Properties for sale in Michigan

5358 Paw Paw Lake Road, Coloma, MI 49038

New Listing

$1,125,000

Property Type: Commercial Sale Baths: 6 Square Footage: 3,460 Lot Size (sq. ft.): 22,534 Status: Active

Current Price: $1,125,000 List Date: 7/17/2026 Last Modified: 7/17/2026

Overview

Description

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.

Supplements: 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 ... (Read more)

Listing Details MLS# 26036891

Location Property Info

County: Berrien
Street #: 5358
Street Name: Paw Paw Lake
Suffix: Road
State: MI
Zip Code: 49038
Zip (4): 8691

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: Yes
Lot Square Footage: 22534
Lot Dimensions: 120x180 and back lot 120x180
Year Built: 1935
Road Frontage: 120
Total # Units: 7
# Fin Bldg Lvls: 2508
# of Diff Unit Floor Plans: 4
Total # Bldgs: 7
Total SqFt: 3460
Total Net SqFt: 3460
Property Use Type: Investment
Full Baths: 6
Total Baths: 6
Waterfront: No
Body of Water: Paw Paw Lake
School District: Coloma
Statewide Lakes & Rivers: Paw Paw Lake

Tax Info

Tax ID #: 11-08-6200-0035-01-4
Taxable Value: 144071
SEV: 164300
For Tax Year: 2025
Seller's Annual Property Tax: 8023
Tax Year: 2025
Spec Assessment & Type: unknown
Homestead %: 0

Remarks Misc

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.

Income and Expenses

Total Actual Rent: 150854.53

More Information

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 0

Unit 1

SqFt: 800

Unit 2

SqFt: 560

Unit 3

SqFt: 500

Unit 4

SqFt: 500

Unit 5

SqFt: 500

Unit 6

SqFt: 500

Unit 7

SqFt: 500

Location & Property Info

Cross Streets: Johnson
Property Sub-Type: Business Opportunity
Municipality: Coloma Twp
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 325.14
Prop Avail for Lease?: No

Remarks & Misc

Public Remarks: 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.
Legal: LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes
Public Access 1 Mile or Less: Yes
View: Yes

Street Type

Paved: Yes
Public: Yes

SqFt Information

Security System: Yes
Smoke Detector(s): Yes

Property Use

Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Well: Yes

Uses

Other: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Other: Yes

Roofing

Metal: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

None: Yes

Heat Type

Mini-Split: Yes
Space Heater: Yes

Air Conditioning

Central Air: Yes

Business Includes

Furniture: Yes
Inventory: Yes

Util Avail at St

Electricity Available: Yes
Natural Gas Available: Yes

Driveway

Asphalt: Yes
Shared Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes
Other: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Investment SqFt Information: Security System; Smoke Detector(s) Water Type: Lake Uses: Other Ownership: LLC Business Includes: Furniture; Inventory Construction Type: Frame/Wood Exterior Material: Other Roofing: Metal Below Grade: None Sewer: Public Sewer Water: Well Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Electricity Available; Natural Gas Available Heat Source: Electric; Natural Gas Heat Type: Mini-Split; Space Heater Air Conditioning: Central Air Driveway: Asphalt; Shared Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional; Other Sale Conditions: None Possession: Close Of Escrow

Listing Office: Ellsbury Group

Listing Agent: Lane Moser

Last Updated: July - 17 - 2026

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