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

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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.	$149,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 4.35% Airbnb Rental Income: $1422 Traditional Rental Income: $1123 Airbnb ROI: 3.46% Traditional ROI: 4.35%
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.	$238,700	Airbnb cash on cash: N/A Traditional cash on cash: 8.88% Airbnb Rental Income: $null Traditional Rental Income: $2471 Airbnb ROI: N/A Traditional ROI: 8.88%
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: 4.27% Traditional cash on cash: 9.35% Airbnb Rental Income: $1422 Traditional Rental Income: $1738 Airbnb ROI: 4.27% Traditional ROI: 9.35%
59171 Yeatter Rd Colon, MI 50' of frontage on 440 acre all-sports Palmer Lake! This year round home offers 4 bedrooms...	4 beds \| 1 baths \| 1,470 sq.ft.	$275,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 2% Airbnb Rental Income: $1466 Traditional Rental Income: $1332 Airbnb ROI: 0.94% Traditional ROI: 2%
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: 1.66% Traditional cash on cash: 5.29% Airbnb Rental Income: $1422 Traditional Rental Income: $1820 Airbnb ROI: 1.66% Traditional ROI: 5.29%
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%
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.	$429,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 5.23% Airbnb Rental Income: $1466 Traditional Rental Income: $3546 Airbnb ROI: -0.75% Traditional ROI: 5.23%
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.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.48% Airbnb Rental Income: $null Traditional Rental Income: $1773 Airbnb ROI: N/A Traditional ROI: 8.48%
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%
309 N Blackstone Avenue Colon, MI REDUCED PRICE and now offering a maintenance allowance!!! Don't miss this charming 2-story...	3 beds \| 1 baths \| 1,224 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.29% Airbnb Rental Income: $null Traditional Rental Income: $1804 Airbnb ROI: N/A Traditional ROI: 11.29%
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.	$185,000	Airbnb cash on cash: 3.52% Traditional cash on cash: 7.3% Airbnb Rental Income: $1422 Traditional Rental Income: $1661 Airbnb ROI: 3.52% Traditional ROI: 7.3%
33273 E Palmer Lake Road Colon, MI Charming 2020 stick built home with custom interior finishes, situated on over 2 acres in ...	1 beds \| 1 baths \| 815 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $1779 Airbnb ROI: N/A Traditional ROI: 7.15%
60378 Custer Valley Road Colon, MI Get on the lake this summer!! Long Lake is 222 acres. Great fishing and skiing lake. Acces...	3 beds \| 2 baths \| 1,428 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.7% Airbnb Rental Income: $null Traditional Rental Income: $2505 Airbnb ROI: N/A Traditional ROI: 5.7%
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%
59036 Lakeshore Dr Colon, MI Turn Key, 3 bed, 1.5 bath, year round home on All Sports Palmer Lake. Located on 100ft of ...	3 beds \| 1 baths \| 1,850 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.26% Airbnb Rental Income: $null Traditional Rental Income: $2926 Airbnb ROI: N/A Traditional ROI: 6.26%
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.	$284,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2060 Airbnb ROI: N/A Traditional ROI: 5.68%
418 Polk Street Colon, MI Charming Renovated Retreat! Welcome to easy living in this beautifully renovated 3-bedroom...	3 beds \| 2 baths \| 1,012 sq.ft.	$148,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.96% Airbnb Rental Income: $null Traditional Rental Income: $1910 Airbnb ROI: N/A Traditional ROI: 10.96%
58828 Burr Oak Rd Colon, MI This five-bedroom, three-bath, 2,696-square-foot home on 2.5 acres overlooking 147 feet of...	5 beds \| 3 baths \| 2,696 sq.ft.	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.98% Airbnb Rental Income: $null Traditional Rental Income: $3781 Airbnb ROI: N/A Traditional ROI: 3.98%
58774 Lakeshore Drive Colon, MI Elegant lake front home. This home has been loved and cared for by the same family for ove...	3 beds \| 1 baths \| 1,808 sq.ft.	$495,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.43% Airbnb Rental Income: $null Traditional Rental Income: $2250 Airbnb ROI: N/A Traditional ROI: 3.43%
59446 Manor Rd Colon, MI Charming ranch home offering the perfect blend of comfort, recreation, and lake living! Th...	2 beds \| 1 baths \| 936 sq.ft.	$179,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 6.28% Airbnb Rental Income: $1422 Traditional Rental Income: $1601 Airbnb ROI: 2.73% Traditional ROI: 6.28%
475 S Burr Oak Rd Colon, MI Spacious living in this 3 bed 1 1/2 bath home. Move in ready with fresh paint and new floo...	3 beds \| 1 baths \| 1,445 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.18% Airbnb Rental Income: $null Traditional Rental Income: $2299 Airbnb ROI: N/A Traditional ROI: 9.18%

Real Estate investment in Colon, MI

There are 25 properties for sale in the city of Colon . The median list price in Colon is $215,000 and the average price per square foot is $139. In June 2026, the average monthly cash on cash return in Colon is 6.00%. The average monthly rental income in Colon is $2,032.

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 $2,032.

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.

$149,900

Airbnb cash on cash: 3.46%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $1422

Traditional Rental Income: $1123

Airbnb ROI: 3.46%

Traditional ROI: 4.35%

30311 M-86

Colon, MI

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

$238,700

Airbnb cash on cash: N/A

Traditional cash on cash: 8.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2471

Airbnb ROI: N/A

Traditional ROI: 8.88%

457 S Burr Oak Road

Colon, MI

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

$152,500

Airbnb cash on cash: 4.27%

Traditional cash on cash: 9.35%

Airbnb Rental Income: $1422

Traditional Rental Income: $1738

Airbnb ROI: 4.27%

Traditional ROI: 9.35%

59171 Yeatter Rd

Colon, MI

4 beds | 1 baths | 1,470 sq.ft.

$275,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 2%

Airbnb Rental Income: $1466

Traditional Rental Income: $1332

Airbnb ROI: 0.94%

Traditional ROI: 2%

31908 Decker Rd

Colon, MI

2 beds | 1 baths | 972 sq.ft.

$239,999

Airbnb cash on cash: 1.66%

Traditional cash on cash: 5.29%

Airbnb Rental Income: $1422

Traditional Rental Income: $1820

Airbnb ROI: 1.66%

Traditional ROI: 5.29%

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%

917 Elm St

Colon, MI

4 beds | 3 baths | 2,100 sq.ft.

$429,000

Airbnb cash on cash: -0.75%

Traditional cash on cash: 5.23%

Airbnb Rental Income: $1466

Traditional Rental Income: $3546

Airbnb ROI: -0.75%

Traditional ROI: 5.23%

161 Palmer Ave

Colon, MI

3 beds | 1 baths | 1,036 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1773

Airbnb ROI: N/A