Schwannomas are rare gastrointestinal mesenchymal tumors. We report a schwannoma of the transverse colon mimicking a carcinoma with presentation as hematochezia. A 64-year-old woman had been passing bloody stool since 2 months. The colonoscopy showed a solitary and elevated polypoid tumor in the transverse colon, and biopsies revealed acute and moderate chronic inflammation. The patient underwent radical right hemicolectomy, and the histology finding was a spindle cell tumor. The immunohistochemical results revealed strong and diffuse positivity for S-100, and negativity for CD117, CD34, and smooth muscle actin. Therefore, the final pathological diagnosis was a schwannoma.