4520 Lake Street, Bridgman, MI 49106
Turnkey 1,097 SF storefront suite with salon buildout, part of a two-unit building.
- Added:
- Jun 10, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 5:45 am
Property Features for 4520 Lake Street
General Information
- Standard status
- Active
- Size
- 1,097 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
- 1,097 SF storefront suite currently operated as Klippers Family Salon hair service
- Salon buildout included in the 1,097 SF space
- Unit is one of two units in the building
- Building year built: 1988
- Separate MLS listing available for purchase of the entire two‑unit building
Overview
The property is located at 4520 Lake Street in Bridgman, Michigan. It benefits from its standalone storefront presence as part of a small two-unit building configuration, which can simplify planning for an operator who wants their own space without sharing the entire building with additional tenants.
For buyers and operators, the advantage of this offering is the existing in-place use as a hair service salon. Prospective tenants or owner-users should evaluate how the current salon layout aligns with their specific operational needs, while also considering the opportunity to position the space for another retail or service use suited to a dedicated storefront suite within a two-unit building.
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 | $17.0k | $15.48 |
| − Vacancy | −$713 | −$0.65 |
| EGI | $16.3k | $14.83 |
| − OpEx | −$4.9k | −$4.45 |
| NOI | $11.4k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bridgman
- County
- Berrien
- State
- Michigan
- Longitude
- -86.564114
- Latitude
- 41.942994
