Real Estate Investment Properties for Sale in Colon, MI

Looking for investment property in Colon, MI with high ROI ?

Explore a variety of short-term homes & houses in Colon, MI. Invest wisely with VRBO & Colon, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Colon, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1121 Heights Dr Colon, MI Awesome lake front opportunity on All Sport Blossom Lake. 175ft of frontage, 1.61 Acres gi...	2 beds \| 1 baths \| 1,000 sq.ft.	$139,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 4.72% Airbnb Rental Income: $1024 Traditional Rental Income: $1123 Airbnb ROI: 1.3% Traditional ROI: 4.72%
59155 Yeatter Rd Colon, MI Welcome to Palmer Lake! This charming 3-bedroom, 1.5- bath home offers 90 feet of beautifu...	3 beds \| 1 baths \| 1,600 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.41% Airbnb Rental Income: $null Traditional Rental Income: $1846 Airbnb ROI: N/A Traditional ROI: 2.41%
30311 M-86 Colon, MI 3 bedroom, 1 1/2 bath farmhouse on 1.06 acres just outside of Colon with the convince of t...	3 beds \| 1 baths \| 1,700 sq.ft.	$228,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.3% Airbnb Rental Income: $null Traditional Rental Income: $2471 Airbnb ROI: N/A Traditional ROI: 9.3%
457 S Burr Oak Road Colon, MI Cute 2 bed 1 bath home with a spacious kitchen and a possible opportunity to convert into ...	2 beds \| 1 baths \| 1,464 sq.ft.	$152,500	Airbnb cash on cash: 1.99% Traditional cash on cash: 9.35% Airbnb Rental Income: $1024 Traditional Rental Income: $1738 Airbnb ROI: 1.99% Traditional ROI: 9.35%
31908 Decker Rd Colon, MI This recently updated 2-bed, 1-bath home features 60' of private frontage on all-sports Pa...	2 beds \| 1 baths \| 972 sq.ft.	$239,999	Airbnb cash on cash: 0.2% Traditional cash on cash: 5.29% Airbnb Rental Income: $1024 Traditional Rental Income: $1820 Airbnb ROI: 0.2% Traditional ROI: 5.29%
30069 Brandt Road Colon, MI Private Country Sanctuary on 1.88 Acres! Enjoy the perfect blend of rural privacy and comf...	3 beds \| 2 baths \| 1,344 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $2261 Airbnb ROI: N/A Traditional ROI: 6.82%
30725 Orla Engle Rd Colon, MI Nicely updated 3 bedroom country home! Open concept kitchen / dining / living room. New fl...	3 beds \| 1 baths \| 1,644 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $2145 Airbnb ROI: N/A Traditional ROI: 5.52%
59010 Lakeshore Drive Colon, MI Opportunity to get on All Sports Palmer Lake! Home offers 3 beds, 2 full baths, sunrooms, ...	3 beds \| 2 baths \| 1,736 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.6% Airbnb Rental Income: $null Traditional Rental Income: $2754 Airbnb ROI: N/A Traditional ROI: 9.6%
917 Elm St Colon, MI All sports Palmer Lake! Investment opportunity! Home is currently set up to sleep 13. This...	4 beds \| 3 baths \| 2,100 sq.ft.	$399,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 6% Airbnb Rental Income: $1830 Traditional Rental Income: $3546 Airbnb ROI: 0.09% Traditional ROI: 6%
161 Palmer Ave Colon, MI 3 Bedroom Home with main floor laundry. Furnace is two years old. Home has had many update...	3 beds \| 1 baths \| 1,036 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.82% Airbnb Rental Income: $null Traditional Rental Income: $1773 Airbnb ROI: N/A Traditional ROI: 8.82%
407 Barry St Colon, MI Charming 2-story home offering 3 bedrooms and 2 bathrooms, (one newly added bath). Enjoy t...	3 beds \| 2 baths \| 1,244 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.02% Airbnb Rental Income: $null Traditional Rental Income: $2085 Airbnb ROI: N/A Traditional ROI: 11.02%
Coohon Rd Colon, MI Coohon Rd, Colon, MI 49040 \| Other	N/A beds \| N/A baths \| N/A	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.96% Airbnb Rental Income: $null Traditional Rental Income: $973 Airbnb ROI: N/A Traditional ROI: -0.96%
804 E State St Colon, MI Charming 2-story home on just over an acre town! This well-maintained property offers the ...	2 beds \| 1 baths \| 1,348 sq.ft.	$179,900	Airbnb cash on cash: 1.71% Traditional cash on cash: 7.53% Airbnb Rental Income: $1024 Traditional Rental Income: $1661 Airbnb ROI: 1.71% Traditional ROI: 7.53%
33291 Maryann Dr Colon, MI Nestled on nearly 3 acres of peaceful countryside, this 2004 manufactured home offers spac...	3 beds \| 2 baths \| 1,560 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.38% Airbnb Rental Income: $null Traditional Rental Income: $2397 Airbnb ROI: N/A Traditional ROI: 4.38%
711 N Burr Oak Rd Colon, MI Lovely farm home just on the edge of town. Home features master on the main, with 2 beds a...	3 beds \| 1 baths \| 1,350 sq.ft.	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $2060 Airbnb ROI: N/A Traditional ROI: 5.92%
58828 Burr Oak Road Colon, MI 5 bed, 3 bath, 2,696-square-foot home on 2.5 acres overlooking 147 feet of all-sports Palm...	5 beds \| 3 baths \| 2,696 sq.ft.	$589,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $3781 Airbnb ROI: N/A Traditional ROI: 4.78%
642 Maple St Colon, MI Stately 2-story home full of charm and character! This inviting home features beautiful ro...	3 beds \| 1 baths \| 1,871 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.81% Airbnb Rental Income: $null Traditional Rental Income: $2750 Airbnb ROI: N/A Traditional ROI: 11.81%
59446 Manor Road Colon, MI Charming ranch home offering the perfect blend of comfort, recreation, and lake living! Th...	2 beds \| 1 baths \| 936 sq.ft.	$169,900	Airbnb cash on cash: 0.87% Traditional cash on cash: 6.66% Airbnb Rental Income: $1024 Traditional Rental Income: $1601 Airbnb ROI: 0.87% Traditional ROI: 6.66%
905 Elm St Colon, MI Lakefront living at its finest! This exceptional 4 bedroom, 3 1/2 bath home offers an impr...	4 beds \| 3 baths \| 3,341 sq.ft.	$749,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 4.63% Airbnb Rental Income: $1830 Traditional Rental Income: $4748 Airbnb ROI: -0.25% Traditional ROI: 4.63%
412 N Swan St Colon, MI Nicely updated 3 bedroom home on a quiet street in the Village. Furnace, roof, AC, & floor...	3 beds \| 1 baths \| 1,144 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.8% Airbnb Rental Income: $null Traditional Rental Income: $1781 Airbnb ROI: N/A Traditional ROI: 7.8%
57530 Cool Water Ln Colon, MI Welcome to this beautiful walkout ranch on all sports Sturgeon Lake! where comfort style a...	4 beds \| 3 baths \| 3,287 sq.ft.	$599,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.85% Airbnb Rental Income: $1830 Traditional Rental Income: $3258 Airbnb ROI: 0.41% Traditional ROI: 3.85%
58929 Yeatter Road Colon, MI Enjoy breathtaking views of Palmer Lake from nearly every room in this spacious open-conce...	3 beds \| 2 baths \| 2,110 sq.ft.	$589,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.06% Airbnb Rental Income: $null Traditional Rental Income: $2632 Airbnb ROI: N/A Traditional ROI: 3.06%
58881 Yeatter Rd Colon, MI Experience year-round lakefront living on all-sports Palmer Lake with approximately 90 fee...	4 beds \| 3 baths \| 3,576 sq.ft.	$500,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.51% Airbnb Rental Income: $1830 Traditional Rental Income: $3755 Airbnb ROI: 0.33% Traditional ROI: 5.51%
31465 W Colon Rd Colon, MI Step back in time and become just the fourth owner of this remarkable historic home in Col...	4 beds \| 1 baths \| 1,850 sq.ft.	$369,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.24% Airbnb Rental Income: $1830 Traditional Rental Income: $2089 Airbnb ROI: 2.07% Traditional ROI: 4.24%

Real Estate investment in Colon, MI

There are 25 properties for sale in the city of Colon . The median list price in Colon is $132,421 and the average price per square foot is $73. In July 2026, the average monthly cash on cash return in Colon is 6.00%. The average monthly rental income in Colon is $2,087.

Colon, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 25 investment properties available for sale in Colon.

In 2026, the best neighborhood to buy investment property is Colon.

The ROI for Long-Term is higher than the Short-Term in Colon with average rental income of $2,087.

Your search for investment property begins and ends here

Investment Property for Sale in Colon, MI

1121 Heights Dr

Colon, MI

2 beds | 1 baths | 1,000 sq.ft.

$139,900

Airbnb cash on cash: 1.3%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $1024

Traditional Rental Income: $1123

Airbnb ROI: 1.3%

Traditional ROI: 4.72%

59155 Yeatter Rd

Colon, MI

3 beds | 1 baths | 1,600 sq.ft.

$495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.41%

Airbnb Rental Income: $null

Traditional Rental Income: $1846

Airbnb ROI: N/A

Traditional ROI: 2.41%

30311 M-86

Colon, MI

3 beds | 1 baths | 1,700 sq.ft.

$228,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.3%

Airbnb Rental Income: $null

Traditional Rental Income: $2471

Airbnb ROI: N/A

Traditional ROI: 9.3%

457 S Burr Oak Road

Colon, MI

2 beds | 1 baths | 1,464 sq.ft.

$152,500

Airbnb cash on cash: 1.99%

Traditional cash on cash: 9.35%

Airbnb Rental Income: $1024

Traditional Rental Income: $1738

Airbnb ROI: 1.99%

Traditional ROI: 9.35%

31908 Decker Rd

Colon, MI

2 beds | 1 baths | 972 sq.ft.

$239,999

Airbnb cash on cash: 0.2%

Traditional cash on cash: 5.29%

Airbnb Rental Income: $1024

Traditional Rental Income: $1820

Airbnb ROI: 0.2%

Traditional ROI: 5.29%

30069 Brandt Road

Colon, MI

3 beds | 2 baths | 1,344 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.82%

Airbnb Rental Income: $null

Traditional Rental Income: $2261

Airbnb ROI: N/A

Traditional ROI: 6.82%

30725 Orla Engle Rd

Colon, MI

3 beds | 1 baths | 1,644 sq.ft.

$295,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.52%

Airbnb Rental Income: $null

Traditional Rental Income: $2145

Airbnb ROI: N/A

Traditional ROI: 5.52%

59010 Lakeshore Drive

Colon, MI

3 beds | 2 baths | 1,736 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.6%

Airbnb Rental Income: $null

Traditional Rental Income: $2754

Airbnb ROI: N/A