Grand Haven Office Building For
17034 Robbins Rd, Grand Haven, MI 49417
Call to check price and availability
3,010 SF office building near US-31 in Grand Haven.
Type:Office
Property size:
3,010 SFLot size:
0.75 AcresPrice / SF:
$215/SF- Added:
- Oct 9, 2024
- Days on Market:
- 590
- Last Refresh:
- May 12 at 10:50 pm
Property Features for 17034 Robbins Rd
General Information
- Standard status
- Active
- Size
- 3,010 SF
- Lot size
- 0.75 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing agent Gary Albrecht License #MI 6501370145
Listing office Advantage Commercial Real Estate (616) 327-2616
Listing date Oct 9, 2024
Source Crexi
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 Advantage Commercial Real Estate
HighLights
- Ideal for owner‑user wanting 1,800 SF to occupy.
- Conveniently located less than ½ mile from US‑31 in a popular office, retail, and medical corridor.
- Existing tenant (Edward Jones) occupies 1,200 square feet with 5 years remaining on their term, providing immediate income.
- Building size: 3,010 square feet.
- Property size: 0.75 acres.
- Originally constructed as a bank branch with drive‑through teller service.
Overview
Located at 17034 Robbins Road in Grand Haven, this 3,010 square foot office building is situated on a 0.75-acre lot. The building is conveniently located less than half a mile from US-31, within a well-known office, retail, and medical corridor in the Tri-Cities area. Originally built in 1998 as a bank branch with drive-through teller service, the property was later converted into an office building. Currently, Edward Jones occupies 1,200 square feet of the building and has 5 years remaining on their lease term. The property is ideal for an owner-user seeking to occupy 1,800 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$368.4K
NOI $33,159 @ 9.00% cap · cautious / downside scenario
Moderate
$473.7K
NOI $33,159 @ 7.00% cap · market / base-case scenario
Aggressive
$663.2K
NOI $33,159 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $17.04 |
| − Vacancy | −$7.1k | −$2.35 |
| EGI | $44.2k | $14.69 |
| − OpEx | −$11.1k | −$3.67 |
| NOI | $33.2k | $11.02 |
3,010 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$473.7K
$414.5K – $552.7K
NOI $33,159 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.43M
$32.75M – $43.67M
NOI $2,620,112 @ 7.0% cap · market cap 403.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Robert E Robbins ...
Law Firm
Edward Jones
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Grand Haven
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.2107448
- Latitude
- 43.0443165
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FAQs
What type of property is this?
Office building - 3,010 SF office building near US-31 in Grand Haven.
Where is this office building located?
The property is located at 17034 Robbins Rd Grand Haven, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Ideal for owner‑user wanting 1,800 SF to occupy.; Conveniently located less than ½ mile from US‑31 in a popular office, retail, and medical corridor.; Existing tenant (Edward Jones) occupies 1,200 square feet with 5 years remaining on their term, providing immediate income.
