2511 N Parma Road Parma, MI 49269

Active

$795,000

Market Estimate

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4,800 sq. ft.
2.11 Acres
Commercial
MLS# 24040100

Listing provided courtesy of: DeLong & Co. Real Estate

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Property Details

Description

An exceptional opportunity to own a fully operational auto service shop located in a prime spot off of I-94. This turnkey business comes complete with a comprehensive inventory, a well-maintained customer database, and multiple revenue streams, making it an attractive investment. The shop features three bays with two pits for efficient vehicle servicing, a lobby with an attached half bathroom, and an additional 18-unit storage building, which provides supplementary rental income. Its strategic location guarantees high visibility and easy access, attracting a steady flow of local and passing customers. Additionally, the property generates extra income from truck parking and storage, enhancing its overall profitability. This opportunity is perfect for anyone looking to invest in a profitable business with multiple revenue streams and significant growth potential.

General Features
- Year Built 1993
- New Construction Y/N false
- Business Type Auto Service,Storage
- County Or Parish Jackson
- Property Sub Type Retail/Commercial
- Tax Annual Amount 5309.5
Building Features
- Cooling Wall Unit(s)
- Cooling Y/N true
- Foundation Details Block
- Construction Materials Block, Concrete, Vinyl Siding
- Building Area Total 4800.0
- Roof Composition
- Number Of Units Total 18
- Heating Forced Air
- Full Bathrooms 1
- Bathrooms 1
- Sewer Septic System
Property Features
- Lot Size Acres 2.11
- Lot Size Area 2.11
- Number Of Buildings 2
- Utilities Broadband
- Water Source Well
- Waterfront Y/N false
Schools
- High School District Western

Neighborhood

49269 (Parma) Demographics

40 Median Age

102 Population Density (per sq. mile)

27% College Educated

$66,262 Estimated Median Income

1,807 Estimated Total Home Owners

338 Estimated Total Renters

84% / 16% Estimated Owner / Renter Divide

3 Estimated Average Household Size

6,138 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$370,000 Median Sales Price

13 Homes Sold

5 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $795,000
8/2/2024 1:15:00 PM	New in Database Source: Multiple Listing Service	New Value: $795,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Copyright 2024 MichRIC, LLC. All rights reserved.

Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/21/2024 9:45:05 AM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.