Financial
Distress signals
Property profile

3024 Krafft Rd Fort Gratiot Township, MI 48059

FOR SALE
Other commercial real estate
Property ID
US43-4515156
4,122 SF 0.94 ac lot Built 2002
Last sale Jul 2020 · $630,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a former restaurant building configured for foodservice use, with street-facing visibility and a commercial setting near surrounding demand generators and other businesses. The existing restaurant improvements and layout make it suitable for continued foodservice operations such as a bar or restaurant, subject to applicable permitting and code requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$261k
Effective rate3.89%

Value estimate

· Sep 2026
$660k
$594k – $726k
CAP approach$440k
Submarket $/SF estimate$576k
NOI build-up
Gross scheduled income$78k
Vacancy & credit loss−$2k
Operating expenses−$19k
NOI · 10.87% cap applied$57k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
County average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$47 – $140

Cap rate analysis

How does the asset earn?
10.87%
$57k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2*
JurisdictionSAINT CLAIR

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply16.0
Wholesale Shop15.5
Kitchen & Bath12.6

Location

3024 Krafft Rd Fort Gratiot Township, MI 48059
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3841 Pne Grv, Fort Gratiot, MI 48059-4216 $325,000 Dec 2023 4,393 SF
3991 24th, Fort Gratiot, MI 48059-4102 $595,000 Jul 2022 4,488 SF
4259 Gratiot, Fort Gratiot, MI 48059-3993 $360,000 May 2022 4,550 SF
5769 Lakeshore, Fort Gratiot, MI 48059-2816 $200,000 May 2021 3,890 SF
3968 Pne Grv, Fort Gratiot, MI 48059-4218 $450,000 Oct 2020 3,646 SF
3171 Keewahdin, Fort Gratiot, MI 48059-3412 $195,000 Jan 2020 3,325 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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