202 Main St Parma, MI 49269-8905
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C 1 · Parma, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.