3024 Krafft Rd, Fort Gratiot Township, MI 48059
- Commercial real estate
- 4,122 SF
- 0.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3024 Krafft Rd
- Year built
- 2002
- Lot size
- 0.94 lot acres
- Zone code
- C-2*
- Property type
- Commercial real estate
- APN
- 74-20-021-3008-000
- APU
- 74200213008000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 22, 2020 | $630,000 | Tm1 Investment LLC | Mcneil Property No 2 LLC | Warranty Deed | — |
| Nov 10, 2011 | — | Mcneil Property 2 LLC | Fort Huron Kraft Road LLC | Warranty Deed | — |
| — | — | Mcnei Property 2 LLC | — | Deed Of Trust · related | $271k · Niva Resner |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $660,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $475,000
- 6.5%
- $440,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $575,000
- AI Estimate
- $575,000
Market price range: $194k - $576kMarket price range: $194k - $576k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $375,000 Current use
- MEDICAL BUILDING
- $505,000 Change: +35% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
