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    10615 Loomis Rd Clare, MI 48617

    Sponsored
    For Sale
    $499,900

    Turnkey Business, Real Estate Included

    Property size:
    3,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional business opportunity encompasses a well-established bar and restaurant situated at 10615 N Loomis, Clare, MI, conveniently located off US 10 between Clare and Coleman, near the rail trail. The main bar/restaurant area boasts 3,100 square feet, complemented by an additional 1,216 square feet of space easily partitioned for private events. Recent updates include new furnaces, central air conditioning units, a commercial-grade side-by-side refrigerator, and fresh exterior paint, ensuring the building is in excellent condition. The sale includes the real estate, the established business, all equipment and fixtures, a Class C liquor license (permitting Sunday afternoon and outdoor sales), food service permits, and a lottery license. Adding to the investment potential, a 2-bedroom, 1.5-bathroom single-wide mobile home located at 11595 N. Loomis Rd. is included. Currently rented month-to-month for $500, this adds a supplemental income stream. The property sits on a 1.8-acre lot. Tax information reflects both parcels. A detailed inventory of all equipment and fixtures is available upon request. All dimensions are approximate. This is a rare opportunity to acquire a thriving business with significant upside potential.

    Property Features for 10615 Loomis Rd

    General Information

    Property type
    Investment properties
    Square Feet
    3,100 SF
    Lot Size
    78,408 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Loomis Lounge Bar & Grill

    Suggested Use

    Restaurant Bar & Pub Storage Facility Bed & Breakfast Smoke and Vape Shop Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Clare
    County
    Isabella
    State
    Michigan
    Longitude
    -84.66722
    Latitude
    43.79662

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    FAQs

    What type of property is this?
    Investment property - Turnkey Business, Real Estate Included
    Where is this investment property located?
    The property is located at 10615 Loomis Rd Clare, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    (989) 386-9840
    Request Owner's contact information
    10615 Loomis Rd Clare, MI 48617
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    Clare, MI 48617
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    Realmo Value Estimation

    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.

    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.

    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
    10615 Loomis Rd Clare, MI 48617
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