4518 Lake Street, Bridgman, MI 49106
859 sq ft restaurant/diner unit for sale, positioned as one of three spaces within the same building.
- Added:
- Jun 10, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 6:28 am
Property Features for 4518 Lake Street
General Information
- Standard status
- Active
- Size
- 859 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
- 859 sq ft restaurant/diner space currently in use
- Unit is one of three spaces in the same building
- Year built: 1988
Overview
The property is located at 4518 Lake Street in Bridgman, Michigan (49106). As part of a three-unit structure, ownership includes a slice of a multi-tenant building, with the option to acquire additional neighboring space depending on interest.
For buyers, this can be a straightforward way to acquire a ready-to-use restaurant/diner property rather than starting from scratch. For prospective operators, the current use supports continuity, while the fact that the building contains three units may also appeal to those who want to manage within a smaller commercial mix. The listing remarks also reference a separate MLS listing for the purchase of the entire building, which includes all three units, providing flexibility for buyers considering a larger ownership position.
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 | $13.3k | $15.48 |
| − Vacancy | −$558 | −$0.65 |
| EGI | $12.7k | $14.83 |
| − OpEx | −$3.2k | −$3.71 |
| NOI | $9.6k | $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
