4524 Lake Street, Bridgman, MI 49106
- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 7:06 pm
Property Features for 4524 Lake Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 115650000005000
- Size
- 1,737 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Unit 5 Monogram Condominium
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air, Wall Unit(s)
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
- 1737 SF unit in a building with 2 units
- Block and brick construction
- Year built: 1988
- Forced air heating with central air and wall unit(s) cooling
- Cable available
- Currently used as a clotheshorse consignment clothing space (as described)
Overview
Located at 4524 Lake Street in Bridgman, Michigan 49106 (Berrien County), the property benefits from its established retail use within a small, two-unit configuration. The current operation is based on the existing interior layout supporting day-to-day consignment sales.
For buyers looking to own a retail storefront, this unit offers the opportunity to take over an operating clothing consignment business or transition the space to another retail use that fits a similar small-format footprint. For those interested in controlling the entire asset, the listing notes a separate MLS offering for the purchase of the entire building, which includes both units.
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 | $26.9k | $15.48 |
| − Vacancy | −$1.1k | −$0.65 |
| EGI | $25.8k | $14.83 |
| − OpEx | −$7.7k | −$4.45 |
| NOI | $18.0k | $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
