| is 177,000 a lot for this car |
That isnt that much at all. E30 and E21 chassis BMW's are very reliable in terms of milage if you maintaine them well. My car has 206k miles on it, and it runs like a champ, and there are many other members with BMW's whom their cars have a few hundred thousand miles on them, and they still do very well.
So 177k isnt that bad at all. you should check out the Considering Buying an E30 thread that is pinned to the top of this forum.
and for the M badge, it ISNT an M3, someone just put that there.