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    202 Main St Parma, MI 49269

    Sponsored
    For Sale
    $94,500

    Live/Work Loft Apartments & Workshop

    Property size:
    3,125 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,125 square foot industrial property, located at 202 W Main in Parma, MI, presents a unique investment opportunity. Situated on a 0.07-acre lot, the building boasts a charming storefront ideal for retail or a similar business venture. The property also includes a spacious workshop in the rear, perfect for a creative studio or other uses. Adding to its versatility, the building features two stylish loft-style apartments, offering potential for residential income or owner occupancy. These apartments provide a desirable "live above the shop" lifestyle. A dry basement provides ample storage and utility space. The property's location in Parma offers the chance to be part of a revitalizing small town, combining affordable living and working space. Built in the 1890s, this building retains its timeless character while offering significant potential for modern adaptation and income generation. The asking price is $94,500. This property is a rare find, combining commercial and residential space in a desirable location. Don't miss this chance to own a piece of Parma's history and future.

    Property Features for 202 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    3,125 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Jackson
    State
    Michigan
    Longitude
    -84.60088
    Latitude
    42.25939

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    Nearby Similar for Sale

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      Parma, MI Multifamily Property

      Multifamily property for sale in Parma, Michigan.
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      Retail Opportunity in Parma, MI

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    FAQs

    What type of property is this?
    Industrial property - Live/Work Loft Apartments & Workshop
    Where is this industrial property located?
    The property is located at 202 Main St Parma, MI.
    What is the asking price?
    The asking price for this property is $94,500.
    (517) 788-8733
    Request Owner's contact information
    202 Main St Parma, MI 49269
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    Parma, MI 49269
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 Main St Parma, MI 49269
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