For Sale
5036 Paw Paw Lake Road, Coloma, MI 49038
$300,000
MLS # 25054896 (Michigan Regional Information Center (MichRIC))
2 bathsBuilt 19550.38 acres
1 / 27
Listing Description
An exciting investment opportunity is now available in the heart of Coloma — a community known as a gateway to Paw Paw Lake, one of Southwest Michigan's most popular tourist destinations. Offered for the building only, this property is ideal for seasoned restaurant operators or investors ready to bring their vision to life. Located directly across from Paw Paw Lake, it provides outstanding visibility and accessibility. With steady tourism and recreational traffic drawn to the lake year-round, the right concept here has the potential to thrive. This turn-key property includes a spacious 20' x 40' addition for expanded dining or flexible use, plus recent upgrades such as a new roof and updated electrical. Whether you're looking to expand your portfolio or launch your own restaurant concept, this building provides the foundation for long-term success in a prime Southwest Michigan location.
Source: SparkMLS
About this home
Located in Coloma Township in Coloma, this property offers 2-bath, with original construction dating to 1955.
Asking $300,000.
Annual property taxes run approximately $3,823 ($319/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Indiana Michigan Power Company; natural gas by Michigan Gas Utilities Corporation. Fiber internet is available at this address with download speeds up to 8,000 Mbps across 8 providers.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms2
Lot Size0.38 acres
Year Built1955
Location
CityColoma
MunicipalityColoma Twp
Zip Code49038
CountyBerrien
School DistrictColoma
Construction & Systems
ConstructionBlock, Vinyl Siding
HeatingForced Air
UtilitiesNatural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed10/23/2025
Original Price$315,000
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$3,823
Tax Year2024
Assessed Value$76,156
Parcel #11-08-4520-0009-00-8
Source: SparkMLS
Legal Description
Per title
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Whitney Lents
Coldwell Banker Realty
Frequently Asked Questions about 5036 Paw Paw Lake Road, Coloma, MI 49038
Which school district serves 5036 Paw Paw Lake Road, Coloma, MI 49038?
Per MLS# 25054896, 5036 Paw Paw Lake Road, Coloma, MI 49038 is in the Coloma boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Coloma directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 25054896, this listing accepts Conventional, Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5036 Paw Paw Lake Road, Coloma, MI 49038?
Per public tax records, annual property taxes for this property are $3,823 (2024). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5036 Paw Paw Lake Road, Coloma, MI 49038 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 5036 Paw Paw Lake Road, Coloma, MI 49038 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5036 Paw Paw Lake Road, Coloma, MI 49038. The maximum advertised download speed is 8.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5036 Paw Paw Lake Road, Coloma, MI 49038?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Coloma Twp police department or the Berrien County sheriff's office.
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Monthly payment$1,946
Principal & interest$1,946
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
8 Gbps
Upload
8 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
Surf InternetFiber
8 GbpsXfinityCable
1.2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsAT&TDSL
0 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Indiana Michigan Power Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5036 Paw Paw Lake Road, Coloma, MI 49038
View full property history →
Municipality
Coloma Township
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