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    Property profile & analytics

    116 Ml St Parma, MI 49269

    • Retail space
    • 7,016 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 06, 2021
    $20,000
    Location Intelligence
    Property ID
    US43-1735534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 116 Ml St

    Year built
    1900
    Lot size
    0.29 lot acres
    Property size
    7,016 SF
    Zone code
    R 1
    Property type
    Retail space
    APN
    006-06-36-227-001-00
    APU
    6063622700100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Jackson
    State
    Michigan
    Longitude
    -84.6006
    Latitude
    42.26
    CBSA code
    27100
    CBSA name
    JACKSON, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,554
    $68,400
    $0.00
    $68,400
    -
    $136,800
    $0.00
    $136,800

    Comparable in this City

    • Value Estimation by Request
      2,572 SF

      121 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,572 SF
      121 Main St, Parma, MI 49269-8904
      View Details
    • Value Estimation by Request
      400 SF

      10855 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 400 SF
      10855 Michigan Ave, Parma, MI 49269-9834
      View Details
    • Value Estimation by Request
      2,371 SF

      2945 Parma Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,371 SF
      2945 Parma Rd, Parma, MI 49269-9655
      View Details
    • Value Estimation
      $825,000
      9,100 SF

      2104 Parma Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      2104 Parma Rd, Parma, MI 49269-0427
      View Details
    • Value Estimation
      $435,000
      1,524 SF

      107 Main St

      GROCERY, SUPERMARKET • 1,524 SF
      107 Main St, Parma, MI 49269-8904
      View Details
    • Value Estimation by Request
      5,480 SF

      2428 Dearing Rd

      CONVENIENCE STORE • 5,480 SF
      2428 Dearing Rd, Parma, MI 49269-9415
      View Details

    Similar Nearby for Sale

    • $225,000
      2,095 SF

      Parma, MI Retail Opportunity

      Retail property for sale in Parma, Michigan.
      100 Elizabeth St, Parma, MI 49269
      View Details
    • New
      $1,250,000
      13.61 Acres

      13.61 Acres Commercial Property

      Commercial property with redevelopment potential in Parma, Michigan.
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    • $225,000
      2,095 SF

      Turnkey Pizza Business in Parma

      Ready-to-operate pizza restaurant in a high-visibility corner location.
      100 Elizabeth St, Parma, MI 49269
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    • New
      $1,700,000
      17.00 Acres

      Parma Commercial Opportunity Near I-94

      17+/- acre commercial site with redevelopment potential near I-94.
      2505 N Parma Rd, Parma, MI 49269
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    • $450,000
      1,860 SF

      Retail Opportunity in Parma, MI

      Retail property available for sale in Parma, Michigan.
      2431 N Dearing Rd, Parma, MI 49269
      View Details
    • $1,950,000
      117.99 Acres

      I-94 & Parma Road Commercial Land

      Prime Michigan location, 117 acres, $1.95M
      0 Nwc I-94 & Parma Rd, Parma, MI 49269
      View Details
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    116 Ml St
    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
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