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4896 Paw Paw Lk Rd Coloma, MI 49038-8669

OFF-MARKET Turn key restaurants Google Maps
5,196 SF 0.98 ac lot Built 1950
Individually Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$150k
Range $135k – $165k (±10%)
Property ID US43-3399196

Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 5,196 SF
Lot 0.98 ac (42,689 SF)
Zoning code C-1
APN 08-0021-0046-00-5
UPID US43-3399196

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2019
Price N/A
2019
$181,000
2014
$35,000
2005
Price N/A

Zoning & alternative use

C-1 · Coloma, MI

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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