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Mixed-Use Redevelopment Property
For Sale
$647,000

5575 Paw Paw Lake Road, Coloma, MI 49038

Gutted commercial building includes plans for two units and a furnished cottage.

Property Size648 SF
Days on Market26

Property Features for 5575 Paw Paw Lake Road

General Information

Standard status Active
Size 648 SF
Total Parking Spaces 5
Property subtype Commercial

Property Condition

Severity Major Repairs Needed
Evidence completely gutted

Additional Details

Furnished Yes

Taxes and HOA fees

Annual Taxes $3,744

Amenities

lake views

Building Details

Building Size 648 SF
Year Built 1920
Buildings 3
Stories 2733
Units 3
Listing Agency: WRE Sales LLC
Listed By: Gina Johnston-Small · License #6501428177
Source: Erareardonrealty
Added: Aug 5 Changed: Aug 29 Last Checked: Aug 25 at 9:15AM

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 WRE Sales LLC

Investment Insights

Based on property information with market context.

This mixed-use property includes a completely gutted commercial building with plans available for two separate units measuring 1,000+ square feet each. The structure was formerly operated as a restaurant and is positioned for redevelopment based on the available plans.

A separate furnished cottage adds a residential component, with two bedrooms, one bathroom, a 2.5-car garage, and additional storage. The property also includes five parking spaces and views of Paw Paw Lake. Located at 5575 Paw Paw Lake Road in Coloma Charter Township, the offering includes both commercial and residential improvements in one property.

Key Highlights

  • Plans for two separate 1,000+ square‑foot units
  • Completely gutted commercial building ready for redevelopment
  • Fully furnished 2‑bedroom, 1‑bath cottage

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Hair Salon Auto Parts Store Building Supply Big Box & Wholesale Store Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Gutted commercial building includes plans for two units and a furnished cottage.
Where is this mixed-use property located?
The property is located at 5575 Paw Paw Lake Road Coloma, MI.
What is the asking price?
The asking price for this property is $647,000.
What are key features of this property?
This property features: Plans for two separate 1,000+ square‑foot units; Completely gutted commercial building ready for redevelopment; Fully furnished 2‑bedroom, 1‑bath cottage
More about this property
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