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    3024 Krafft Rd Fort Gratiot Township, MI 48059

    Sponsored
    For Sale
    $650,000

    Prime location, vacant, 4,122 sq ft.

    Property size:
    4,122 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a vacant, 4,122 square foot building located at 3024 Krafft Rd, Fort Gratiot Township, MI 48059. Previously operating as a Hooters restaurant, this single-story, Class C property sits on a 0.94-acre lot and offers unmatched visibility. Built in 2002, the building is zoned C-2, making it ideally suited for a bar or restaurant. The property features a total of 4,122 square feet of net rentable space, with one unit currently vacant. This owner-user opportunity is perfect for entrepreneurs looking to establish a new business or expand an existing one. The property's location within Fort Gratiot Township, St. Clair County, offers strong demand drivers and the potential to tap into an existing customer base. The asking price is $650,000. The APN is 74200213008000.

    Property Features for 3024 Krafft Rd

    General Information

    Property type
    Restaurants
    Square Feet
    4,122 SF
    Class
    C
    Lot Size
    40,946 SF

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑visibility former Hooters location, ideal for owner‑users or investors.
    • Strong demand drivers and high visibility ensure excellent business potential.
    • Prime location for a bar or restaurant, benefiting from existing customer base and tenant synergy.
    • Exceptional opportunity for business expansion or new ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gratiot Township
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.456699399572
    Latitude
    43.025090849529

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    FAQs

    What type of property is this?
    Restaurant - Prime location, vacant, 4,122 sq ft.
    Where is this restaurant located?
    The property is located at 3024 Krafft Rd Fort Gratiot Township, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: High-visibility former Hooters location, ideal for owner-users or investors.; Strong demand drivers and high visibility ensure excellent business potential.; Prime location for a bar or restaurant, benefiting from existing customer base and tenant synergy.
    Request Owner's contact information
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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
    3024 Krafft Rd Fort Gratiot Township, MI 48059
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