Salon-Used Retail
4520 Lake Street Bridgman, MI 49106
For Sale
$195,000
COMMERCIAL - Bridgman, MI
Property Size1,097 SF
Price / SF$177.76
Days on Market49
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 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# 26028387
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 sale offers a 1,097-square-foot retail storefront currently used as Klippers Family Salon hair service. The space is one of two units in the building, providing a self-contained option for an owner-operator or a buyer seeking a single-tenant retail configuration. The current use supports straightforward retail buildout suitable for personal service businesses.
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.
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.
Key Highlights
- 1097 sq ft space currently used as Klippers Family Salon hair service
- One of two units in the building
- Year built: 1988
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 |
1,097 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Individually owned retail unit currently operating as a family salon within a two-unit building in Bridgman, MI.
Where is this retail space 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: 1097 sq ft space currently used as Klippers Family Salon hair service; One of two units in the building; Year built: 1988
