$279,900 1,833 SF

5036 Paw Paw Lake Rd, Coloma, MI 49038
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This building-only restaurant property comprises a 2,000-square-foot structure on a 0.38-acre parcel, with a 20-by-40-foot addition that expands the interior area for dining or other restaurant-related uses. The building includes two bathrooms and features block and vinyl siding, forced-air heat, and natural gas availability, along with a stone roof. Constructed in 1955, the property has updated electrical service and includes a roof replacement (timing not specified). It is located at 5036 Paw…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$4k

Tax billed · 2023

Assessed value · 2024$106k

Effective rate3.32%

Value estimate

· Nov 2026

$375k

$338k – $413k

NOI build-up

Gross scheduled income$31k

Vacancy & credit loss−$1k

Operating expenses−$7k

NOI · 7.95% cap applied$22k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$147/SF

County average, outlier-cleaned · 33 recorded sales of this use type

Observed band · Q1–Q3$83 – $230

Cap rate analysis

How does the asset earn?

7.95%

$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

C-1

JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?

Best fit: Auto Repair Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Auto Repair Shop9.5

Nail Salon8.9

Plumbing Service8.9

5036 Paw Paw Lake Rd Coloma, MI 49038

County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby

Address Sale price Sold Size

147 Paw Paw, Coloma, MI 49038-9792 $230,000 Oct 2023 1,866 SF

192 Paw Paw, Coloma, MI 49038-9792 $55,000 Sep 2023 1,950 SF

361 Saint Joseph, Coloma, MI 49038-9791 $130,000 Apr 2023 2,375 SF

235 Paw Paw, Coloma, MI 49038-9589 $70,000 Feb 2022 2,400 SF

134 Church, Coloma, MI 49038-8518 $90,000 Jan 2022 1,725 SF

5514 Paw Paw Lk, Coloma, MI 49038-9628 $14,000 Jul 2020 2,267 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$80,000

1,950 SF

192 Paw Paw St

RETAIL STORES (PERSONAL SERVICES)

192 Paw Paw St, Coloma, MI 49038-9792

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Value Estimation by Request
2,267 SF

5514 Paw Paw Lk Rd

CONVENIENCE STORE

5514 Paw Paw Lk Rd, Coloma, MI 49038-9628

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Value Estimation
$200,000

2,375 SF

361 Saint Joseph St

RESTAURANT

361 Saint Joseph St, Coloma, MI 49038-9791

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Value Estimation
$95,000

1,328 SF

2691 Friday Rd

GROCERY, SUPERMARKET

2691 Friday Rd, Coloma, MI 49038-9712

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Value Estimation by Request
1,280 SF

3452 Friday Rd

ROADSIDE MARKET

3452 Friday Rd, Coloma, MI 49038-9779

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Value Estimation
$495,000

2,661 SF

Paw Paw Lk Rd

RESTAURANT

Paw Paw Lk Rd, Coloma, MI 49038

View Details