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    32821 Grand River Ave Farmington, MI 48336

    For Sale
    $2,700,000

    Apartments,Business And Real Estate - Farmington, MI

    Property size:
    9,588 SF
    Lot size:
    0.77 Acres
    Days on Market:
    208
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 32821 Grand River Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    2327156004
    Size
    9,588 SF
    Lot size
    0.77 Acres

    Utilities

    Heating system
    Central, Forced Air

    Building Details

    Year built
    2009
    Year renovated
    2020
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    COMMUNITY CHOICE REALTY INC. (248) 729-0011 [email protected]

    Listing agent Elisa C Y Chen (248) 729-0011

    Listing date May 22, 2025

    MLS# 20250016230 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Farmington

    Located in downtown Farmington, this property features a newer restaurant with high visibility on Grand River Avenue. The restaurant was renovated in 2020, and an expansion of 1,000 square feet was planned for 2022. The building includes 5,294 square feet of first-floor dining space, a 4,294-square-foot second floor with two one-bedroom/1.5-bath units and one two-bedroom/2.1-bath apartment, generating $4,600 per month in rental income. A 2,950-square-foot basement is utilized for catering and storage. Currently operating as a Cajun seafood restaurant, the 9,588 square foot property could be converted into another food service establishment. The sale includes the real estate, all equipment, and the business, situated on a 0.77-acre lot. The basement is fully utilized for catering and storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Krazy Crab Seafood Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3716389
    Latitude
    42.4625751

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    FAQs

    What type of property is this?
    Restaurant - Restaurant, apartments, and real estate for sale in Farmington, MI.
    Where is this restaurant located?
    The property is located at 32821 Grand River Ave Farmington, MI.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Prime location in downtown Farmington with high foot traffic and visibility; - Includes real estate, all restaurant equipment, and the business itself; - Additional income of $4,600/month from three apartment units
    (248) 729-0011
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    32821 Grand River Ave Farmington, MI 48336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32821 Grand River Ave Farmington, MI 48336
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