Flex Space with Overhead
For Sale
$276,000
1500 Kooiman Avenue, Grand Haven, MI 49417
Commercial Sale, Grand Haven, MI
Property Size1,248 SF
Price / SF$221.15
Days on Market407
Property Features for 1500 Kooiman Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Interior features
Broadband
Elementary school district
Grand Haven
Middle school district
Grand Haven
High school district
Grand Haven
Subdivision
North Ottawa County - N
Standard status
Active
APN
70-03-28-312-009
Size
1,248 SF
Taxes and HOA fees
Tax Description
See Attached
Legal Description
See Attached
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Building materials
Block, Metal Siding
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: Aug 26
Last Checked: Oct 6 at 10:06PM
MLS# 25046020
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.
Investment Insights
Based on property information with market context.
This 1,248-square-foot flex space at 1500 Kooiman Avenue is under construction and planned with adaptable interior layouts. The unit includes a 14' x 16' insulated overhead door, a separate 3' entry door, Anderson sliding doors and windows, and options for mezzanine office or storage space. Schlage smart entry systems, finish allowances, and upgrade choices support a customizable buildout. Forced-air heating, central air, broadband access, and block and metal siding are also specified.
The property is located in Grand Haven, Michigan, within Ottawa County. Its configuration combines workspace and storage functions, with physical features that can accommodate studios, workshops, service businesses, or professional office uses as described in the property information.
The property is located in Grand Haven, Michigan, within Ottawa County. Its configuration combines workspace and storage functions, with physical features that can accommodate studios, workshops, service businesses, or professional office uses as described in the property information.
Key Highlights
- 1,248‑square‑foot flex space under construction
- 14' x 16' insulated overhead door with an additional 3' entry door
- Schlage smart entry system and Anderson sliding doors and windows
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.
Property Analytics
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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
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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 - Under construction with adaptable layouts, natural light, smart access, and space for office, storage, or workshop use.
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 $276,000.
What are key features of this property?
This property features: 1,248‑square‑foot flex space under construction; 14' x 16' insulated overhead door with an additional 3' entry door; Schlage smart entry system and Anderson sliding doors and windows
