10459 Clare Ave Clare, MI 48617-8909
Property profile & analytics
10459 Clare Ave Clare, MI 48617-8909
- Commercial land
- 1.00 lot acres
Property ID
US43-2164925
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Biggby Coffee / Cafe & Coffee Shop
Property Details for 10459 Clare Ave
- Lot size
- 1.00 lot acres
- Property type
- Commercial land
- APN
- 015-026-300-36
- APU
- 1502630036
Description
This exceptional investment opportunity presents a fee-simple ownership of a top-five performing Biggby Coffee location in Clare, Michigan. The property boasts a brand-new 15-year net lease with a franchisee tenant, featuring a 1.5% annual rent increase. The 500-square-foot building, constructed in 2023, sits on a one-acre lot and enjoys 100% occupancy. The current NOI is $72,000, yielding a 7.00% cap rate, with a sale price of $1,028,571 ($2,057.14/sq ft). The lease includes two and five-year renewal options. This prime location benefits from its position on US Routes 127 and 10, providing excellent visibility and accessibility. The store's strong performance is reflected in its low rent-to-sales ratio of 6.5%, indicating significant potential for future growth. Clare, Michigan, offers a blend of small-town charm and proximity to larger metropolitan areas like Lansing, Midland, Grand Rapids, and Traverse City. The property's oversized lot provides flexibility for future expansion or development. This is an ideal investment for those seeking a stable, high-yielding, and low-maintenance asset with significant long-term potential. The Biggby Coffee brand has system-wide sales exceeding $200 million in 2023 and over 370 stores nationwide, demonstrating its robust market presence and consumer demand. This particular location's success is further enhanced by the development of a new shopping center nearby, promising increased foot traffic and sales growth.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Clare
- County
- Clare
- State
- Michigan
- Longitude
- -84.7668
- Latitude
- 43.836
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,129
$26,400
$0.00
$26,400
-
$52,800
$0.00
$52,800
