Jenifer Street Market lives on
Updated: Dec. 19, 2019
Steve McKenzie, co-owner of the Jenifer Street Market, and supporters of the local grocery store, are breathing a sigh of relief today. McKenzie offered the highest bid for the store’s property and parking lot at a closed-door land auction Dec. 16, securing its place for years to come.
The grocery store land and parking lot was reportedly sold to Creative Grocery Concepts, doing business as Jenifer Street Market, for $925,000, more than twice its assessed value. About $65,000 of that was raised by a community fundraising campaign.
It couldn’t have happened without the neighborhood rallying together, he told In Business, which helped push McKenzie’s bid over the top. Other bidders recognized those deeply engrained roots, as well, he said.
Schoep’s Ice Cream on Madison’s east side went into receivership several months ago. Last evening, its assets were sold, including the adjacent market. McKenzie had leased the property and its parking lot from Schoep’s and had tried to purchase it previously to no avail. There was concern that another bidder could purchase the entire Schoep’s property, forcing the store to relocate or close altogether.
That didn’t happen, McKenzie says, because of the support the store received from the Shenk-Atwood-Starkweather-Yahara (SASY) neighborhood and a hastily-formed SASY Business Development Association.