Flex Space with Mezzanine
For Sale
$288,000
1500 Kooiman Avenue #1, Grand Haven, MI 49417
Under-development commercial units combine adaptable workspace, storage capacity, natural light, and smart entry systems.
Property Size1,248 SF
Days on Market346
Property Features for 1500 Kooiman Avenue #1
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Business Opportunity
Building Details
Building Size
1,248 SF
Year Built
2026
Units
1
Listing Agency:
RE/MAX Lakeshore
(616) 638-3900
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Phgrealty
Added: Aug 26, 2025
Changed: Aug 2
Last Checked: Aug 5 at 2:38PM
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 an under-development flex space project with commercial units measuring 1,248 square feet and 1,728 square feet. Each unit combines workspace and storage in an adaptable layout, with mezzanine options that can add office or storage area. Anderson sliding doors and windows bring in natural light, while Schlage smart entry systems support controlled access. Units include a 14' x 16' insulated overhead door alongside a separate 3' entry door. Finish allowances and upgrade choices provide opportunities for customization.
The property is located at 1500 Kooiman Avenue in Grand Haven, near shopping, restaurants, Duncan Woods, Lake Michigan, downtown Grand Haven, and public beach access. The project has a 2026 year built designation.
The property is located at 1500 Kooiman Avenue in Grand Haven, near shopping, restaurants, Duncan Woods, Lake Michigan, downtown Grand Haven, and public beach access. The project has a 2026 year built designation.
Key Highlights
- 1,248 SF and 1,728 SF unit options
- 14' x 16' insulated overhead door plus an additional 3' entry door
- Mezzanine options for added office or storage space
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 | $27.0k | $21.60 |
| − Vacancy | −$2.2k | −$1.79 |
| EGI | $24.7k | $19.81 |
| − OpEx | −$3.7k | −$2.97 |
| NOI | $21.0k | $16.84 |
1,248 SF · lease $21.60/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$300.2K
$262.6K – $350.2K
NOI $21,011 @ 7.0% cap · market cap 7.30%
Second Best
Industrial
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 6.39%
Theoretical Best
Multifamily LT 5
$15.52M
$13.58M – $18.11M
NOI $1,086,345 @ 7.0% cap · market cap 377.20%
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 Office 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 workspace, storage capacity, natural light, and smart entry systems.
Where is this flex space located?
The property is located at 1500 Kooiman Avenue #1 Grand Haven, MI.
What is the asking price?
The asking price for this property is $288,000.
What are key features of this property?
This property features: 1,248 SF and 1,728 SF unit options; 14' x 16' insulated overhead door plus an additional 3' entry door; Mezzanine options for added office or storage space
