NOI
$29.1K $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%
$581,860
Cap Rate 7%
$415,614
Cap Rate 9%
$323,256
Alternative Uses
Best Use
Warehouse
$415.6K
$363.7K – $484.9K
NOI $29,093 @ 7.0% cap · market cap 8.79%
Second Best
Industrial
$364.3K
$318.8K – $425.0K
NOI $25,500 @ 7.0% cap · market cap 7.70%
Theoretical Best
Multifamily LT 5
$21.49M
$18.80M – $25.07M
NOI $1,504,170 @ 7.0% cap · market cap 454.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
$287,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Ottawa County, MI
Properties on Market for Flex space in Ottawa County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial units combine workspace, storage, and customizable layouts for varied business operations.
Where is this flex space located?
The property is located at 1500 Kooiman Avenue Grand Haven, MI.
What is the asking price?
The asking price for this property is $331,000.
What are key features of this property?
This property features: 1,248 SF and 1,728 SF commercial unit options; 14' x 16' insulated overhead door plus separate 3' entry door; Mezzanine options for added office or storage space
