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    Coloma, MI Restaurants for Sale

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    Coloma Commercial Building For Sale
    Updated: Oct 24, 2025
    Coloma Commercial Building For Sale

    5036 Paw Paw Lake Road, Coloma, MI 49038

    $300,000
    2,000 sqft 0.38 AC lot
    Prime location directly across from Paw Paw Lake, a major tourist destination, offering high visibility and traffic.
    Turn‑key building offered for restaurant or investment opportunity.
    Spacious 20' x 40' addition provides expanded dining or flexible use.
    Recent upgrades include a new roof and updated electrical system.
    Located in Coloma, known as a gateway to Paw Paw Lake.
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    This listing looks promising.

    Here's a quick look at some key insights for

    5036 Paw Paw Lake Road, Coloma, MI 49038

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $22K
      Annual

    • Mortgage

      $60K
      Recorded

    • Property Type

      Drive-Thru Restaurant, Fast Food
      Built 1954
    View Property Analytics
    Redevelopment Opportunity Near Paw Paw Lake
    Updated: Nov 4, 2025
    Redevelopment Opportunity Near Paw Paw Lake

    5575 Paw Paw Lake Road, Coloma, MI 49038

    $647,000
    648 sqft 0.26 AC lot
    Redevelopment opportunity for a well‑known former restaurant near Paw Paw Lake.
    Includes a fully furnished 2‑bedroom, 1‑bath cottage with a 2.5‑car garage.
    Plans available for two separate 1,000+ sq. ft. units in the main building.
    Five parking spaces available.
    Enjoy the views of Paw Paw Lake.
    View details
    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 2 Active listings in Coloma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant and Bar
    Turn-Key Restaurant and Bar

    101 W Saint Joseph Street, Lawrence, MI 49064

    $499,900
    5,952 sqft 0.22 AC lot

    Move-in ready restaurant and bar with updated HVAC, electrical and plumbing, and an included Class C liquor license.

    View details
    Freestanding Restaurant Building
    Freestanding Restaurant Building

    2055 Red Arrow Highway, Benton Harbor, MI 49022

    $105,000
    1,200 sqft 0.13 AC lot

    For sale freestanding restaurant/bar building with existing infrastructure, offering a straightforward path for owner-operators or investors.

    View details
    Turn-Key Restaurant Opportunity
    Turn-Key Restaurant Opportunity

    105 N Paw Paw Street, Lawrence, MI 49064

    $275,000
    2,450 sqft 0.06 AC lot

    Updated restaurant building with equipment in Lawrence, Michigan.

    View details
    Commercial Building in Arts District
    Commercial Building in Arts District

    287 E Main St, Benton Harbor, MI 49022

    $324,900

    Commercial building in downtown Benton Harbor's Arts District for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Watervliet Commercial Land For Sale
    Watervliet Commercial Land For Sale

    Main Street, Watervliet, MI 49098

    $499,900
    14.90 AC lot

    14.91 acres of commercial land with I-94 exposure.

    View details
    Commercial Acreage Near I-94 Exit
    Commercial Acreage Near I-94 Exit

    2508 Pipestone Road, Benton Harbor, MI 49022

    $500,000
    1.55 AC lot

    1.5 commercial acres, ideal for business or restaurant near I-94.

    View details
    Commercial Land in South Haven
    Commercial Land in South Haven

    09279 M-140 Highway, South Haven, MI 49090

    $229,000
    0.80 AC lot

    Commercial parcel in South Haven's business district with high visibility.

    View details
    Commercial Land in St. Joseph
    Commercial Land in St. Joseph

    St Joseph, MI 49085

    $200,000
    2.01 AC lot

    2-acre commercial land in high-traffic area near highway.

    View details

    Off-Market Properties in Coloma, MI

    Consider similar Off-Market properties in Coloma, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    210 Paw Paw St
    BAR, TAVERN

    210 Paw Paw St, Coloma, MI 49038-9589

    Value Estimation by Request
    3,450 sqft 0.05 AC lot
    View details
    206 Paw Paw St
    RESTAURANT

    206 Paw Paw St, Coloma, MI 49038-9589

    Value Estimation by Request
    2,136 sqft
    View details
    4675 Paw Paw Lk Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    4675 Paw Paw Lk Rd, Coloma, MI 49038-8668

    Value Estimation by Request
    864 sqft 0.23 AC lot
    View details
    275 Paw Paw St
    RESTAURANT

    275 Paw Paw St, Coloma, MI 49038-9589

    Value Estimation by Request
    View details
    147 Paw Paw St
    RESTAURANT

    147 Paw Paw St, Coloma, MI 49038-9792

    Value Estimation by Request
    1,866 sqft
    View details
    6275 Central Ave
    BAR, TAVERN

    6275 Central Ave, Coloma, MI 49038-9284

    $540,000
    Estimated value
    6,462 sqft 0.23 AC lot
    View details
    361 Saint Joseph St
    RESTAURANT

    361 Saint Joseph St, Coloma, MI 49038-9791

    Value Estimation by Request
    2,375 sqft 0.45 AC lot
    View details
    235 Paw Paw St
    BAR, TAVERN

    235 Paw Paw St, Coloma, MI 49038-9589

    Value Estimation by Request
    2,400 sqft
    View details
    185 Paw Paw St
    RESTAURANT

    185 Paw Paw St, Coloma, MI 49038-9792

    Value Estimation by Request
    1,222 sqft 0.06 AC lot
    View details
    5036 Paw Paw Lk Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    5036 Paw Paw Lk Rd, Coloma, MI 49038-9609

    Value Estimation by Request
    1,833 sqft 0.39 AC lot
    View details
    6218 M 63rd N
    RESTAURANT

    6218 M 63rd N, Coloma, MI 49038-9113

    Value Estimation by Request
    3,109 sqft 0.40 AC lot
    View details
    168 Paw Paw St
    RESTAURANT

    168 Paw Paw St, Coloma, MI 49038-9792

    Value Estimation by Request
    2,784 sqft
    View details
    5713 Beech Ave
    RESTAURANT

    5713 Beech Ave, Coloma, MI 49038-9638

    $1,080,000
    Estimated value
    4,696 sqft 0.77 AC lot
    View details
    6410 M 63rd N
    BAR, TAVERN

    6410 M 63rd N, Coloma, MI 49038-9319

    Value Estimation by Request
    3,350 sqft 0.23 AC lot
    View details
    5613 Paw Paw Lk Rd
    BAR, TAVERN

    5613 Paw Paw Lk Rd, Coloma, MI 49038-9637

    Value Estimation by Request
    1,740 sqft 0.23 AC lot
    View details
    150 Ryno Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    150 Ryno Rd, Coloma, MI 49038-9720

    $1,510,000
    Estimated value
    6,562 sqft 5.00 AC lot
    View details
    Paw Paw Lk Rd
    RESTAURANT

    Paw Paw Lk Rd, Coloma, MI 49038

    Value Estimation by Request
    2,661 sqft 0.39 AC lot
    View details
    4896 Paw Paw Lk Rd
    RESTAURANT

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

    Value Estimation by Request
    5,196 sqft 0.98 AC lot
    View details
    Paw Paw Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    Paw Paw Ave, Coloma, MI 49038

    Value Estimation by Request
    349 sqft 0.36 AC lot
    View details
    3313 Chestnut Ave
    BAR, TAVERN

    3313 Chestnut Ave, Coloma, MI 49038-9438

    $535,000
    Estimated value
    6,390 sqft 0.23 AC lot
    View details
    Angling Rd
    BAR, TAVERN

    Angling Rd, Coloma, MI 49038

    $995,000
    Estimated value
    6,760 sqft 2.05 AC lot
    View details

    Coloma, MI Restaurants Market Trends and Statistics

    Explore 23 restaurants for sale in Coloma, MI on our real estate platform. These investment opportunities span a total of 2,648 square feet of properties for sale, with an estimated market value of $947,000.

    Sale prices for restaurant properties in Coloma, MI start at $300,000, averaging $473,500, and reaching up to $647,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 8,577
    Population Growth (5Y) -8.9%
    Median Household Income $60,396
    College Educated 14.7%

    High-Yield Neighborhoods for Investment

    Identify Coloma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49038 $473.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $66.34 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Berrien County

    New Delisted

    Total CRE Inventory on Market (SF)

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