4520 Lake Street, Bridgman, MI 49106
- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 9:06 pm
Property Features for 4520 Lake Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 115650000004000
- Size
- 1,097 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Unit 4 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
- 1097 sq ft space currently used as Klippers Family Salon hair service
- One of two units in the building
- Year built: 1988
- Construction materials: block and brick
- Heating: forced air
- Cooling: wall unit(s) and central air
Overview
Located at 4520 Lake Street in Bridgman, Michigan (Berrien County), the property is part of a smaller, two-unit commercial building. The listing notes an option to purchase the entire building separately via another MLS listing, which may appeal to buyers looking to consolidate ownership of both units rather than acquiring only this individual space.
As a practical fit, this unit aligns with buyers or operators who want to take over an actively used salon space or reposition it for another retail or personal service concept. Because the property is currently operating as a hair service business and is situated within a two-unit structure, it offers a manageable ownership footprint compared with larger retail centers. The included information also highlights that the broader building is available for acquisition separately, offering flexibility depending on how many units a buyer intends to control.
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
- -86.563109
- Latitude
- 41.942729
