Flex Space with Mezzanine
For Sale
$276,000
1500 Kooiman Ave #2, Grand Haven, MI 49417
New-construction commercial unit combining workspace, storage, customizable finishes, and flexible layouts for varied business operations.
Property Size1,248 SF
Price / SF$221.15
Days on Market416
Property Features for 1500 Kooiman Ave #2
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 5
Last Checked: Oct 14 at 7:42PM
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.
Unit 2 at Kooiman Place is a flex-space offering within a development scheduled for completion in 2026. The property combines commercial workspace and storage with adaptable interiors, mezzanine options, and finish allowances that support customization. Anderson sliding doors and windows provide natural light, while Schlage smart entry systems add controlled access.
The unit includes a 14' x 16' insulated overhead door and a separate 3' entry door. Its configuration can accommodate studios, workshops, service businesses, or professional offices, subject to applicable requirements. Available commercial spaces include 1,248 square feet and 1,728 square feet options; this listing identifies a 1,248-square-foot unit at 1500 Kooiman Ave Unit 2 in Grand Haven, Michigan.
The unit includes a 14' x 16' insulated overhead door and a separate 3' entry door. Its configuration can accommodate studios, workshops, service businesses, or professional offices, subject to applicable requirements. Available commercial spaces include 1,248 square feet and 1,728 square feet options; this listing identifies a 1,248-square-foot unit at 1500 Kooiman Ave Unit 2 in Grand Haven, Michigan.
Key Highlights
- 1,248‑square‑foot flex‑space unit at 1500 Kooiman Ave Unit 2
- 14' x 16' insulated overhead door plus an additional 3' entry door
- Schlage smart entry system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,011
Cap Rate
7.61%
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 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 authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Flex space - New-construction commercial unit combining workspace, storage, customizable finishes, and flexible layouts for varied business operations.
Where is this flex space located?
The property is located at 1500 Kooiman Ave #2 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: 1,248‑square‑foot flex‑space unit at 1500 Kooiman Ave Unit 2; 14' x 16' insulated overhead door plus an additional 3' entry door; Schlage smart entry system
