Renovated Historic Office
For Sale
$1,495,000
18 N 5th Street, Grand Haven, MI 49417
Commercial Sale, Grand Haven, MI
Property Size11,584 SF
Lot Size0.42 Acres
Price / SF$129.06
Days on Market259
Property Features for 18 N 5th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Civic Center
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 2, Bathroom 3, Bathroom 1
Interior features
Broadband
Elementary school district
Grand Haven
Middle school district
Grand Haven
High school district
Grand Haven
Directions
US-31 to Washington Avenue west. North on 5th to Columbus.
Subdivision
North Ottawa County - N
Standard status
Active
APN
70-03-21-351-008
Size
11,584 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLK 11 AKELEY'S ADD ALSO PART OF LOTS 1 THRU 3 BLK 17 MONROE & HARRIS ADD COM W 1/4 COR, TH S 0D 34M 17S W 1022.9
Tax Annual Amount
21702
Legal Description
LOT 1 BLK 11 AKELEY'S ADD ALSO PART OF LOTS 1 THRU 3 BLK 17 MONROE & HARRIS ADD COM W 1/4 COR, TH S 0D 34M 17S W 1022.9
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
conference room
full kitchen
open concept gathering area
exposed ductwork
original brickwork
hose tower
3 restrooms
glass vestibule entry
Building Details
Year built
1937
Floors in Building
2
Number of units
1
Building materials
Brick
Roof type
Rubber, Composition
Listing Agency:
Capstone Real Estate LLC
(616) 847-1031
Listed By:
David Ten Cate · License #6502325769
(616) 502-1155
Added: Jan 20
Changed: Sep 16
Last Checked: Oct 6 at 12:06PM
MLS# 26002467
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.
Originally built in 1937 and renovated in 2024, this 11,584-square-foot brick office building retains its original architectural character. The refurbished 3,500 SF bi-level includes 8 offices, a conference room, an open gathering area with 18' ceilings and exposed ductwork, a full kitchen with original brickwork and hose tower, and 3 restrooms. A glass vestibule provides the main entry.
Additional space includes an unfinished 2200 SF second level and a 5500 SF garage structure, offering room for redevelopment within the existing property. The 0.42-acre site overlooks Central Park in downtown Grand Haven and sits a short distance from the waterfront. Central air, forced-air heat, cable availability, and rubber and composition roofing are also included.
Additional space includes an unfinished 2200 SF second level and a 5500 SF garage structure, offering room for redevelopment within the existing property. The 0.42-acre site overlooks Central Park in downtown Grand Haven and sits a short distance from the waterfront. Central air, forced-air heat, cable availability, and rubber and composition roofing are also included.
Key Highlights
- 11,584 SF office building on a 0.42‑acre site
- Constructed in 1937 and renovated in 2024
- Refurbished 3,500 SF bi‑level with 8 offices and 3 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,614
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,552,280
$2.6M
Cap Rate 7%
$1,823,057
$1.8M
Cap Rate 9%
$1,417,933
$1.4M
Market Conditions
NOI Build-Up for 11,584 SF
Gross rent
$197.4K $17.04/SF
− Vacancy
−$27.2K −$2.35/SF
EGI
$170.2K $14.69/SF
− OpEx
−$42.5K −$3.67/SF
NOI
$127.6K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,552,280
Cap Rate 7%
$1,823,057
Cap Rate 9%
$1,417,933
Alternative Uses
Best Use
Office B
$1.82M
$1.60M – $2.13M
NOI $127,614 @ 7.0% cap · market cap 8.54%
Second Best
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $100,058 @ 7.0% cap · market cap 6.69%
Theoretical Best
Multifamily LT 5
$144.05M
$126.04M – $168.06M
NOI $10,083,513 @ 7.0% cap · market cap 674.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
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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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Brick commercial property with adaptable interior areas, central air, forced-air heat, and broadband availability.
Where is this office building located?
The property is located at 18 N 5th Street 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: 11,584 SF office building on a 0.42‑acre site; Constructed in 1937 and renovated in 2024; Refurbished 3,500 SF bi‑level with 8 offices and 3 restrooms
