28640 M-40 Paw Paw, MI ^$ 265,000

28640 M-40

^$ 265,000

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28640 M-40

Paw Paw, MI, 49079

^$ 265,000

Studio Baths0.0 Sq 4,099

Monthly Estimate*

^$ 1,851

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Studio

Commercial Property for sale in Paw Paw, MI

for $265,000. This 4,099 square foot building was built in 1959 on a lot size of 3.62.

Great Turn Key Opportunity To Own Popular Ongoing Restaurant since the 60's. Building Has Been Well Maintained With Seating Capacity Of 116. Some Of Recent Updates Include: Ice Machine, 1 Of The 2 A/C Units And Well. Price Includes All Equipment And Furniture. Walkin Freezer Was Recently Rebuilt. Current Hours Are Limited Offering Plenty Of Growth Opportunities For New Owner. Sale Includes Abandon Home Next Door With 2.17 Acres. Total Lot Size Is 3.62 Acres

Commercial Active

Price

^$ 265,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,590

Style

Business

Lot Size

3.62

Year Built

1959

Town/City

Paw Paw

County/Region

Van Buren

MLS | Web ID

70386422

Features

General

Heating Forced Air

Possession At Close

Status Active Active

Year Built 1959

County Van Buren

Class COM/IND/BUS OPP

Type Business

Percent Ownership LLC

Municipality Waverly Twp

Subdivision MI

Commercial Features Electric Available Furniture

Area Waverly Twp (80018)

Primary City Paw Paw

Directions Take M40 North of M43 To address.

City Paw Paw

Street Name M-40

Financial Terms Cash Conventional Land Contract

Legal Description 120-A 12-2-14 815-353 929-870 989-502 1067-42 1431-594 1447-921 1587-697/8 BEG ON E SEC L 1661.28' N OF E 1/4 PT OF S

DOM 95

Postal Code 49079

Price Per Sq Ft 64.65

Coming Soon Great Turn Key Opportunity To Own Popular Ongoing Restaurant since the 60's. Building Has Been Well Maintained With Seating Capacity Of 116. Some Of Recent Updates Include: Ice Machine

Exterior

Exterior Frame Wood

Frontage 399

Lot Size Area 3.62

Lot Dimensions Irregular

Roads City/County Paved Street

Waterfront Y/N No

Interior

Fuel Type LP/Propane Gas

* Excluded Features

List By

Brian McDonald

Listing Agent

Re/Max Executive

Broker

brian@grar.com

Affordability Calculator

$2,484

Per Month

Monthly Principal & Interest: $1,851
Monthly Property Taxes: $633
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Paw Paw, MI

Average List Price ^$315,901

Percent of Sale Price 19%

About Paw Paw, MI

3,508 Population

3% Since 2002

^$39,184 Median Income

37.67 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/19/2024	$265,000		Listed Price

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28640 M-40, Paw Paw, MI, 49079 is a Commercial Property for sale at $265,000 with 4,099 sqft and a lot size of 3.62. 28640 M-40 is a studio with 0.0 baths and was built in 1959. The property's zip code is 49079 which is in Paw Paw, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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28640 M-40

Commercial Property for sale in Paw Paw, MI

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