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 Drive 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: 0.4% Traditional cash on cash: 4.35% Airbnb Rental Income: $894 Traditional Rental Income: $1123 Airbnb ROI: 0.4% Traditional ROI: 4.35%
58954 Lakeshore Drive Colon, MI Palmer Lake frontage! This charming 2 bedroom home offers 50 feet of lake frontage on beau...	2 beds \| 1 baths \| 576 sq.ft.	$180,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 6.14% Airbnb Rental Income: $894 Traditional Rental Income: $1489 Airbnb ROI: 0.69% Traditional ROI: 6.14%
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 \| 2 baths \| 1,700 sq.ft.	$248,700	Airbnb cash on cash: N/A Traditional cash on cash: 4.01% Airbnb Rental Income: $null Traditional Rental Income: $1417 Airbnb ROI: N/A Traditional ROI: 4.01%
31688 Colon Road Colon, MI Peaceful Country Retreat on 2 Acres with Dream Pool Oasis! Welcome to your quiet country e...	4 beds \| 2 baths \| 2,264 sq.ft.	$449,900	Airbnb cash on cash: 0.08% Traditional cash on cash: 5% Airbnb Rental Income: $1232 Traditional Rental Income: $2910 Airbnb ROI: 0.08% Traditional ROI: 5%
31908 Decker Road 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.	$249,999	Airbnb cash on cash: -0.3% Traditional cash on cash: 5.05% Airbnb Rental Income: $894 Traditional Rental Income: $1820 Airbnb ROI: -0.3% Traditional ROI: 5.05%
30725 Orla Engle Road 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%
59178 Nora Drive Colon, MI Welcome to your dream home in the country. This spacious ranch style home offers the perfe...	3 beds \| 2 baths \| 2,082 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.59% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 10.59%
210 E South Street Colon, MI Waterfront home on the shores of Palmer Lake in Colon, Michigan. The property offers stunn...	5 beds \| 2 baths \| 2,368 sq.ft.	$570,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $3120 Airbnb ROI: N/A Traditional ROI: 3.95%
917 Elm Street Colon, MI All sports Palmer Lake! This home boasts stunning views, with large sunny windows looking ...	4 beds \| 3 baths \| 2,100 sq.ft.	$449,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 5.23% Airbnb Rental Income: $1232 Traditional Rental Income: $3546 Airbnb ROI: -1.22% Traditional ROI: 5.23%
161 Palmer Avenue 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 Street 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: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $1417 Airbnb ROI: N/A Traditional ROI: 6.78%
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: 8.19% Airbnb Rental Income: $null Traditional Rental Income: $1417 Airbnb ROI: N/A Traditional ROI: 8.19%
804 E State Street 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.	$189,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 7.09% Airbnb Rental Income: $894 Traditional Rental Income: $1661 Airbnb ROI: 0.97% Traditional ROI: 7.09%
33273 E Palmer Lake Road Colon, MI Charming 2020 manufactured home with custom interior finishes, situated on over 2 acres in...	1 beds \| 1 baths \| 815 sq.ft.	$199,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.63% Airbnb Rental Income: $null Traditional Rental Income: $813 Airbnb ROI: N/A Traditional ROI: 1.63%

Real Estate investment in Colon, MI

There are 14 properties for sale in the city of Colon . The median list price in Colon is $199,500 and the average price per square foot is $138. In April 2026, the average monthly cash on cash return in Colon is 6.00%. The average monthly rental income in Colon is $1,773.

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

There are 14 investment properties available for sale in Colon.

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

The ROI for Short-Term is higher than the Long-Term in Colon with average rental income of $894.

Your search for investment property begins and ends here

Investment Property for Sale in Colon, MI

1121 Heights Drive

Colon, MI

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

$149,900

Airbnb cash on cash: 0.4%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $894

Traditional Rental Income: $1123

Airbnb ROI: 0.4%

Traditional ROI: 4.35%

58954 Lakeshore Drive

Colon, MI

2 beds | 1 baths | 576 sq.ft.

$180,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 6.14%

Airbnb Rental Income: $894

Traditional Rental Income: $1489

Airbnb ROI: 0.69%

Traditional ROI: 6.14%

30311 M-86

Colon, MI

3 beds | 2 baths | 1,700 sq.ft.

$248,700

Airbnb cash on cash: N/A

Traditional cash on cash: 4.01%

Airbnb Rental Income: $null

Traditional Rental Income: $1417

Airbnb ROI: N/A

Traditional ROI: 4.01%

31688 Colon Road

Colon, MI

4 beds | 2 baths | 2,264 sq.ft.

$449,900

Airbnb cash on cash: 0.08%

Traditional cash on cash: 5%

Airbnb Rental Income: $1232

Traditional Rental Income: $2910

Airbnb ROI: 0.08%

Traditional ROI: 5%

31908 Decker Road

Colon, MI

2 beds | 1 baths | 972 sq.ft.

$249,999

Airbnb cash on cash: -0.3%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $894

Traditional Rental Income: $1820

Airbnb ROI: -0.3%

Traditional ROI: 5.05%

30725 Orla Engle Road

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%

59178 Nora Drive

Colon, MI

3 beds | 2 baths | 2,082 sq.ft.

$230,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.59%

Airbnb Rental Income: $null

Traditional Rental Income: $2679

Airbnb ROI: N/A

Traditional ROI: 10.59%

210 E South Street

Colon, MI

5 beds | 2 baths | 2,368 sq.ft.

$570,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.95%

Airbnb Rental Income: $null

Traditional Rental Income: $3120

Airbnb ROI: N/A