4896 Paw Paw Lk Rd Coloma, MI 49038-8669
Property summary
This exceptional restaurant opportunity in Coloma, Michigan, presents a unique chance to acquire a well-established business with significant potential. Located at 4896 Paw Paw Lake Rd, this property boasts 7,900 square feet of space situated on a 0.98-acre lot. The building features ample parking, banquet facilities, multiple dining rooms, and an expansive outdoor patio with a bar. The sale includes a Class C liquor license, allowing for the sale of beer and wine, and most of the furniture, fixtures, and equipment (FF&E) are included in the sale price of $495,000. The property is zoned commercial and has a land value of $79.11 per square foot. The restaurant benefits from a loyal customer base and strong community ties, having hosted numerous successful events and fundraisers. This turnkey operation is ideal for an experienced restaurateur looking to expand their portfolio or an ambitious entrepreneur seeking a proven business model in a desirable location. The property's rich history and established reputation provide a solid foundation for continued success in the vibrant Southwest Michigan market. The APN is 08-0021-0046-00-5. This is a rare opportunity to own a piece of Coloma's history and build upon its legacy.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Coloma, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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