Investment opportunity in the Village of Colon or live in one side and rent out the other. 2 unit-2 bed 1 bath on the main level and 1 bed 1 bath upstairs. Newer roof. Both units are occupied. Tenants pay ALL utilities and seller will accept FHA financing.
The median home value in Colon, MI is $184,100. This is higher than the county median home value of $117,500. The national median home value is $219,700. The average price of homes sold in Colon, MI is $184,100. Approximately 46.37% of Colon homes are owned, compared to 28.02% rented, while 25.61% are vacant. Colon real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Colon real estate agent to arrange a tour today!
Colon, Michigan has a population of 1,126. Colon is more family-centric than the surrounding county with 31.67% of the households containing married families with children. The county average for households married with children is 28.41%.
The median household income in Colon, Michigan is $38,523. The median household income for the surrounding county is $47,856 compared to the national median of $57,652. The median age of people living in Colon is 39.7 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 38 inches per year, with 32.5 inches of snow per year.