Two-Unit Storefront
For Sale
$195,000
4520 Lake Street, Bridgman, MI 49106
A street-level commercial unit currently configured for hair services occupies one of two spaces in the building.
Property Size1,097 SF
Price / SF$177.76
Days on Market146
Property Features for 4520 Lake Street
General Information
Standard status
Active
Size
1,097 SF
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Building Details
Building Size
1,097 SF
Year Built
1988
Units
1
Listing Agency:
Inca Realty, LLC
(810) 244-6302
Listed By:
Wilson Lahoud · License #6501303462
(810) 691-1485
Source:
Propertiesatincarealty
Added: Jun 10
Changed: Oct 31
Last Checked: Oct 31 at 3:17AM
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 Inca Realty, LLC
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Investment Insights
Based on property information with market context.
This storefront property contains 1,097 square feet and is one of two units in the building. The space is currently used for hair services and was built in 1988.
Key Highlights
- 1,097‑square‑foot storefront unit
- One of two units in the building
- Currently used for hair services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,388
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,760
$227.8K
Cap Rate 7%
$162,686
$162.7K
Cap Rate 9%
$126,533
$126.5K
Market Conditions
NOI Build-Up for 1,097 SF
Gross rent
$17.0K $15.48/SF
− Vacancy
−$713 −$0.65/SF
EGI
$16.3K $14.83/SF
− OpEx
−$4.9K −$4.45/SF
NOI
$11.4K $10.38/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,760
Cap Rate 7%
$162,686
Cap Rate 9%
$126,533
Alternative Uses
Best Use
Retail
$162.7K
$142.4K – $189.8K
NOI $11,388 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.8K
$202.0K – $269.3K
NOI $16,159 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Speedway
Shops & Services
5,565 visits/mo
0.4 miles
Dollar General
Shops & Services
4,317 visits/mo
0.5 miles
SUBWAY
Dining
3,841 visits/mo
0.1 miles
United Federal Credit Union
Shops & Services
2,261 visits/mo
0.1 miles
Super Wash
Shops & Services
1,340 visits/mo
0.2 miles
Demographics for 49106, MI
4,822
Population
2,472
Households
2
Avg Household Size
48
Median Age
30%
College-Educated
96%
High-School Grad
14.7 sq mi
ZIP Area
328
Density / Sq Mi
$75,064
Median Household Income
$40,108
Median Earnings
$1,139
Median Rent
$243,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Small Town Wedding And Floral — 4158 lake st, bridgman, mi 49106
Frequently Asked Questions
What type of property is this?
Storefront property - A street-level commercial unit currently configured for hair services occupies one of two spaces in the building.
Where is this storefront property located?
The property is located at 4520 Lake Street Bridgman, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,097‑square‑foot storefront unit; One of two units in the building; Currently used for hair services
