Listing Agency: Home 1st Real Estate

Listed By: GEORGE PIERSON · License #6501344130 Show Phone

Source: Bestemanproperties

Added: Dec 20, 2024 Changed: Oct 30 Last Checked: Oct 30 at 2:44PM

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Investment Insights

Based on property information with market context.

This commercial land holding comprises three parcels totaling 17± acres. A truck repair business currently operates on part of the property, while vacant land lies to the east.

The site is at the northeast corner of Exit #139 on westbound I-94, with access to and from the highway. The property is addressed at 2505 N Parma Road in Parma, Michigan.

Key Highlights

• 17± acre commercial property across three parcels
• Truck repair business currently operates on the property
• Vacant development land is located east of the operating business

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

J&T Repair Auto Repair Shop

Suggested Use

Top Pick HVAC Service Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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2511 N Parma Road, Parma, MI 49269

$435,000

4,800 SF

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Occupied Mobile Home Park

2364 N Parma Road, Parma, MI 49269

$395,000

9.00 Acres

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Corner Pizza Restaurant Building

100 Elizabeth Street, Parma, MI 49269

$199,000

2,095 SF

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Two-Unit Mixed-Use Property

218 W Main Street, Parma, MI 49269

$129,900

2,200 SF

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Frequently Asked Questions

What type of property is this?

Commercial land - A three-parcel site combines an operating truck repair business with undeveloped land to the east.

Where is this commercial land located?

The property is located at 2505 N Parma Road Parma, MI.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 17± acre commercial property across three parcels; Truck repair business currently operates on the property; Vacant development land is located east of the operating business