Flexible Warehouse Office
1500 Kooiman Avenue 11 Grand Haven, MI 49417
1500 Kooiman Avenue 11, Grand Haven, MI, 49417
Contact for pricing
For Sale
Contact for pricing
Flex-style units offer workspace plus storage, with an insulated overhead door and smart entry access.
Property Size1,248 SF
Price / SF$221.15
Days on Market330
Property Features for 1500 Kooiman Avenue 11
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Property subtype
- Business for Sale, Office, Industrial
Building Details
- Year Built
- 2026
Listing agency
RE/MAX Lakeshore
(616) 638-3900
Listed by
Sandi Gentry · License #6506045021
Source
Crexi
Added: Aug 26, 2025 Updated: Jul 21 at 7:01AM Checked: Jul 21 at 7:01AM
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, providing workspace and storage in the same thoughtfully designed units. Available options include commercial space configurations of 1,248 sq ft and 1,728 sq ft. Each unit includes Schlage smart entry systems, Anderson sliding doors and windows for natural light, and mezzanine options for added office or storage space.
The units feature an insulated 14' x 16' overhead door with an additional 3' entry door, supporting a range of workshop, service, studio, and professional office uses as described in the offering. The property also provides allowances for finishes and multiple upgrade options, allowing occupancies to tailor the interior to their business needs.
The units feature an insulated 14' x 16' overhead door with an additional 3' entry door, supporting a range of workshop, service, studio, and professional office uses as described in the offering. The property also provides allowances for finishes and multiple upgrade options, allowing occupancies to tailor the interior to their business needs.
Key Highlights
- Flex‑style units with workspace plus storage, currently under development, built in 2026
- Commercial space options include 1,248 sq ft and 1,728 sq ft layouts
- Includes a 14' x 16' insulated overhead door plus an additional 3' entry door per unit
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 | $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 7.61%
Second Best
Industrial
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 6.67%
Theoretical Best
Multifamily LT 5
$15.52M
$13.58M – $18.11M
NOI $1,086,345 @ 7.0% cap · market cap 393.60%
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 - Flex-style units offer workspace plus storage, with an insulated overhead door and smart entry access.
Where is this flex space located?
The property is located at 1500 Kooiman Avenue 11 Grand Haven, MI.
What is the asking price?
The asking price for this property is $276,000.
What are key features of this property?
This property features: Flex‑style units with workspace plus storage, currently under development, built in 2026; Commercial space options include 1,248 sq ft and 1,728 sq ft layouts; Includes a 14' x 16' insulated overhead door plus an additional 3' entry door per unit
