10615 Loomis Rd Clare, MI 48617
- Commercial real estate
- 1.30 lot acres
Current Use by Public Records
- Loomis Lounge / Bar & Grill
Property Details for 10615 Loomis Rd
- Lot size
- 1.30 lot acres
- Property type
- Commercial real estate
- APN
- 16-050-00-039-00
- APU
- 160500003900
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clare
- County
- Isabella
- State
- Michigan
- Longitude
- -84.6674
- Latitude
- 43.7966
- CBSA code
- 34380
- CBSA name
- MOUNT PLEASANT, MI MICROPOLITAN STATISTICAL AREA
