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32821 Grand River Ave 9,584 SF 100% Leased Retail Building Farmington Hills, MI 48336 $4,080,930 CAD ($425.81 CAD/SF)



Investment Highlights
- Rare Downtown Mixed-Use Asset -Fully equipped restaurant and three deluxe apartments
- Turnkey Restaurant Opportunity - Restaurant features 140 indoor seats, 32 patio seats, and a 4,294 SF basement storage/cooler area
- Ample Parking & Modern Amenities - Includes 39 on-site parking spaces, elevator access to apartments, and individual HVAC and utilities
- Stabilized Income with Upside - Apartments are leased at below-market rents, providing a clear opportunity for rent growth
- Sale includes the liquor license and all equipment — perfect for an owner-operator or investor
- Future Expansion Potential - Approved PUD project with the potential to develop Phase II, allowing a 2–4 story mixed-use addition
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,584 SF
Building Class
C
Year Built
2009
Price
$4,080,930 CAD
Price Per SF
$425.81 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.37 AC
Zoning
CBD - Central Business District
Parking
12 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
120’ on Grand River Ave
Amenities
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Samurai Steak House
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Samurai Steak House | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-27-156-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $887,377 CAD |
Property Taxes
Parcel Number
23-27-156-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$887,377 CAD
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32821 Grand River Ave
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