Building Details

Year Built 1930

Listing Agency: CENTURY 21 North Country Agency

Listed By: Darren Lasanen · License #MI

Source: Crexi

Added: Jun 20 Changed: Aug 8 Last Checked: Jul 24 at 11:49AM

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Investment Insights

Based on property information with market context.

The Wolverine Market is a longstanding grocery and convenience store serving local residents and travelers moving through the Keweenaw. The offering includes the established retail operation and its built-in market recognition, positioned for a new owner looking to continue the business or apply their own direction.

Located on US-41, the property is described as one of the first stops when leaving Calumet and heading deeper into the Keweenaw. The presentation emphasizes strong visibility and steady traffic from the highway corridor, factors that can be important for convenience-oriented retail.

A key component of the transaction is the availability of a beer and wine license to be transferred to the new owner for an additional $20,000. This can support operators interested in expanding beyond everyday convenience items, subject to buyer due diligence and the terms required for transfer. As with any acquisition, buyers are advised to inspect and verify all property-related details and to confirm tax and other municipal factors after sale, as taxes may change and reassessment may occur.

Key Highlights

• Wolverine Market built in 1930
• Located on US‑41
• Beer and Wine license available to be transferred to the new owner for an additional $20,000

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Garden Center Big Box & Wholesale Store Travel Agency Building Supply Restaurant Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49913, MI

7,218

Population

3,990

Households

1.8

Avg Household Size

42

Median Age

25%

College-Educated

93%

High-School Grad

75.5 sq mi

ZIP Area

96

Density / Sq Mi

$50,469

Median Household Income

$31,667

Median Earnings

$678

Median Rent

$92,700

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 - Well-known Wolverine Market on US-41 offers visibility and steady traffic, with a transferable beer and wine license option.

Where is this grocery and convenience store located?

The property is located at 58890 Us 41 Kearsarge, MI.

What is the asking price?

The asking price for this property is $79,500.

What are key features of this property?

This property features: Wolverine Market built in 1930; Located on US‑41; Beer and Wine license available to be transferred to the new owner for an additional $20,000