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    OFF-MARKET
    Turn key restaurants

    4896 Paw Paw Lk Rd, Coloma, MI 49038-8669

    5,196 SF 0.98 ac lot Built 1950
    Individually Owned 7-yr Hold ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Blackbird Waterhouse Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Nicholas Bertuca · 7 yrs held
    Nicholas Bertuca
    since 2019
    5 recorded transactions
    2019
    2019
    2019
    $181,000
    2014
    $35,000
    2005
    Zoning & alternative use
    C-1 · Coloma, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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