4514 Lake Street, Bridgman, MI 49106
Restaurant/diner space now available within a three-unit building.
- Added:
- Jun 10, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 7:19 am
Property Features for 4514 Lake Street
General Information
- Standard status
- Active
- Size
- 763 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing office Evergreen Real Estate
Listing date Jun 10, 2026
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 Evergreen Real Estate
HighLights
- 763 SF restaurant/diner space currently in use
- Unit is one of three total units within the building
- Building was built in 1988
Overview
The property is located at 4514 Lake Street in Bridgman, Michigan. The seller indicates this unit can be acquired individually, and there is also a separate MLS listing available for the purchase of the entire building that includes all three units.
For buyers looking to own a turnkey-style food and beverage operation, this unit is already configured for restaurant use, with ongoing operating status at the time of listing. It may also appeal to restaurateurs or investors who want to control a standalone unit in a multi-unit building, with the option to purchase the full property if they want to consolidate ownership across all three units.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.8k | $15.48 |
| − Vacancy | −$496 | −$0.65 |
| EGI | $11.3k | $14.83 |
| − OpEx | −$2.8k | −$3.71 |
| NOI | $8.5k | $11.12 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Lydia's Down Home Cooking — 9804 Red Arrow Hwy, Bridgman, MI 49106
Location Insight
- Map
- Local Demand
- City
- Bridgman
- County
- Berrien
- State
- Michigan
- Longitude
- -86.564114
- Latitude
- 41.942994
