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    3024 Krafft Rd Fort Gratiot Township, MI 48059

    • Commercial real estate
    • 4,122 SF
    • 0.94 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Last Sale
    Jul 22, 2020
    $630,000
    Location Intelligence
    Property ID
    US43-4515156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3024 Krafft Rd

    Year built
    2002
    Lot size
    0.94 lot acres
    Property size
    4,122 SF
    Zone code
    C-2*
    Property type
    Commercial real estate
    APN
    74-20-021-3008-000
    APU
    74200213008000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $660,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $590,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $510,000
      Mixed-Use
      $455,000
      Hospitality
      $540,000
      Educational
      $520,000
      Residential Income
      $490,000
      Energy
      $480,000
      Income-Based Land
      $435,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gratiot
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4569
    Latitude
    43.0255
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,142
    $0.00
    $0.00
    $260,500
    -
    $0.00
    $0.00
    $521,000

    Comparable in this City

    • Value Estimation by Request

      4189 Keewahdin Rd

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      3182 Lilac Ln

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      3182 Lilac Ln, Fort Gratiot, MI 48059-3417
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      1,976 SF

      4725 24th Ave

      COMMERCIAL (GENERAL) • 1,976 SF
      4725 24th Ave, Fort Gratiot, MI 48059-3405
      View Details
    • Value Estimation by Request
      8,750 SF

      4721 24th Ave

      COMMERCIAL (GENERAL) • 8,750 SF
      4721 24th Ave, Fort Gratiot, MI 48059-3403
      View Details
    • Value Estimation by Request
      216,125 SF

      4775 24th Ave

      COMMERCIAL (GENERAL) • 216,125 SF
      4775 24th Ave, Fort Gratiot, MI 48059-3405
      View Details
    • Value Estimation by Request
      2,616 SF

      4950 24th Ave

      COMMERCIAL (GENERAL) • 2,616 SF
      4950 24th Ave, Fort Gratiot, MI 48059-3408
      View Details

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    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
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