219 E Michigan Ave 5,915 SF Vacant Retail Building Paw Paw, MI 49079 $650,000 ($109.89/SF)

This historic downtown Paw Paw property offers a distinctive acquisition opportunity with both commercial and residential income components. Featuring approximately 5,915 square feet of adaptable space on a 0.14-acre site, the building combines a street-level retail environment with upper-level residential units. Its main floor spans roughly 4,500 square feet for retail or office use, supplemented by storage areas, bathrooms, and a stockroom, providing versatility for a variety of business concepts.
The second floor includes at least one existing apartment currently producing rental income, along with an additional area that could be renovated for further residential use. This dual-use configuration enhances overall investment appeal by blending immediate operational capacity with incremental income streams and value-add potential.
Positioned on East Michigan Avenue, the property lies in the heart of Paw Paw’s vibrant downtown commercial district. The surrounding area offers steady pedestrian traffic, community events that elevate visibility, and proximity to restaurants, shops, and professional services. Convenient on-street parking in front and additional parking behind the building support customer accessibility. Regional connectivity via Interstate 94 further expands opportunities for both tenant operations and patron reach.
This opportunity is ideal for investors or owner-users seeking a mixed-income asset in an established, walkable district. Original architectural detail and the potential for tax credits or incentives tied to historic renovation add to the property’s long-term advantages.