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Corner Pizza Restaurant Building
For Sale
$199,000

100 Elizabeth Street, Parma, MI 49269

Commercial Sale, Parma, MI

Property Size2,095 SF
Lot Size0.19 Acres
Price / SF$94.99
Days on Market94

Property Features for 100 Elizabeth Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description C-2 General Com
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Elementary school district Western
Middle school district Western
High school district Western
Directions I-94 to Parma Exit, S. onto Parma Rd/Union St, W. on Michigan Ave.
Standard status Active
APN 003-07-31-156-002-00
Size 2,095 SF
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 2, Blk 1, Aldrich's Add. Village of Parma
Tax Annual Amount 2889
Legal Description Lot 2, Blk 1, Aldrich's Add. Village of Parma

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Well

Building Details

Year built 1925
Floors in Building 1
Number of units 1
Building materials Block, Metal Siding
Roof type Rubber
Listing Agency: ERA Reardon Realty, L.L.C.
Listed By: TIMOTHY J ATKINS · License #6506036004
Added: Jun 23 Changed: Sep 7 Last Checked: Sep 24 at 12:06AM
MLS# 26031336

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,095-square-foot restaurant property includes a pizza-focused business space with a bathroom and recent interior and building-system updates. Improvements include upgraded electrical service, fresh paint, new flooring, a renovated bathroom, and a newer furnace and central air-conditioning system. The building uses block and metal siding construction, with a rubber roof and forced-air heating.

Positioned at the corner of Michigan Ave and Elizabeth St. in downtown Parma, the property offers a visible setting within the Village of Parma. The 0.19-acre parcel is served by a well and includes central air conditioning. Built in 1925, the building provides an existing restaurant format for an owner-operator.

Key Highlights

  • 2,095 SF restaurant property
  • Pizza business with existing restaurant layout
  • Recent electrical service upgrade

Property Analytics

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Current Use

Conventional restaurants

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

91
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
5,701 visits/mo 0.3 miles
Sunoco Shops & Services
4,977 visits/mo 0.1 miles
Progressive Casualty Insurance Shops & Services
399 visits/mo 0.1 miles

Demographics for 49269, MI

5,874
Population
2,083
Households
2.8
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
55.8 sq mi
ZIP Area
105
Density / Sq Mi
$83,933
Median Household Income
$50,372
Median Earnings
$967
Median Rent
$200,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established pizza restaurant with updated electrical service, finishes, bathroom, furnace, and central air conditioning.
Where is this conventional restaurant located?
The property is located at 100 Elizabeth Street Parma, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,095 SF restaurant property; Pizza business with existing restaurant layout; Recent electrical service upgrade
More about this property
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