32821 GRAND RIVER Avenue Farmington, MI ^$ 2,700,000

32821 GRAND RIVER Avenue

^$ 2,700,000

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32821 GRAND RIVER Avenue

Farmington, MI, 48336

^$ 2,700,000

Bedrooms-- Baths-- Sq 9,588

Monthly Estimate*

^$ 16,844

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Commercial Property for sale in Farmington, MI

for $2,700,000. This 9,588 square foot building was built in 2009 on a lot size of 0.77.

An excellent opportunity to own a newer, trendy, beautiful restaurant in the heart of Farmington downtown. Fantastic area with good foot traffic and limited competition. Located along the busy traffic of Grand River Ave., with great visibility. Completed renovation in 2020 and bought next lot to build an expansion 1,000 SF in 2022. A unique blend of 5,294 SF of exquisite first-floor dining, 4,294 SF of second-floor with 2 units of one bedroom/1.5 bath and 1 unit of 2 bedroom/2.1 bath apartments which brings $4,600/month additional cash flow. 2950 SF of fully utilized basement for catering and storage. It operates as a cajun seafood restaurant, and the new owner can easily convert it into another food service restaurant. Price includes real estate, all equipment, and business. Business only for $400,000. All information is deemed reliable but not guaranteed.

Commercial Active

Price

^$ 2,700,000

Property Type

Commercial

Taxes

^$ 34,767

Style

BusinessandRealEstate

Lot Size

0.77

Year Built

2009

Town/City

Farmington

County/Region

Oakland

MLS | Web ID

20250016230

Features

General

Sewer PublicSewer

Heating ForcedAir NaturalGas Zoned

Possession AtClose

Roof Asphalt

Construction Materials Brick

Year Built 2009

Levels Two

Property Subtype BusinessandRealEstate

Current Use Commercial MultiFamily Restaurant

Business Type Apartments Commercial

Accessibility AccessibleApproachWithRamp AccessibleElevatorInstalled AccessibleEntrance

County Oakland

Net Operating Income 134000.0

Operating Expense 600000.0

New Construction N

Property Type CommercialSale

HOA N

Attached Garage N

Subdivision Name ASSR'S PLAT NO 2 - CITY OF FARMINGTON

Garage Y/N N

Building Features Elevators

Status Active

Directions S GRAND RIVER

City FarmingtonCity_Oakland

Senior Community Y/N N

High School District Farmington

Zoning Description Commercial

Number Of Units Total 3

MLS Area Area02232Farmington

Lot Size Units Acres

Carport Y/N N

Number of Units Leased 3

Land Lease Y/N N

Tax Annual Amount 34767.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20250016230

Standard Status Active

Occupancy Type Owner

Tax Assessed Value 547100

TaxOtherAnnualAssessmentAmount 2485.0

Expected Active Date 2025-03-21

Legal Description T1N R9E SEC 27 ASSESSOR'S PLAT NO 2 LOT 19

Exterior

Parking Features Lighted ParkingLot

Water Source Public

Lot Size Area 0.77

Foundation Details Basement Poured

Spa N

Building Area Total 9588.0

Lot Dimensions 131 x 164

Lot Size Acres 0.77

Waterfront Y/N N

Road Frontage Type Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 9588.0

Internal Only

Street Number 1 32821

* Excluded Features

List By

Elisa C Y Chen

Listing Agent

Community Choice Realty Inc

Broker

(248) 613-0664

Phone

Affordability Calculator

$19,742

Per Month

Monthly Principal & Interest: $16,844
Monthly Property Taxes: $2,897
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Farmington, MI

Average List Price ^$865,278

Percent of Sale Price 68%

About Farmington, MI

10,159 Population

-2% Since 2002

^$65,786 Median Income

42.09 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848191 Elementary School

848334 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2025	$2,700,000	-10.00%	Price Down
3/21/2025	$3,000,000		Listed Price

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32821 GRAND RIVER Avenue, Farmington, MI, 48336 is a Commercial Property for sale at $2,700,000 with 9,588 sqft and a lot size of 0.77. 32821 GRAND RIVER Avenue was built in 2009. The property's zip code is 48336 which is in Farmington, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/21/2025.

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32821 GRAND RIVER Avenue

Commercial Property for sale in Farmington, MI

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