Property profile

271 Paw Paw St Coloma, MI 49038

OFF-MARKET
Retail space
Property ID
US43-3128362
4,840 SF 1.93 ac lot Built 1900
Individually Owned 10-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Home Decor Store

Location

271 Paw Paw St Coloma, MI 49038-9589
Coloma metro Census 10201 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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