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    OFF-MARKET
    Retail space

    271 Paw Paw St, Coloma, MI 49038-9589

    4,840 SF 1.93 ac lot Built 1900
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-3128362
    Property summary
    AI-generated overview

    This exceptional business opportunity presents a chance to own a well-established enterprise in the heart of Coloma, Michigan. Boasting a 30-year history, this business is situated on the main street, offering high visibility and convenient access. The property includes a spacious 2,160 square foot building, complete with all necessary inventory, materials, and tools for immediate operation. Included equipment encompasses a van equipped with a glass rack, two chop saws, a drill press, four A-frame racks, and two glass tables, among other assets. The seller, ready for retirement, is offering attractive lease terms: a discounted monthly rent of $750 for the first year, increasing to $1,000 per month thereafter. This inclusive rent covers all utilities and property taxes, minimizing your initial financial burden. The business sits on a generous 1.93-acre lot, providing ample space and potential for future expansion. This turnkey operation, located near several lakes, presents a unique opportunity for an ambitious entrepreneur to step into a profitable, established business with significant growth potential. The sale includes the business only

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 4,840 SF
    Lot 1.93 ac (84,071 SF)
    APN 60-0340-0050-00-3
    UPID US43-3128362
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • John's Glass & Windows Hardware & Home Improvement Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    John M Demis · 10 yrs held
    John M Demis
    since 2016
    1 recorded transaction
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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