Mixed-Use Property with Service
2511 N Parma Road, Parma, MI 49269
For Sale
$435,000
Commercial Sale, Parma, MI
Property Size4,800 SF
Lot Size2.11 Acres
Price / SF$90.63
Days on Market95
Property Features for 2511 N Parma Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
self-storage building
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
ERA REARDON REALTY, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: Aug 7
Changed: Oct 22
Last Checked: Nov 9 at 6:06AM
MLS# 26041352
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.
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Investment Insights
Based on property information with market context.
This 4,800-square-foot mixed-use property combines a former automotive repair facility with an 18-unit self-storage building. The service area includes three bays and two vehicle pits. The site totals 2.11 acres and was built in 1993, with additional room identified for expansion.
The property is near the I-94 interchange, providing highway access for business operations and regional travel.
The property is near the I-94 interchange, providing highway access for business operations and regional travel.
Key Highlights
- 2.11‑acre commercial site
- 4,800‑square‑foot property built in 1993
- Former repair facility has 3 service bays and 2 vehicle pits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,780
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,600
$795.6K
Cap Rate 7%
$568,286
$568.3K
Cap Rate 9%
$442,000
$442.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$74.9K $15.60/SF
− Vacancy
−$11.2K −$2.34/SF
EGI
$63.6K $13.26/SF
− OpEx
−$23.9K −$4.97/SF
NOI
$39.8K $8.29/SF
Area
Jackson County, MI
Vacancy
15.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,600
Cap Rate 7%
$568,286
Cap Rate 9%
$442,000
Alternative Uses
Best Use
Self Storage
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 9.79%
Second Best
Warehouse
$578.5K
$506.2K – $674.9K
NOI $40,494 @ 7.0% cap · market cap 9.31%
Theoretical Best
Office A
$766.2K
$670.5K – $894.0K
NOI $53,637 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
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
$200,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Jackson County, MI
Properties on Market for Mixed-use properties in Jackson County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Automotive service space and self-storage provide two distinct components on one commercial site.
Where is this mixed-use property located?
The property is located at 2511 N Parma Road Parma, MI.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2.11‑acre commercial site; 4,800‑square‑foot property built in 1993; Former repair facility has 3 service bays and 2 vehicle pits
