32821-32905 Grand River Ave
Mixed Use | 9,584 SqFt | Retail, Multi-Family & Expansion Potential in Downtown Farmington
Marketing description
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 turnkey 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.
Investment highlights
- Rare Downtown Mixed-use Asset This Property Represents One of the Few True Mixed-use Buildings Available in the Heart of Downtown Farmington, an Area Known for Its High Tenant Demand. The Asset Combines a Fully Equipped Restaurant With Three Luxury Apartments on the Upper Level—offering Investors a Diversified Income Stream in a Prime Suburban Downtown Setting.
- Stabilized Income With Upside All Three Apartment Units Are Fully Occupied, Ensuring Immediate Cash Flow, Yet Are Currently Leased at Below-market Rental Rates, Providing Significant Upside Potential Through Future Rent Adjustments. The Property’s Residential Stability and Strong Local Rental Demand Create a Dependable Income Foundation With Room for Value Growth
- Turnkey Restaurant Opportunity the First Floor Features a Full-service Restaurant Featuring 140 Indoor Seats, a 32-seat Patio, and a Basement Equipped With Coolers, Storage, and Elevator Access. The Sale Includes All Restaurant Equipment, Furnishings, and a Liquor License, Providing an Outstanding Turnkey Opportunity for an Investor or Owneroperator.
- Prime Downtown Location Positioned Along Grand River Avenue, One of Metro Detroit’s Most Heavily Traveled Corridors, the Property Offers Excellent Visibility and Convenient Access. Tenants Benefit From Being Steps Away From Downtown Farmington’s Thriving Mix of Shops, Restaurants, Events, and Entertainment Venues, Drawing Consistent Foot Traffic and Community Engagement Year-round
- Ample Parking & Modern Amenities With 39 on-site Parking Spaces, This Property Offers an Uncommon Level of Convenience for a Downtown Location. Additional Amenities Include Elevator Access to Upper-floor Apartments and Individually Metered Hvac and Utilities for Each Unit—ensuring Operational Efficiency and Tenant Satisfaction.
- Future Expansion Potential the Property is an Approved Pud Project, Presenting the Opportunity to Develop a Phase Ii Expansion With 2–4 Additional Stories of Mixed-use Space. This Could Include New Apartments, Retail, or Restaurant Space, Allowing Investors to Maximize Site Potential and Long-term Returns in One of Oakland County’s Most Soughtafter Downtown Environments.
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