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Property profile & analytics
OFF-MARKET Estimated value $280,000
Retail residential properties

202 Main St Parma, MI 49269-8905

4,170 SF 0.07 ac lot Built 1890
Entity Owned 20-yr Hold Free & Clear
Property ID
US43-0985018
Property summary
AI-generated overview

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 profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1890
Total area 4,170 SF
Lot 0.07 ac (3,049 SF)
Zoning code C 1
APN 006-06-36-228-008-00
UPID US43-0985018
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k
Owner & transaction history
KUNG FU DIESEL INC · 1 yrs held
KUNG FU DIESEL INC
since 2025
Last sale
$30,000
1 recorded transaction
2025
$30,000
Zoning & alternative use
C 1 · Parma, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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