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Property profile & analytics

3024 Krafft Rd Fort Gratiot Township, MI 48059

  • Commercial real estate
  • 4,122 SF
  • 0.94 lot acres
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
More about this property
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