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Turnkey Grocery Store with Residence

8271 M-123 Paradise, MI 49768

Claim this Listing
For Sale
$449,900

COMMERCIAL - Paradise, MI

Property size:
5,720 SF
Price / SF:
$78/SF
Added:
Jun 3, 2026
Days on Market:
40
Last Refresh:
Jul 12 at 11:06 am

Property Features for 8271 M-123

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
Size
5,720 SF

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3240

Listing agent Jane Merrell License #6501437792

Listing office RE/MAX NorthStar Realty 1411 Ashmun St., Sault Ste. Marie, MI

Listing date Jun 3, 2026

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

Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Big Box & Wholesale Store Kitchen & Bath Showroom Computer & Electronic Repair Tech Support Center Food Market Travel Agency Building Supply

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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