Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18 N 5th St Grand Haven, MI 49417

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,495,000

    Renovated fire barn with redevelopment potential in downtown Grand Haven.

    Type:Commercial
    Property size:
    11,584 SF
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 8:33 pm

    Property Features for 18 N 5th St

    General Information

    Standard status
    Active
    Size
    11,584 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1937

    We can help!

    Listing Contact
    David Ten Cate

    Listing agent David Ten Cate License #6502325769

    Listing office Capstone Real Estate LLC

    Listing date Apr 24, 2026

    Source Elliman

    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 Capstone Real Estate LLC

    Overview

    Historic Fire Barn in Grand Haven

    Located in downtown Grand Haven, this historic fire barn, originally constructed in 1937, was renovated in 2024 while preserving its original architecture. The 11,584 square foot building overlooks Central Park and is situated blocks from the waterfront. A glass vestibule entry leads into a 3,500 square foot, fully refurbished bi-level space that includes 8 offices, a conference room, a large open concept gathering area featuring 18-foot ceilings and exposed ductwork, a full kitchen with original brickwork and hose tower, and 3 restrooms. An unfinished 2,200 square foot second level and a 5,500 square foot garage structure offer additional redevelopment opportunities. The property is suitable for various uses, including an upscale office, future residential development, or a combination of uses. Its corner lot location provides easy access and visibility. The building has a walk score of 76, indicating it is very walkable, and a bike score of 63, indicating it is bikeable.
    Location Intelligence

    Current Use by Public Records

    David L TenCate ... Law Firm Blue Bridge Insurance ... Insurance Agency Capstone Real Estate Real Estate Agency The Fire Barn Gallery Art Gallery

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Haven
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.226068
    Latitude
    43.062675

    Nearby Similar for Sale

    • $969,900
      5,566 SF

      Downtown Grand Haven Investment Opportunity

      Renovated commercial units in a landmark building near waterfront.
      300 Washington, Grand Haven, MI 49417
      View Details
    • $1,495,000
      11,584 SF

      Historic Fire Barn Redevelopment Opportunity

      Renovated fire barn in downtown Grand Haven with redevelopment potential.
      18 N 5th Street, Grand Haven, MI 49417
      View Details
    • $995,900
      11,183 SF

      Grand Haven Mixed-Use Investment Opportunity

      Prime downtown location with versatile commercial space and residential potential.
      224 Washington Avenue, Grand Haven, MI 49417
      View Details
    • $749,900

      Turnkey Investment Property in Grand Haven

      Fully furnished short-term rental with strong rental history and permit.
      209 Clinton Avenue, Grand Haven, MI 49417
      View Details
    • $60,000

      Grand Haven Boat Slip For Sale

      27.4-foot boat slip near Lake Michigan and Grand River.
      11 Wharfside, Grand Haven, MI 49417
      View Details
    • $449,900

      Grand Haven Multifamily Investment Property

      Two-unit property near downtown Grand Haven with immediate income potential.
      1001 FRANKLIN AVENUE, GRAND HAVEN, MI 49417
      View Details
    • $340,000

      Updated Duplex in Grand Haven

      Two-unit property with upgrades, ideal for owner-occupancy or investment.
      913 ELLIOTT AVENUE, GRAND HAVEN, MI 49417
      View Details
    • $630,000

      Grand Haven Duplex: Income Potential

      Ideally located duplex near Grand Haven's attractions with income potential.
      213 Clinton Avenue, Grand Haven, MI 49417
      View Details
    • $340,000

      Updated Grand Haven Two-Family Property

      Updated two-family property with strong rental history in Grand Haven.
      913 Elliott Avenue, Grand Haven, MI 49417
      View Details
    • $969,900
      5,566 SF

      Downtown Grand Haven Investment Opportunity

      Three renovated commercial units in a landmark building for sale.
      300 Washington #9-11, Grand Haven, MI 49417
      View Details
    • $338,000
      1,728 SF

      Modern Flex Space For Sale

      Modern, flexible commercial spaces designed for entrepreneurs and small businesses.
      1500 Kooiman Avenue, Grand Haven, MI 49417
      View Details
    • $331,000
      1,728 SF

      Modern Flex Space Development

      Modern, flexible commercial spaces designed for entrepreneurs and small businesses.
      1500 Kooiman Avenue, Grand Haven, MI 49417
      View Details

    FAQs

    What type of property is this?
    Office building - Renovated fire barn with redevelopment potential in downtown Grand Haven.
    Where is this office building located?
    The property is located at 18 N 5th St Grand Haven, MI.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Premier downtown corner lot location with easy access and excellent visibility.; Historic 1937 fire barn building with artfully maintained original architecture, renovated in 2024.; 11,584 SF building overlooking Central Park, blocks from the waterfront.
    (616) 847-1031
    We can help!
    Listing Contact
    David Ten Cate
    Real Estate License ID: 6502325769
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!