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Mixed-Use Building with Retail Space
New
For Sale
$459,000

136 E Michigan Ave, Paw Paw, MI 49079

Ground-floor retail is paired with a two-bedroom short-term rental and adaptable upper-level space.

Property SizeContact for details
Days on Market2

Property Features for 136 E Michigan Ave

General Information

Standard status Active
Property subtype Commercial
Zoning Central Business District

Site & Location

Frontage 101 ft
Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $11,980

Building Details

Year Built 1900
Buildings 1
Units 2
Listing Agency: The Barton Group
Listed By: Amelia Barker-King · License #6501356221
Source: Elliman
Added: Sep 26 Last Checked: Sep 26 at 2:56PM

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 The Barton Group

Investment Insights

Based on property information with market context.

This mixed-use property at 136 E. Michigan Avenue in Paw Paw contains approximately 7,487 square feet of main-floor retail, a roughly 900-square-foot two-bedroom short-term rental, and about 6,587 square feet upstairs. A full basement adds additional space. The upper floor retains historic windows, high ceilings, and original architectural details, with potential for redevelopment. The building dates to 1900.

Located in the Central Business District, the property has approximately 101 feet along Michigan Avenue. Municipal utilities serve the site, with access at both the front and rear and a separate entrance to the upper level. Parking is available in the public Village lot.

Key Highlights

  • Approximately 7,487 SF of main‑floor retail space
  • Approximately 6,587 SF of upper‑level space with redevelopment potential
  • Approximately 900 SF two‑bedroom short‑term rental

Property Analytics

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Current Use

Warner Supply Do ... Building Supply

Suggested Use

Top Pick HVAC Service Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

590
Businesses Nearby

Demographics for 49079, MI

13,766
Population
6,019
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
83.4 sq mi
ZIP Area
165
Density / Sq Mi
$72,119
Median Household Income
$41,376
Median Earnings
$841
Median Rent
$214,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail is paired with a two-bedroom short-term rental and adaptable upper-level space.
Where is this mixed-use property located?
The property is located at 136 E Michigan Ave Paw Paw, MI.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Approximately 7,487 SF of main‑floor retail space; Approximately 6,587 SF of upper‑level space with redevelopment potential; Approximately 900 SF two‑bedroom short‑term rental
More about this property
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