4518 Lake Street, Bridgman, MI 49106
- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 10:06 pm
Property Features for 4518 Lake Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 115650000003000
- Size
- 859 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Unit 3 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
- 859 sq ft unit currently used as a restaurant/diner
- Unit is one of three total units in the building
- Built in 1988
- Construction materials include block and brick
- Heating: forced air
- Cooling: wall unit(s) and central air
Overview
Located at 4518 Lake Street in Bridgman, Michigan (Berrien County), the unit benefits from being part of a small, multi-tenant building rather than a standalone structure. Public remarks indicate a separate MLS listing is available for purchase of the entire building, which would include all three units, providing an option for buyers looking to consolidate the full property.
For prospective tenants or buyers, this unit offers a straightforward fit for restaurant/diner concepts that want an existing operating environment within a three-unit building. If you’re evaluating a single-unit purchase, this space is the restaurant/diner portion currently in use. If you prefer to control the whole asset, the related listing for the entire building may be worth reviewing alongside this offering.
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
- -86.562878
- Latitude
- 41.942731
