Downtown Grand Haven Investment
For Sale
$785,000
300 Washington Ave, Grand Haven, MI 49417
Three renovated commercial units in a landmark building for sale.
Property Size4,366 SF
Price / SF$179.80
Days on Market324
Property Features for 300 Washington Ave
General Information
Standard status
Active
Size
4,366 SF
Property subtype
Office
Zoning
Central Business District
Building Details
Year Built
1950
Listing Agency:
Capstone Real Estate, LLC
Listed By:
David TenCate · License #6505325768
(616) 847-1031
Source:
Carwm.resimplifi
Added: Dec 2, 2025
Changed: Oct 15
Last Checked: Oct 20 at 5:12PM
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
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Investment Insights
Based on property information with market context.
This investment opportunity features 5,566 square feet in a landmark building located in downtown Grand Haven, 3 blocks from the waterfront. Situated at the corner of 3rd and Washington Avenue, the property comprises three ground-floor commercial units that have been completely renovated with new mechanical systems and finishes. The units range in size from 1200 to 2500 square feet, each with a private entrance and large windows providing natural light. Combined, the three units include 13 private offices, 2 conference rooms, a large open workspace accommodating 16 stations, 3 kitchen/breakrooms, and 4 ADA restrooms. The site is accessible from both Washington Avenue and 3rd Street, with parking available in the site lot, on-street, and in a nearby public parking lot. Long-term tenant leases are in place with potential for future rate increases. The location has a bike score of 63, indicating it is bikeable, and a walk score of 76, indicating it is very walkable.
Key Highlights
- Prime downtown Grand Haven location, just 3 blocks from the waterfront.
- Three fully renovated commercial units with new mechanical systems and finishes.
- Totaling 5,566 SF with a combination of private offices, conference rooms, open workspace, and kitchen/breakrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,323
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,460
$906.5K
Cap Rate 7%
$647,471
$647.5K
Cap Rate 9%
$503,589
$503.6K
Market Conditions
NOI Build-Up for 4,366 SF
Gross rent
$67.6K $15.48/SF
− Vacancy
−$2.8K −$0.65/SF
EGI
$64.7K $14.83/SF
− OpEx
−$19.4K −$4.45/SF
NOI
$45.3K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,460
Cap Rate 7%
$647,471
Cap Rate 9%
$503,589
Alternative Uses
Best Use
Retail
$647.5K
$566.5K – $755.4K
NOI $45,323 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$54.29M
$47.51M – $63.34M
NOI $3,800,468 @ 7.0% cap · market cap 484.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Mobil
Shops & Services
6,856 visits/mo
0.4 miles
Down To Earth
Shops & Services
5,609 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
4,902 visits/mo
0.5 miles
Huntington Bank
Shops & Services
3,133 visits/mo
0.1 miles
Domino's Pizza
Dining
2,183 visits/mo
0.4 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Three renovated commercial units in a landmark building for sale.
Where is this storefront property located?
The property is located at 300 Washington Ave Grand Haven, MI.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Prime downtown Grand Haven location, just 3 blocks from the waterfront.; Three fully renovated commercial units with new mechanical systems and finishes.; Totaling 5,566 SF with a combination of private offices, conference rooms, open workspace, and kitchen/breakrooms.
