Restaurant/Diner Unit in Multi-Tenant
4518 Lake Street Bridgman, MI 49106
For Sale
$135,000
COMMERCIAL - Bridgman, MI
Property Size859 SF
Price / SF$157.16
Days on Market49
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 Agency:
Wright Properties
(269) 369-4640
Listed By:
Kerry M Wright · License #6506043362
(269) 369-4640
Added: Jun 10
Last Checked: Jul 28 at 3:06AM
MLS# 26028370
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 unit is an 859-square-foot restaurant/diner space currently in use as a food service operation. The building configuration includes three total units, and this offering represents one of those units. The space is suited for an operator seeking a ready-to-use restaurant/diner layout within a shared property setting.
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.
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.
Key Highlights
- 859 sq ft unit currently used as a restaurant/diner
- Unit is one of three total units in the building
- Built in 1988
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 |
859 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$136.5K
$119.4K – $159.2K
NOI $9,554 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$180.8K
$158.2K – $210.9K
NOI $12,653 @ 7.0% cap · market cap 9.37%
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 - For sale restaurant/diner space within a three-unit building in Bridgman, MI.
Where is this breakfast & diner located?
The property is located at 4518 Lake Street Bridgman, MI.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 859 sq ft unit currently used as a restaurant/diner; Unit is one of three total units in the building; Built in 1988
