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    OFF-MARKET
    Commercial real estate

    10615 Loomis Rd, Clare, MI 48617-9509

    1.3 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-3387110
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.3 ac (56,628 SF)
    APN 16-050-00-039-00
    UPID US43-3387110
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Loomis Lounge Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    JEFF LOWER
    JEFF LOWER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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