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- LoopNet Team
604 N McEwan St
Clare, MI 48617
Doherty Hotel & Conference Center · Hospitality Property For Sale · 212,399 SF
Investment Highlights
- Diverse Income Generators from Hotel-Guest Rooms, Restaurant & Bar, Banquet Facilities, and Convention Center.
- Unique Historic Boutique Property within the Clare Michigan Submarket.
- Major renovations & capital expenditures in recent years bringing the Property up to date in both interior & exterior.
- Conveniently a 20-minute drive from Soaring Eagle Casino, Central Michigan University, and Firefly Golf Links Course.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 212,399 SF |
| Property Subtype | Hotel | Number of Floors | 4 |
| Building Class | C | Year Built | 1924 |
| Lot Size | 3.45 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.45 AC |
| Building Size | 212,399 SF |
| Number of Floors | 4 |
| Year Built | 1924 |
| Corridor | Interior |
Amenities
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wi-Fi
- Smoke-Free
- Hot Tub
About 604 N McEwan St , Clare, MI 48617
Once home to a speakeasy during prohibition, this amenity-rich hotel includes 157-guest rooms, an Irish Pub, with banquet & conference facilities. Notable facility amenities include an indoor heated pool & jacuzzi and electric vehicle charging stations. Located in the heart of golf country and only 20 minutes from Soaring Eagle Casino, the property sits on 3.45 acres. There are exceptional revenues with major upside potential for new ownership to increase bottom line. The Doherty Hotel & Conference Center operates on a Seasonal Business Year starting on Oct. 1 and ending on Sept. 30. Multigenerationally owned (90+ Years) with unique historical presence in the City of Clare and well established reputation. Located off US-10/US-127 (20,000+ VPD) and on McEwan Street (11,000+ VPD) realizing 17% traffic volume growth in 2021. Less than 20 Minutes from Soaring Eagle Casino, Central Michigan University, and 5+ Golf Courses. This property is well-positioned geographically and allows investors to purchase a Full-Service asset that will benefit from a projected uptick in drive-to tourism Strong interest from several hotel brands with key money available. Potential for new management/ownership to drive up topline revenue by franchising opportunities and decrease expense load. No Upper Midscale competition within 20-mile radius. Emerging Commercial & Industrial Area with development underway.
PROPERTY TAXES
| Parcel Number | 051-059-001-02 | Improvements Assessment | £1,719,434 |
| Land Assessment | £73,942 | Total Assessment | £1,793,375 |
PROPERTY TAXES
zoning
| Zoning Code | CM (Commercial) |
| CM (Commercial) |
