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    Farmington, MI
    Conventional Restaurant

    Farmington, MI Conventional Restaurants for Sale

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    Farmington Hills, MI Livonia, MI Southfield, MI Novi, MI Northville, MI Redford, MI West Bloomfield, MI Bloomfield Twp, MI
    Mixed-Use Building in Downtown Farmington
    Updated: Oct 22, 2025
    Mixed-Use Building in Downtown Farmington

    32821-32905 Grand River Ave, Farmington, MI 48336

    $3,000,000
    9,584 sqft 0.76 AC lot
    Rare mixed‑use investment property in Downtown Farmington, a highly desirable location.
    Fully equipped, operating restaurant (Crazy Crab) with liquor license and 172 total seats (indoor and patio).
    Three fully leased apartments with individual utilities and below‑market rents, offering immediate income upside.
    Approved Planned Unit Development (PUD) project allowing for Phase II expansion (2‑4 story mixed‑use addition).
    Modernized infrastructure, elevator access, and ample on‑site parking (39 spaces).
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    This listing looks promising.

    Here's a quick look at some key insights for

    32821-32905 Grand River Ave, Farmington, MI 48336

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $145K
      Annual

    • Price @ 7% Cap

      $2.07M
      Suggested
    View Property Analytics
    Restaurant with Dining Room
    Updated: Apr 10
    Restaurant with Dining Room

    32663 Grand River Ave, Farmington, MI 48336

    Contact for pricing
    3,028 sqft
    For sale 3,028 SF restaurant space in Farmington, MI
    Possible inclusion of existing kitchen equipment
    Possible inclusion of dining room furniture
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Farmington, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Restaurant with Seating
    Turnkey Restaurant with Seating

    26080 Grand River Avenue, Redford, MI 48240

    $150,000
    2,136 sqft 0.32 AC lot

    Recently renovated restaurant offering guest seating, updated HVAC, and substantial on-site parking for day-to-day operations.

    View details
    Turnkey Restaurant with On-Site Parking
    Turnkey Restaurant with On-Site Parking

    26080 Grand River Avenue, Redford, MI 48240

    $150,000
    2,136 sqft

    Fully renovated restaurant with seating for up to 70 guests and approximately 30 parking spaces, currently operating seven days a week.

    View details
    Fully Equipped Korean Restaurant
    Fully Equipped Korean Restaurant

    39743 Grand River Avenue, Novi, MI 48375

    Contact for pricing
    2,600 sqft

    Fully equipped Korean restaurant for sale with an on-premise liquor license included in Oakland County.

    View details
    Turnkey Korean Restaurant
    Turnkey Korean Restaurant

    39743 Grand River Ave, Novi, MI 48375

    $170,000

    Turnkey Korean restaurant with a fully equipped kitchen, located on Grand River Ave with visibility and parking.

    View details

    Farmington, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Farmington, MI on our real estate platform. These investment opportunities span a total of 9,584 square feet of properties for sale, with an estimated market value of $3,000,000.

    Sale prices for conventional restaurants in Farmington, MI start at $3,000,000, averaging $3,000,000, and reaching up to $3,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Drive through restaurants 3
    Coffee shops 1
    Turn key restaurants 1

    Demographics Overview

    Population 92K
    Population Growth (5Y) +3.0%
    Median Household Income $99,578
    College Educated 57.6%

    High-Yield Neighborhoods for Investment

    Identify Farmington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48336 $3M

    Taxes & Financing

    Tax Rate (average for all types) 3.94%
    Property Tax per SF $54.37 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Farmington fall within the 100,000+ square foot range.

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