275 N Paw Paw Street, Coloma

$525,000

0 Beds
0 Baths
2,156 Sqft
¼ Acres
0 Garages

*SALES INCREASE 2017-2018: 11% * GROSS MARGIN 2017-2018: 15% * NET INCOME 2017-2018: 31%*This PROFITABLE and STABLE long-term restaurant/bar in downtown Coloma offers a terrific business opportunity! Located minutes from popular Paw Paw Lake and right in between the Lake Michigan resort areas of St. Joseph and South Haven, Coloma benefits from the area tourism. Beloved by locals who frequent it year-round, The Easy Street Inn is also a destination for visitors from all over. It is a turn-key establishment with a stellar reputation and everything you need to keep it going - from the kitchen equipment to the dishes. And oh yes, also the CLASS C LIQUOR LICENSE! With double digit increases in sales, gross profit and net income from 2017 to 2018 - and on track for another increase in 2019you'll have great cash flow. Make the most of your income opportunity by renting out the two apartments upstairs on an annual or seasonal basis.

Essential Information
MLS® #17045301
Price$525,000
Bathrooms0.00
Full Baths2
Square Footage2,156
Acres0.25
Year Built1913
TypeCommercial
Sub-TypeBusiness Opportunity
StyleNo
StatusActive
Community Information
Address275 N Paw Paw Street
AreaS40
SubdivisionColoma City
CityColoma
CountyBerrien
StateMI
Zip Code49038
Amenities
Parking Spaces30
Interior
HeatingForced Air
CoolingCentral
# of Fireplaces1
# of Stories2
Has BasementYes
BasementBasement
Exterior
ExteriorBrick/Stone, Stone
Lot Description90x120
RoofRubber
ConstructionBlock
School Information
DistrictColoma
Elementary90x120
MiddleLong Legal on file in office
Additional Information
Zoningcommercial
Utilities Attached

Cable, Electric, Natural Gas, Telephone

Financial Details
Annual Property Tax$3,103
Auction or For SaleFor Sale
Tax Year2016
Mineral RightsNo
PossessionClose Plus 1 Day
Sale ConditionsNone
SEV62600.00
Tax ID #116003400050020
Taxable Value53694.00
Terms AvailableCash/Conventional, Cash
Listing Details
Listing AgentDennis Bamber
Listing OfficeCressy & Everett Real Estate
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Listing information last updated on September 20th, 2020 at 1:00pm EDT.