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    3024 Krafft Rd Fort Gratiot Township, MI 48059

    Sponsored
    For Lease
    $12 SF/Yr ($4,122 /Mo)

    Prime Fort Gratiot Retail Space

    Lot size:
    4,122 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4,122 square foot commercial property, located at 3024 Krafft Road in Fort Gratiot Township, Michigan, presents a unique investment opportunity. Situated on a 0.94-acre lot, this single-story, Class C building boasts ample parking and is zoned C-2, making it ideal for a variety of retail, restaurant, or bar concepts. Built in 2002, the entire 4,122 square feet is currently vacant, offering a blank canvas for a new business. The property enjoys high visibility due to its location at the intersection of Krafft Road and 24th Ave (M-25), ensuring significant exposure to potential customers. Its convenient location within St. Clair County, Michigan (zip code 48059), offers easy access to a substantial customer base. The property's previous use as a Hooters restaurant demonstrates its suitability for a similar establishment or a complementary business that can leverage the existing infrastructure and high traffic area. This is a rare chance to acquire a well-positioned commercial property with significant potential for growth and profitability. The property's APN is 74200213008000.

    Property Features for 3024 Krafft Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,122 SF
    Class
    C
    Total Rate
    4122

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Spaces
    Size
    4,122 SF
    Rate per SF
    $12

    HighLights

    • Former Hooters building offers excellent business opportunity.
    • High‑visibility location with strong demand drivers.
    • Ideal for bar/restaurant; benefits from existing customer base and tenant synergy.
    • Prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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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    Nearby Similar for Lease

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      Blue Water Plaza: Retail/Office Space

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      Fort Gratiot Plaza Retail Space

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    FAQs

    What type of property is this?
    Restaurant - Prime Fort Gratiot Retail Space
    Where is this restaurant located?
    The property is located at 3024 Krafft Rd Fort Gratiot Township, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Former Hooters building offers excellent business opportunity.; High-visibility location with strong demand drivers.; Ideal for bar/restaurant; benefits from existing customer base and tenant synergy.
    Request Owner's contact information
    3024 Krafft Rd Fort Gratiot Township, MI 48059
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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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