Flex Space with Overhead
New
For Sale
$276,000
1500 Kooiman Avenue #3, Grand Haven, MI 49417
Flexible units under development with insulated overhead doors, smart entry, and mezzanine options for workspace and storage.
Days on Market3
Property Features for 1500 Kooiman Avenue #3
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Schlage smart entry systems
mezzanine options
Anderson sliding doors and windows
insulated overhead door
additional 3' entry door
Building Details
Building Size
1,248 SF
Year Built
2026
Listing Agency:
RE/MAX Lakeshore
(616) 638-3900
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Thebrokeragehouse
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 4:59AM
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 offers modern flex units designed to combine workspace and storage in a single build. The development is currently under construction and features 1,248 sq ft and 1,728 sq ft unit options. Each unit includes a Schlage smart entry system and adaptable layouts, along with mezzanine options that can add office or storage space.
Exterior access is supported by insulated overhead doors sized 14' x 16', plus an additional 3' entry door. Windows and doors include Anderson sliding doors and windows intended to bring natural light into the space. The project also includes generous allowances for finishes and multiple upgrade options, allowing each unit to be customized to fit a range of service, studio, workshop, or professional office requirements.
Units are configured to support both day-to-day operations and equipment access through the overhead door, while maintaining a flexible interior plan that can accommodate different uses within the same overall footprint.
Exterior access is supported by insulated overhead doors sized 14' x 16', plus an additional 3' entry door. Windows and doors include Anderson sliding doors and windows intended to bring natural light into the space. The project also includes generous allowances for finishes and multiple upgrade options, allowing each unit to be customized to fit a range of service, studio, workshop, or professional office requirements.
Units are configured to support both day-to-day operations and equipment access through the overhead door, while maintaining a flexible interior plan that can accommodate different uses within the same overall footprint.
Key Highlights
- Commercial units under development with options of 1,248 SF or 1,728 SF
- Each unit includes a 14' x 16' insulated overhead door plus an additional 3' entry door
- Smart entry included with Schlage smart entry systems
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 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
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible units under development with insulated overhead doors, smart entry, and mezzanine options for workspace and storage.
Where is this flex space located?
The property is located at 1500 Kooiman Avenue #3 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: Commercial units under development with options of 1,248 SF or 1,728 SF; Each unit includes a 14' x 16' insulated overhead door plus an additional 3' entry door; Smart entry included with Schlage smart entry systems
