Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Space with FF&E Title is generated by Realmo AI

    25001 Gratiot Avenue, Eastpointe, MI 48021

    View on Map
    Claim this Listing
    For Lease
    $7,019/Mo $15 SF/Yr (calc)

    COMMERCIAL - Eastpointe, MI

    Property size:
    5,560 SF
    Lot size:
    2.26 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    178
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 25001 Gratiot Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    02-14-19-483-013
    Size
    5,560 SF
    Lot size
    2.26 Acres

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1984
    Roof type
    Flat

    We can help!

    Listing Contact
    Alexander Termini

    Listing agent Alexander Termini License #6501392648

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Dec 8, 2025

    MLS# 50195762

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Former restaurant space with existing FF&E in place (The Crafty Crab)
    • Flat roof with forced‑air heating
    • Parking lot on‑site for customer parking
    • Built in 1984
    • Public water service available

    Overview

    This for-lease restaurant space was previously operated as The Crafty Crab and includes existing FF&E in place. The property totals 5,560 square feet on a 2.26-acre lot, offering a ready-to-operate starting point for a new foodservice concept.

    Located at 25001 Gratiot Avenue in Eastpointe, the building is described as having excellent exposure. The site also provides ample parking, which supports customer access and after-hours convenience.

    For tenants looking to open a restaurant without starting from a blank buildout, the presence of existing FF&E can reduce initial setup time. The combination of restaurant-specific improvements from the prior use, along with on-site parking and strong visibility along Gratiot Avenue, makes the space well-suited for operators seeking an established foodservice environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crafty Crab Eastpointe Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.949624
    Latitude
    42.480114

    Nearby Similar for Lease

    • $3,500/Mo
      3,631 SF

      Renovated Retail Building on Gratiot

      Turnkey retail building with modern interior on Gratiot Avenue.
      21103 Gratiot Avenue, Eastpointe, MI 48021
      View Details
    • $2,000/Mo
      1,904 SF

      Eastpointe Retail Space For Rent

      Retail space available for lease in Eastpointe, Michigan.
      16906 E 9 Mile Road, Eastpointe, MI 48021
      View Details
    • $2,700/Mo
      2,908 SF

      Eastpointe Retail Space For Rent

      2908 sqft retail space in the heart of Eastpointe.
      16914 E 9 MILE Road, Eastpointe, MI 48021
      View Details
    • $3,000/Mo
      2,652 SF

      Retail Space in Strip Center

      2,652 sq ft space in Eastpointe, MI for lease.
      14976 10 mile Rd, Eastpointe, MI 48021
      View Details
    • $3,500/Mo
      3,475 SF

      Renovated Retail Building on Gratiot

      Turnkey retail building with modern design and high-end finishes.
      21103 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $7,000/Mo

      Eastpointe Manor Retail/Office/Entertainment Venue

      Iconic Eastpointe Manor ideal for retail, office, or entertainment use.
      24611 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      5,166 SF

      Move-in Ready Office Space

      Professional office space with main road exposure and quick highway access.
      22815 Kelly Rd, Eastpointe, MI, 48021
      View Details
    • Contact for pricing
      4,000 SF

      Eastpointe Retail/Flex Space Available

      4,000 SF retail/flex space for sale or lease.
      18145 East 8 Mile Road, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      1,856 SF

      Freestanding Restaurant and Office/Retail Space

      Restaurant and office/retail spaces available for lease.
      17265-17275 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space Near Eastland Mall

      Highly visible retail space adjacent to Mr. Alan's.
      18065-18085 E. 8 Mile Road, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      2,695 SF

      Freestanding Retail Space on 8 Mile

      Freestanding retail space in Eastpointe with high visibility.
      15301 E 8 Mile Road, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space Available For Lease

      Prime retail space with excellent street visibility, 2,300 sq ft.
      22217 Kelly Rd, Eastpointe, MI 48021
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Former restaurant space with existing FF&E and ample parking for a quick operator transition.
    Where is this conventional restaurant located?
    The property is located at 25001 Gratiot Avenue Eastpointe, MI.
    What is the lease rate?
    The lease rate is $7,019 /Mo.
    What are key features of this property?
    This property features: Former restaurant space with existing FF&E in place (The Crafty Crab); Flat roof with forced‑air heating; Parking lot on‑site for customer parking
    (586) 291-0499
    We can help!
    Listing Contact
    Alexander Termini
    Real Estate License ID: 6501392648
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    25001 Gratiot Avenue, Eastpointe, MI 48021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!