32821 Grand River Ave - Restaurant FOR SALE


Farmington Hills, MI 48336- Downtown Farmington
$3,000,000 USD
248-701-9001
32821 Grand River Ave, Farmington Hills, MI for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

32821 Grand River Ave
Farmington Hills, MI 48336
Downtown Farmington


HIGHLIGHTS

  • Rare Downtown Mixed-Use Asset -Fully equipped restaurant and three deluxe apartments
  • Stabilized Income with Upside - Apartments are leased at below-market rents, providing a clear opportunity for rent growth
  • Turnkey Restaurant Opportunity - Restaurant features 140 indoor seats, 32 patio seats, and a 4,294 SF basement storage/cooler area
  • Sale includes the liquor license and all equipment — perfect for an owner-operator or investor
  • Ample Parking & Modern Amenities - Includes 39 on-site parking spaces, elevator access to apartments, and individual HVAC and utilities
  • Future Expansion Potential - Approved PUD project with the potential to develop Phase II, allowing a 2–4 story mixed-use addition

OVERVIEW

P.A. Commercial is pleased to offer a rare mixed-use investment opportunity in the heart of Downtown Farmington, one of Metro Detroit’s most walkable and desirable suburban destinations. This two-story, 9,284 SF building with an additional 4,294 SF basement combines a fully equipped, operating restaurant on the ground floor with three deluxe apartments on the second level—an asset type seldom available in this vibrant market. Originally constructed in 2009 and extensively renovated in 2019, the property sits on 0.76 acres and offers modernized infrastructure, elevator access to upper-floor residences, and ample on-site parking for 39 vehicles. The first-floor restaurant—Crazy Crab—features 140 indoor seats, a 32-seat patio, and a lower-level storage/cooler area with elevator access. The restaurant’s liquor license and turnkey buildout present an ideal setup for an owner-operator or investor seeking a turn-key opportunity. Upstairs, three spacious apartments each feature private patios, individual HVAC and utilities, and are fully leased at below-market rental rates, offering immediate income upside for new ownership. This opportunity is an approved Planned Unit Development (PUD) project that allows for Phase II expansion, with potential to add a 2–4 story mixed-use addition featuring additional apartments and first-floor retail or restaurant space.This property presents a unique opportunity to acquire a stabilized, income-producing asset with substantial future development potential—a true standout in one of Oakland County’s most charming downtown districts.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

CBD

APN/PARCEL ID

23-27-156-004

ASK ABOUT THIS PROPERTY

Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.