Restaurant Diner
4514 Lake Street Bridgman, MI 49106
For Sale
$125,000
COMMERCIAL - Bridgman, MI
Property Size763 SF
Price / SF$163.83
Days on Market49
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 Agency:
Wright Properties
(269) 369-4640
Listed By:
Kerry M Wright · License #6506043362
(269) 369-4640
Added: Jun 10
Last Checked: Jul 28 at 2:06AM
MLS# 26028357
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.
Investment Insights
Based on property information with market context.
This for-sale restaurant/diner space totals 763 square feet and is currently operated as a breakfast and diner-style food service concept. The unit is one of three separate units in the building.
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.
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.
Key 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
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 |
763 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$121.2K
$106.1K – $141.4K
NOI $8,486 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$160.6K
$140.5K – $187.3K
NOI $11,239 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lydia's Down Home Cooking — 9804 Red Arrow Hwy, Bridgman, MI 49106
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Own a 763-square-foot restaurant/diner unit within a three-unit building in Bridgman, Michigan.
Where is this breakfast & diner located?
The property is located at 4514 Lake Street Bridgman, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 763 SF commercial unit currently used as a restaurant/diner; Unit is one of three in the building; Construction materials include block and brick
