5358 Paw Paw Lake Road Coloma, MI $ 1,125,000
5358 Paw Paw Lake Road
$ 1,125,000
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5358 Paw Paw Lake Road

Coloma, MI, 49038
$ 1,125,000
Bedrooms-- Baths6.0

Monthly Estimate*

$ 7,103

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Commercial Property for sale in Coloma, MI

for $1,125,000 with 6 full baths. This building was built in 1935 on a lot size of 1.

Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership. The property is a proven income producer, operating as short-term rentals during the summer season and transitioning to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. This is a stabilized asset with an established rental history and excellent performance. The quality of construction is immediately apparent throughout the property. The craftsmanship is exceptional, with no corners cut during construction or subsequent improvements. The current owners have continually invested in the property, updating heating and cooling systems, paving the driveway, and renovating the seventh cabin into a dedicated office and laundry center. Whether you're seeking a turnkey investment with strong, consistent cash flow or envision creating a private family compound just steps from Paw Paw Lake, this unique property offers outstanding versatility, quality, and long-term value in one of Southwest Michigan's most desirable lake communities.

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Commercial Active

Price

$ 1,125,000

Full Bath

6

Property Type

Commercial

Taxes

$ 8,023

Style

Business

Lot Size

1

Year Built

1935

Town/City

Coloma

County/Region

Berrien

MLS | Web ID

26036891

Features
General
Heating Space Heater
Cooling Central Air
Utilities Natural Gas Available Electricity Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Roof Metal
Construction Materials Other
Year Built 1935
Township Coloma Twp
Property Subtype Business
Tax Year 2025
Ownership Private Owned
Business Type Other
Waterfront Features Lake
County Berrien
New Construction N
Property Type Commercial Sale
Building Features Security System
Full Baths 6
Status Active
Directions om I-94 take Exit 39 and head north through Coloma continue on Paw Paw Lake Road for about 3 miles and 5358 Paw Paw Lake Road will be on your left near Paw Paw Lake.
City Coloma
Body of Water Paw Paw Lake
High School District Coloma
Number Of Units Total 7
Lot Size Units Acres
Lot Size Square Feet 22534.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 8023.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 144071
Ownership Type LLC
Legal Description LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW
Senior Community None
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Exterior
Water Source Well
Inclusions Inventory Furniture
Lot Size Area 1.0
Number of Buildings 7
Spa N
Building Area Total 3460.0
Lot Dimensions 120x180 and back lot 120x180
Lot Size Acres 1.0
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
View True
All Sports True
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Interior
Total Stories 2508
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 6
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Internal Only
Street Number 1 5358
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* Excluded Features
List By
Ellsbury Group

Broker

lane@ellsburygroup.com

Email

Affordability Calculator

$7,772
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,103
Monthly Property Taxes
$669
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
250169 Elementary School
250362 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2026$1,125,000 Listed Price

Map


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5358 Paw Paw Lake Road, Coloma, MI, 49038 is a Commercial Property for sale at $1,125,000 with a lot size of 1. 5358 Paw Paw Lake Road has 6.0 baths and was built in 1935. The property's zip code is 49038 which is in Coloma, MI