Bar and Restaurant with Liquor
New
For Sale
$349,999
277 N Paw Paw Street, Coloma, MI 49038
The property includes restaurant fixtures and equipment, with the building available separately from the liquor license.
Property Size1,516 SF
Price / SF$230.87
Days on Market5
Property Features for 277 N Paw Paw Street
General Information
Standard status
Active
Size
1,516 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Building Details
Building Size
1,516 SF
Year Built
1930
Buildings
1
Stories
1
Units
1
Listing Agency:
James Jilek Business Broker, Inc.
(269) 343-1601
Listed By:
Thomas Schmidt
(269) 760-8681
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:34PM
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 James Jilek Business Broker, Inc.
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Investment Insights
Based on property information with market context.
This 1,516-square-foot bar and restaurant building dates to 1930 and is offered with fixtures, equipment, and a Class C/SDM liquor license. The building can also be purchased without the license.
Located in downtown Coloma at 277 N Paw Paw Street, the property combines an operating-use space with its associated equipment and licensing components.
Located in downtown Coloma at 277 N Paw Paw Street, the property combines an operating-use space with its associated equipment and licensing components.
Key Highlights
- 1,516‑square‑foot bar and restaurant building
- Includes fixtures, equipment, and a Class C/SDM liquor license
- Building may be purchased separately from the liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,862
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,240
$337.2K
Cap Rate 7%
$240,886
$240.9K
Cap Rate 9%
$187,356
$187.4K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$23.5K $15.48/SF
− Vacancy
−$986 −$0.65/SF
EGI
$22.5K $14.83/SF
− OpEx
−$5.6K −$3.71/SF
NOI
$16.9K $11.12/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,240
Cap Rate 7%
$240,886
Cap Rate 9%
$187,356
Alternative Uses
Best Use
Specialty Retail
$240.9K
$210.8K – $281.0K
NOI $16,862 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.0K
$279.1K – $372.2K
NOI $22,330 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Wesco
Shops & Services
12,028 visits/mo
0.1 miles
Dollar General
Shops & Services
8,675 visits/mo
0.4 miles
BIGGBY COFFEE
Dining
7,924 visits/mo
0.4 miles
Shell
Shops & Services
7,838 visits/mo
0.4 miles
Mobil
Shops & Services
5,627 visits/mo
0.3 miles
Demographics for 49038, MI
8,979
Population
5,124
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
230
Density / Sq Mi
$60,396
Median Household Income
$41,663
Median Earnings
$944
Median Rent
$196,200
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
- T's Tap — 277 N Paw Paw St, Coloma, MI 49038
- Pour House — 235 N Paw Paw St, Coloma, MI 49038
Frequently Asked Questions
What type of property is this?
Bar & Pub - The property includes restaurant fixtures and equipment, with the building available separately from the liquor license.
Where is this bar & pub located?
The property is located at 277 N Paw Paw Street Coloma, MI.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 1,516‑square‑foot bar and restaurant building; Includes fixtures, equipment, and a Class C/SDM liquor license; Building may be purchased separately from the liquor license
