Building Details

Number of units 2

Listing Agency: RE/MAX NorthStar Realty Show Phone

Listed By: Jane Merrell · License #6501437792 Show Phone

Added: Jul 14 Changed: Aug 4 Last Checked: Aug 27 at 11:06PM

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MLS# 26-294

Copyright © 2026 Eastern Upper Peninsula Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This turnkey grocery store opportunity has been successfully operated by the current owners since 1995. The 5,720-square-foot property includes extensive cooler and freezer capacity and comes with a liquor license, included inventory, and delivery access. Ample parking supports customer traffic, and the building also features attached garage/storage space for added convenience. A key component of the setup is the attached 3-bedroom residence, offering flexibility for owner occupancy or other lodging arrangements.

The property is located at 8271 M-123 in Paradise, Michigan (Chippewa County). Zoning is listed as Commercial. Recent improvements include a new roof membrane in 2025 and a newer refrigeration compressor, helping support continued food and beverage operations.

For buyers seeking a ready-to-operate retail food business, this site is designed around refrigeration-intensive grocery merchandising, with practical on-site space for handling deliveries and storing goods. The attached residence can reduce off-site housing needs and may appeal to owner-operators or operators looking to consolidate work and living space. The inclusion of inventory and the liquor license make this a more complete operating package than a typical retail shell.

Key Highlights

• 5,720 sq. ft. Paradise grocery store operated by current owners since 1995
• Includes extensive cooler and freezer capacity plus a liquor license
• Recent updates: new roof membrane in 2025 and newer refrigeration compressor

Property Analytics

Current Use

Grocery and convenience stores

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49768, MI

403

Population

893

Households

0.5

Avg Household Size

64

Median Age

27%

College-Educated

97%

High-School Grad

183.7 sq mi

ZIP Area

2

Density / Sq Mi

$67,813

Median Household Income

$21,750

Median Earnings

$572

Median Rent

$198,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Turnkey grocery business and retail property with major refrigeration capacity, liquor license, and an attached 3-bedroom home.

Where is this grocery and convenience store located?

The property is located at 8271 M-123 Paradise, MI.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: 5,720 sq. ft. Paradise grocery store operated by current owners since 1995; Includes extensive cooler and freezer capacity plus a liquor license; Recent updates: new roof membrane in 2025 and newer refrigeration compressor