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    8036 N CLARE Avenue Harrison, MI 48625

    View on Map
    For Sale
    $395,000

    Business And Real Estate - Harrison, MI

    Property size:
    1,110 SF
    Lot size:
    1.00 Acre
    Added:
    Mar 28, 2025
    Days on Market:
    370
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 8036 N CLARE Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Exterior features
    Garage
    Standard status
    Active
    APN
    00302230005
    Size
    1,110 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    TaxAnnualAmount
    3402
    Expense value
    250000
    Expense
    Security Deposit
    Expense freq.
    Once

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1950
    Year renovated
    2025
    Floors in Building
    1
    Building materials
    Brick, Stucco
    Roof type
    Asphalt
    Architectural style
    Other
    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    John Kurczak
    John Kurczak

    Listing agent John Kurczak

    Listing office Keller Williams Paint Creek 440 S Main Street, Troy, MI

    Listing date Mar 28, 2025

    MLS# 20250021148 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Liquor Store & House Opportunity

    This investment opportunity features a cash-flowing corner liquor store and a two-bedroom house. The property is strategically located just south of Houghton Lake, between Down Hours Shady Acres Campground and Tamaracks Golf Course, near Long Lake. The offering includes the building, the business, and a liquor license. The house has a 15 x 26 addition and a 20 x 28 garage. Situated on a one-acre lot at a hard corner, the property offers ample parking. The building size is 1110 square feet. This commercial property is located in Harrison, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Long Lake Party ... Party Supply Store

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Bar & Pub Bakery Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Family Fare Supermarket — 1570 N Clare Ave, Harrison, MI 48625
    • Save A Lot — 158 N 1st St, Harrison, MI 48625

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Clare
    State
    Michigan
    Longitude
    -84.789113
    Latitude
    44.110969

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    FAQs

    What type of property is this?
    Grocery and convenience store - Cash-flowing liquor store, house, and license near Houghton Lake.
    Where is this grocery and convenience store located?
    The property is located at 8036 N CLARE Avenue Harrison, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Cash‑flowing corner liquor store business with valuable liquor license included.; Prime location between Down Hours Shady Acres Campground and Tamaracks Golf Course, near Long Lake.; Includes a comfortable two‑bedroom home with a 15 x 26 addition.
    (248) 649-7200
    We can help!
    Listing Contact
    John Kurczak
    John Kurczak
    Real Estate License ID: 6501258219
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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