10615 Loomis Rd, Clare, MI 48617-9509
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.
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Loomis Lounge Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.