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Property profile & analytics
FOR SALE
Commercial real estate

2511 N Parma Rd Parma, MI 49269

2 ac lot
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US43-0336372
Property summary
AI-generated overview

This exceptional 4,800 square foot industrial property located at 2511 N Parma in Parma, MI, presents a unique investment opportunity. Situated on a 2.11-acre lot with convenient I-94 access, this fully operational auto service shop boasts three service bays, each equipped with a pit for efficient vehicle repair. The property includes a customer lobby with a half-bathroom, ensuring comfort and convenience for clients. A significant advantage is the inclusion of an 18-unit storage building, generating supplemental rental income. This adds to the already robust revenue streams from the auto service business itself, which includes a comprehensive inventory and a well-maintained customer database. The strategic location provides high visibility and easy accessibility, attracting a consistent flow of customers. Further enhancing profitability, the property also benefits from additional income generated through truck parking and storage. This turnkey operation offers immediate income and significant growth potential, making it an attractive investment for discerning buyers. The asking price is $795,000. This is a rare opportunity to acquire a well-established and profitable business with significant assets.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2 ac (87,294 SF)
Zoning code C-2 GEN
APN 000-07-30-176-001-04
UPID US43-0336372
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
Current use
Occupant on record · Public records
  • Oil Zone (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Oil Zone LLC · 17 yrs held
Oil Zone LLC
since 2008
3 recorded transactions
2008
Price N/A
2008
$85,000
2008
$90,000
Zoning & alternative use
C-2 GEN · Parma, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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