4514 Lake Street, Bridgman, MI 49106
COMMERCIAL - Bridgman, MI
- Added:
- Jun 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 10 at 5:06 pm
Property Features for 4514 Lake Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 11565000000100
- Size
- 763 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Unit 1 Monogram Condominium
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Wall Unit(s), Central Air
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Block, Brick
Listing agent Kerry M Wright License #6506043362 (269) 369-4640
Listing office Wright Properties 260 Cavelier Ave, Benton Harbor, MI (269) 369-4640
Listing date Jun 10, 2026
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.
HighLights
- 763 SF commercial unit currently used as a restaurant/diner
- Unit is one of three in the building
- Construction materials include block and brick
- Forced air heating
- Central air and wall unit cooling
- Cable available
Overview
The property is located at 4514 Lake Street in Bridgman, Michigan (Berrien County). The available space is part of a multi-unit structure, with an option to purchase the entire building separately.
For prospective owners or operators, this unit offers a defined, self-contained opportunity to own an operating restaurant/diner space. Because it sits within a three-unit building, it may also appeal to buyers looking to own a smaller footprint while retaining the ability to expand through the separate purchase of the full building, as offered in the related MLS listing.
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
- -86.562772
- Latitude
- 41.942779
