Multi-Unit Storefront Retail
4516 Lake Street Bridgman, MI 49106
For Sale
$100,000
COMMERCIAL - Bridgman, MI
Property Size588 SF
Price / SF$170.07
Days on Market49
Property Features for 4516 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
APN
115650000002000
Size
588 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 2 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# 26028364
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 retail storefront measures 588 square feet and is currently in use as a cleaning service under the name “Maid with Perfection.” The space is one of three units in the building, offering separate ownership of this specific suite.
The property is located at 4516 Lake Street in Bridgman, Michigan (49106). Because it is part of a multi-tenant building, the unit benefits from shared building context while maintaining its own defined footprint.
For buyers seeking a small, turn-key retail location, this unit provides an existing operating use that can help with continuity for an owner-operator or an investor evaluating a tenant-occupied setup. For those interested in the full building, the remarks note there is a separate MLS listing available for purchase of the entire property, which includes all three units.
The property is located at 4516 Lake Street in Bridgman, Michigan (49106). Because it is part of a multi-tenant building, the unit benefits from shared building context while maintaining its own defined footprint.
For buyers seeking a small, turn-key retail location, this unit provides an existing operating use that can help with continuity for an owner-operator or an investor evaluating a tenant-occupied setup. For those interested in the full building, the remarks note there is a separate MLS listing available for purchase of the entire property, which includes all three units.
Key Highlights
- 588 SF unit in a building with three total units; currently operating as the “Maid with Perfection” cleaning service
- Construction materials include block and brick
- Forced‑air heating
Financial Insights For 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 | $9.1k | $15.48 |
| − Vacancy | −$382 | −$0.65 |
| EGI | $8.7k | $14.83 |
| − OpEx | −$2.6k | −$4.45 |
| NOI | $6.1k | $10.38 |
588 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$87.2K
$76.3K – $101.7K
NOI $6,104 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$123.7K
$108.3K – $144.4K
NOI $8,661 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Small Town Wedding And Floral — 4158 lake st, bridgman, mi 49106
Frequently Asked Questions
What type of property is this?
Storefront property - Individually owned storefront unit currently operated as a cleaning service within a three-unit building.
Where is this storefront property located?
The property is located at 4516 Lake Street Bridgman, MI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 588 SF unit in a building with three total units; currently operating as the “Maid with Perfection” cleaning service; Construction materials include block and brick; Forced‑air heating
