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

    10067 Red Arrow Hwy Bridgman, MI 49106

    Sponsored
    Picture of Commercial land at Red Arrow Hwy 10067, Bridgman, MI
    For Sale
    $139,000

    COMMERCIAL - Bridgman, MI

    Type:Retail
    Lot size:
    1.11 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 10:06 am

    Property Features for 10067 Red Arrow Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    11-56-0019-0108-10-0
    Interior features
    Broadband
    Lot size
    1.11 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Michael George Lirones
    Michael George Lirones

    Gold Realty (269) 332-8580

    Listing agent Michael George Lirones (269) 332-8580

    Listing date Feb 26, 2026

    MLS# 26006940

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Parcel in Bridgman

    This is a 1.11-acre commercial parcel located within the city limits of Bridgman, Michigan. The property offers visibility and access, making it suitable for future development. Its location is near I-94, Weko Beach, Warren Dunes, and downtown Bridgman's restaurants and shopping areas. The zoning allows for various options, including retail, restaurants, motels, and short-term rental concepts. The property is intended for commercial use only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgman
    County
    Berrien
    State
    Michigan
    Longitude
    -86.567452
    Latitude
    41.936184

    Nearby Similar for Sale

    • $399,000
      6,000 SF

      Commercial Property in High-Traffic Area

      Family-owned commercial building in high-traffic area near I-94.
      8669 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $259,000
      1,869 SF

      High Visibility Commercial Space

      Commercial space in the heart of Bridgman, Michigan.
      9729 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $249,000
      1,593 SF

      High Visibility Commercial Space

      Commercial space in the heart of Bridgman, Michigan, near Lake Michigan.
      9723 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $250,000
      3,040 SF

      Versatile Commercial Space in Bridgman

      Adaptable commercial space in downtown Bridgman, currently a place of worship.
      4161 Lake St, Bridgman, MI 49106
      View Details
    • $94,900

      Modern Mobile Home in Bridgman

      2018 Cavco ranch with modern features and community amenities.
      11159 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $289,500
      2,554 SF

      Bridgman Industrial Building - Great Location

      Two-unit building, high visibility, park-like setting.
      9845 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $320,000

      Established Dog Wash Business For Sale

      Well-established dog wash and grooming business with building for sale.
      4445 Lake St, Bridgman, MI 49106
      View Details
    • $320,000
      3,040 SF

      Prime Bridgman Industrial Space

      Versatile Commercial Building, Downtown Bridgman
      4161 Lake St, Bridgman, MI 49106
      View Details
    • $250,000

      Bridgman Commercial Space For Sale

      Versatile commercial space in downtown Bridgman, currently a place of worship.
      4161 Lake St, Bridgman, MI 49106
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1-acre commercial land with high visibility and access.
    Where is this commercial land located?
    The property is located at 10067 Red Arrow Hwy Bridgman, MI.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: - Prime 1-acre commercial parcel in Bridgman City Limits with high visibility and access.; - Rare zoning potential allows for retail, restaurant, motel, or tiny-home style short-term rentals.; - Minutes to I-94, Weko Beach, Warren Dunes, and downtown Bridgman.
    (269) 332-8580
    Request Owner's contact information
    10067 Red Arrow Hwy Bridgman, MI 49106
    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.
    10067 Red Arrow Hwy
    Bridgman, MI 49106
    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
    10067 Red Arrow Hwy Bridgman, MI 49106
    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

    We can help!
    Listing Contact
    Michael George Lirones
    Michael George Lirones
    (269) 332-8580
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!