Grocery Store with Attached
For Sale
$449,900
8271 M-123, Paradise, MI 49768
Commercial Sale, Paradise, MI
Property Size5,720 SF
Price / SF$78.65
Days on Market147
Property Features for 8271 M-123
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Employee, Handicap Access, High Traffic Locatn, High Visibility, Highway Access, Kitchen Area, Laundry, Living Quarters, Smoke Detectors, Storage
Accessibility
Accessible Approach with Ramp
Elementary school district
Whitefish
Middle school district
Whitefish
High school district
Whitefish
Directions
Center of Paradise. Look for the sign ''Paradise Foods Pantry''
Subdivision
52 - Paradise & Tahquamenon Areas
Standard status
Active
APN
016-222-045-00
Size
5,720 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3240
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating)
Water source
Well
Amenities
cooler and freezer capacity
delivery access
ample parking
attached garage/storage space
Building Details
Building materials
Masonry
Roof type
Flat, Rubber
Additional Structures
Storage
Listing Agency:
RE/MAX NorthStar Realty
(906) 635-1000
Listed By:
Jane Merrell · License #6501437792
(906) 748-1089
Added: May 19
Changed: Oct 8
Last Checked: Oct 12 at 1:06AM
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 5,720-square-foot grocery and convenience store includes cooler and freezer capacity, a liquor license, inventory, delivery access, parking, and attached garage and storage areas. The masonry building also provides a kitchen area, laundry, smoke detectors, and an accessible approach with ramp. A connected 3-bedroom residence creates an on-site living component and may support owner occupancy or short-term rental use.
Located at 8271 M-123 in Paradise, Michigan, the property has highway access and uses well water and a septic tank. Building systems include propane heating and a flat rubber roof. Recent property updates include a new roof membrane completed in 2025 and a newer refrigeration compressor. The grocery operation has been run by the current owners since 1995, with established vendor relationships and included inventory.
Located at 8271 M-123 in Paradise, Michigan, the property has highway access and uses well water and a septic tank. Building systems include propane heating and a flat rubber roof. Recent property updates include a new roof membrane completed in 2025 and a newer refrigeration compressor. The grocery operation has been run by the current owners since 1995, with established vendor relationships and included inventory.
Key Highlights
- 5,720 sq. ft. grocery and convenience store
- Attached 3‑bedroom residence with owner‑occupancy or short‑term rental potential
- Cooler and freezer capacity, liquor license, and included inventory
Property Analytics
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established grocery operation with refrigeration, delivery access, parking, and attached living quarters.
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. grocery and convenience store; Attached 3‑bedroom residence with owner‑occupancy or short‑term rental potential; Cooler and freezer capacity, liquor license, and included inventory
