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32821 Grand River Ave 9,584 SF 100% Leased Retail Building Farmington Hills, MI 48336 $3,000,000 ($313.02/SF)

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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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,584 SF
Building Class
C
Year Built
2009
Price
$3,000,000
Price Per SF
$313.02
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 - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Direct
  • 5,290 SF
  • Restaurant
  • End Cap
  • 30 Days

Step into a turnkey restaurant space in the heart of Downtown Farmington’s bustling business district. This beautifully renovated 9,284 SF mixed-use building offers a fully equipped restaurant opportunity with high-end finishes, excellent visibility, and strong surrounding demographics. The ground-floor restaurant space features 140 indoor seats, a 32-seat outdoor patio, and an additional 2,147 SF basement area with walk-in coolers, storage, and elevator access. The space comes with all existing equipment, furniture, and fixtures, plus an available liquor license, making it ideal for an operator ready to open quickly. The property blends historic charm with modern functionality—featuring exposed brick, stylish lighting, and updated mechanicals. The layout includes a full kitchen, prep area, bar, private dining zones, and restrooms, providing a perfect setup for a casual, upscale, or family dining concept.

Space Size Space Use Position Available
Direct 5,290 SF Restaurant End Cap 30 Days

Direct

Size
5,290 SF
Space Use
Restaurant
Position
End Cap
Available
30 Days

Direct

Size 5,290 SF
Space Use Restaurant
Position End Cap
Available 30 Days

Step into a turnkey restaurant space in the heart of Downtown Farmington’s bustling business district. This beautifully renovated 9,284 SF mixed-use building offers a fully equipped restaurant opportunity with high-end finishes, excellent visibility, and strong surrounding demographics. The ground-floor restaurant space features 140 indoor seats, a 32-seat outdoor patio, and an additional 2,147 SF basement area with walk-in coolers, storage, and elevator access. The space comes with all existing equipment, furniture, and fixtures, plus an available liquor license, making it ideal for an operator ready to open quickly. The property blends historic charm with modern functionality—featuring exposed brick, stylish lighting, and updated mechanicals. The layout includes a full kitchen, prep area, bar, private dining zones, and restrooms, providing a perfect setup for a casual, upscale, or family dining concept.

Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

F45 Training, Inc.
Starbucks
Fresh Thyme Farmers Market
Citizens Bank
Chase Bank
Huntington National Bank
Tim Hortons
Flagstar Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-27-156-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$620,570
  • Listing ID: 38143433

  • Date on Market: 10/20/2025

  • Last Updated:

  • Address: 32821 Grand River Ave, Farmington Hills, MI 48336

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