4516 Lake Street, Bridgman, MI 49106
COMMERCIAL - Bridgman, MI
- Added:
- Jun 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 10 at 6:06 pm
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 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
- 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
- Cooling includes wall unit(s) and central air
- Available utilities include cable
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bridgman
- County
- Berrien
- State
- Michigan
- Longitude
- -86.562772
- Latitude
- 41.942779
