About This Home

This 0-bedroom, 0-bathroom commercial at 8271 M-123 in Paradise, MI is listed for $449,900 ($79 per sqft). the home offers 5,720 sqft of living space on a N/A lot.

Listing Description

Successfully operated by the current owners since 1995, the Paradise grocery store is a rare turnkey opportunity in one of Michigan's premier Upper Peninsula destinations. Serving locals, seasonal homeowners, and outdoor enthusiasts, the business has built a loyal customer base and strong community reputation.

The 5,720 sq. ft. property includes extensive cooler and freezer capacity, liquor license, included inventory, delivery access, ample parking, and attached garage/storage space. Recent updates include a new roof membrane in 2025 and newer refrigeration compressor.

The attached 3-bedroom residence offers owner occupancy or short-term rental potential. Limited competition, growing tourism, and expanding STR activity continue to drive strong traffic and future growth opportunities. Consistent seasonal traffic fueled by the continued growth of tourism, short-term rentals, and second-home development throughout the region.

Established vendor relationships, proven operating systems, and decades of community recognition create a strong foundation for continued success, while offering exciting potential for expanded year-round operations as the Paradise area continues to grow. This is a unique opportunity to step into a profitable, community-centered business with deep local roots and exceptional future potential.

Monthly Cost Estimate

$2,406/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

8271 M-123

Paradise, MI 49768

Features & Amenities

Exterior Features

EmployeeHandicap AccessHigh Traffic LocatnHigh VisibilityHighway AccessKitchen AreaLaundryLiving QuartersSmoke DetectorsStorage

Property Details

Construction

Masonry

Heating

Propane (Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 8271 M-123 is listed at $449,900 ($79/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Exterior Features: Employee, Handicap Access, High Traffic Locatn.

This property is listed by Jane Merrell and can be reached at 9067481089.

JM

Jane Merrell

Agent at RE/MAX NorthStar Realty

(906) 748-1089
Agent website

Listed by RE/MAX NorthStar Realty · Broker phone: (906) 635-1000 · Broker website

MLS# 26-294· Source: Eastern Upper Peninsula Board of REALTORS· 153 days on PropertySimple

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.

8271 M-123, Paradise, MI 49768

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