275 N Paw Paw Street

    Coloma, MI 49038
    • $569,000
    • STATUS: Active
    • ON SITE: 462 days
    • MLS #: 17045301
    UPDATED: 36 min ago
    $569,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,156
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1913
    County:

    School Ratings & Info

    School District:

    Description

    If you're looking for an investment opportunity, a chance to own a restaurant that is not only TURN-KEY and PROFITABLE, but has steadily INCREASING BUSINESS, here it is! The Easy Street Inn of Coloma is all that and more. Since its full remodel in 1996, this historic downtown building has been a destination for people from far and wide who appreciate great food and service in a warm, inviting atmosphere. It has a loyal following of local patrons from the surrounding communities, including South Haven, St. Joseph and Berrien Springs, all year and is a favorite with the tourists who flock to Paw Paw Lake each summer. Inside, you'll find comfortable seating for 75 guests, a gleaming custom hardwood bar, hardwood floors, exposed brick and the original tin ceiling. Out back is a 3-seasonsaddition which seats another 20. With popular favorites on tap and a menu loaded with delicious comfort foods, it's no wonder that it stays BUSY ALL YEAR with a POSITIVE CASH FLOW. In fact, business is up 32% over last year! This place has been continually maintained and improved over the years, with recent investments being a new roof, exterior painting, electronic sign and walk-in cooler. The second story has 2 recently remodeled 1-bedroom apartments which can be rented out seasonally or year-round for extra income. This comes with everything you need to keep it running smoothly and profitably: Building, Fixtures, Tables/Chairs, Kitchen Equipment, Vendor Contacts, Menu, Name and CLASS C LIQUOR LICENSE. See Inventory List for complete details. Financials are available to qualified buyers. Located just off I-94, only 90 minutes to Chicago, 40 minutes to Kalmazoo, and right near LAKE MICHIGAN and 900 acre all-sport PAW PAW LAKE. Coloma has 3 wineries, 2 chocolate crafters, a downtown movie theater, fruit farms, antique shops and more. Each year, parades and festivals draw thousands more visitors to the downtown area, right to the door of the Easy Street Inn.

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    © 2018 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2018-12-13T18:00:12.07.
    www.c21choward.com/homes/76525284

    275 N Paw Paw Street Coloma, MI 49038

    • Price: $569,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 17045301
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    2,156
    SQFT
    $264
    $/SQFT
    1913
    Built
    Neighborhood:
    Coloma City
    County:
    Berrien
    Area:
    Coloma School
    School District:
    Coloma
    Property Description
    If you're looking for an investment opportunity, a chance to own a restaurant that is not only TURN-KEY and PROFITABLE, but has steadily INCREASING BUSINESS, here it is! The Easy Street Inn of Coloma is all that and more. Since its full remodel in 1996, this historic downtown building has been a destination for people from far and wide who appreciate great food and service in a warm, inviting atmosphere. It has a loyal following of local patrons from the surrounding communities, including South Haven, St. Joseph and Berrien Springs, all year and is a favorite with the tourists who flock to Paw Paw Lake each summer. Inside, you'll find comfortable seating for 75 guests, a gleaming custom hardwood bar, hardwood floors, exposed brick and the original tin ceiling. Out back is a 3-seasonsaddition which seats another 20. With popular favorites on tap and a menu loaded with delicious comfort foods, it's no wonder that it stays BUSY ALL YEAR with a POSITIVE CASH FLOW. In fact, business is up 32% over last year! This place has been continually maintained and improved over the years, with recent investments being a new roof, exterior painting, electronic sign and walk-in cooler. The second story has 2 recently remodeled 1-bedroom apartments which can be rented out seasonally or year-round for extra income. This comes with everything you need to keep it running smoothly and profitably: Building, Fixtures, Tables/Chairs, Kitchen Equipment, Vendor Contacts, Menu, Name and CLASS C LIQUOR LICENSE. See Inventory List for complete details. Financials are available to qualified buyers. Located just off I-94, only 90 minutes to Chicago, 40 minutes to Kalmazoo, and right near LAKE MICHIGAN and 900 acre all-sport PAW PAW LAKE. Coloma has 3 wineries, 2 chocolate crafters, a downtown movie theater, fruit farms, antique shops and more. Each year, parades and festivals draw thousands more visitors to the downtown area, right to the door of the Easy Street Inn.
    Exterior Features

    Construction Type Block Driveway Paved Exterior Material Brick/Stone Finished Building Levels 2.00 Lot Dimensions 90X120 Number Of Buildings 1.00 Road Frontage 22.00 Roofing Rubber Street Type Paved Total Parking Spaces 30 Water Access No Waterfront No

    Interior Features

    Air Conditioning Central Below Grade Basement Heat Source Natural Gas Heat Type Forced Air Rentable Other Sq Ft 924.00

    Property Features

    Annual Property Tax 3103.00 Association Southwestern Michigan Association Of Realtors Business Includes EquipmentFurnitureInventoryLicensesReal Estate Commercial Type Business Opportunity Current Use Restuarant Documents Other Full Time Employees 4 Mineral Rights No New Construction No Ownership Proprietorship Part Time Employees 12 Sale Conditions None Sewer Public Tax Year 2016 Terms Available Cash/Conventional Uses Bar/Tavern/LoungeRestaurant Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning Commercial

    Listing provided courtesy of Dennis Bamber of Cressy & Everett Real Estate. © 2018 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2018 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2018-12-13T18:00:12.07.
     
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