Financial
Distress signals
Property profile

5036 Paw Paw Lake Rd Coloma, MI 49038

FOR SALE
Drive through restaurants
Property ID
US43-3951910
1,833 SF 0.39 ac lot Built 1954
Last sale Sep 2013 · $30,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A restaurant building constructed in 1955 with a 20' x 40' addition, providing additional interior area that can be used for expanded dining or other flexible interior purposes. The property includes recent building improvements consisting of a replaced roof and an electrical service update. Located at 5036 Paw Paw Lake Road in Coloma, the building sits directly across from Paw Paw Lake and is positioned near a regional recreational destination associated with visitor activity.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$106k
Effective rate3.32%

Value estimate

· Sep 2026
$375k
$338k – $413k
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 7.41% 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?
7.41%
$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

Location

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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
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
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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