$525,000 275 N Paw Paw Street Coloma, MI

MLS: 17045301   Type: Commercial   County: Berrien   City: Coloma   Area: Coloma City   Neighborhood: Coloma City   Zip: 49038   Style: Business Opportunity     Taxes: $3,103

Mortgage $2,465 /mo



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*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 2019

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Price History

9/20/2019 Listed $569,000
10/1/2019 8% - $525,000

Business Includes Equipment, Furniture, Inventory, Licenses, Real Estate
Current Bldg Use Restuarant
Homestead % 0.00
Municipality Coloma City
New Construction No
School District Coloma
Sub-area S40 - Coloma School
Uses Bar/Tavern/Lounge, Restaurant
Zoning commercial

Interior Features

Air Conditioning Central
Heat Source Natural Gas
Heating Forced Air

Exterior Features

Construction Type Block
Driveway Paved
Exterior Brick, Stone
Mineral Rights No
Road Frontage 22.00
Roof Rubber
Sewer Public
Total # Bldgs 1.00
Water Public
Water Access Y/N No
Waterfront No

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Property vs Zip Code Avg (49038)

Price 525K Avg 401K

Sqr Feet 2,156 Avg 3,745

Cost / Sqr Ft $244 Avg $107

Taxes $3,103 Avg $5,684

Acres 0.2479 Avg 7.81

Visits 29 Avg 231

Days on Site 1,040 Avg 1,242

Walkscore® 55 Avg 30

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Dennis Bamber at Cressy & Everett Real Estate - (269) 782-2877

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New Buffalo, MI