Back to search
323 W Wright Avenue Shepherd, MI $ 489,000
Share Save
$ 489,000 Get more info
323 W Wright Avenue
$ 489,000
Back to search
Recently Listed
Share Save

323 W Wright Avenue

Shepherd, MI, 48883
$ 489,000
Bedrooms-- Baths4.0 Sq 5,200

Monthly Estimate*

$ 3,011

323 W Wright Avenue, Shepherd, MI 48883 - Image 1
323 W Wright Avenue, Shepherd, MI 48883 - Image 2
323 W Wright Avenue, Shepherd, MI 48883 - Image 3
323 W Wright Avenue, Shepherd, MI 48883 - Image 4
323 W Wright Avenue, Shepherd, MI 48883 - Image 5
323 W Wright Avenue, Shepherd, MI 48883 - Image 6
323 W Wright Avenue, Shepherd, MI 48883 - Image 7
323 W Wright Avenue, Shepherd, MI 48883 - Image 8
323 W Wright Avenue, Shepherd, MI 48883 - Image 9
323 W Wright Avenue, Shepherd, MI 48883 - Image 10
323 W Wright Avenue, Shepherd, MI 48883 - Image 11
323 W Wright Avenue, Shepherd, MI 48883 - Image 12
323 W Wright Avenue, Shepherd, MI 48883 - Image 13
323 W Wright Avenue, Shepherd, MI 48883 - Image 14
323 W Wright Avenue, Shepherd, MI 48883 - Image 15
323 W Wright Avenue, Shepherd, MI 48883 - Image 16
323 W Wright Avenue, Shepherd, MI 48883 - Image 17
323 W Wright Avenue, Shepherd, MI 48883 - Image 18
323 W Wright Avenue, Shepherd, MI 48883 - Image 19
323 W Wright Avenue, Shepherd, MI 48883 - Image 20
323 W Wright Avenue, Shepherd, MI 48883 - Image 21
323 W Wright Avenue, Shepherd, MI 48883 - Image 22
323 W Wright Avenue, Shepherd, MI 48883 - Image 23
323 W Wright Avenue, Shepherd, MI 48883 - Image 24
323 W Wright Avenue, Shepherd, MI 48883 - Image 25
323 W Wright Avenue, Shepherd, MI 48883 - Image 26
323 W Wright Avenue, Shepherd, MI 48883 - Image 27
323 W Wright Avenue, Shepherd, MI 48883 - Image 28
323 W Wright Avenue, Shepherd, MI 48883 - Image 29
323 W Wright Avenue, Shepherd, MI 48883 - Image 30
323 W Wright Avenue, Shepherd, MI 48883 - Image 31
323 W Wright Avenue, Shepherd, MI 48883 - Image 32
323 W Wright Avenue, Shepherd, MI 48883 - Image 33
323 W Wright Avenue, Shepherd, MI 48883 - Image 34
323 W Wright Avenue, Shepherd, MI 48883 - Image 35
323 W Wright Avenue, Shepherd, MI 48883 - Image 36

Commercial Property for sale in Shepherd, MI

for $489,000 with 4 full baths. This 5,200 square foot building was built in 1876 on a lot size of 0.68.

Rare Historic Mixed-Use Opportunity Main Street Location! This historic building offers excellent income potential in one of Central Michigan’s most desirable areas. Currently configured as a mixed-use property with cash flow from both retail and short-term rental uses. Over 5000 finished sq ft. Current Configuration: Main floor: Operating retail/wellness shop Upper floors: Two fully functional and furnished Airbnb rental units Lower floor is mostly finished as well, with a separate basement entrance. Flexible History: Previously used as four separate apartment rentals, providing multiple options to convert back to traditional multifamily, student housing, or expanded commercial space. Open vacant side lot with yardage. Also large parking lot area. Prime Location Advantages: Adjacent to a family-friendly park Directly across from popular restaurants and thriving businesses Within 10 minutes of Central Michigan University (CMU) Less than 10 minutes from Soaring Eagle Casino & Resort Convenient access to Alma College

See more
Commercial Active

Price

$ 489,000

Full Bath

4

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.68

Year Built

1876

Town/City

Shepherd

County/Region

Isabella

MLS | Web ID

1943141
Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Possession Negotiable
Roof Metal
Construction Materials Frame Wood Siding
Year Built 1876
Township Village of Shepherd
Property Subtype Mixed Use
Business Type Retail
Accessibility None
Assoc Fee Paid Per Annually
Business Name The Shepherd's Inn
County Isabella
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Village of Shepherd
Garage Y/N N
Building Features None
Rent Includes None
Status Active
Directions On main street in Shepherd W. Wright Ave. Directly across from the Shepherd Bar & Restaurant property is on the South side of the street.
City Shepherd
Zoning Description Residential Commercial
Lot Size Units Acres
Lot Size Square Feet 29620.8
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 89000
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description COM 112 FT W OF NE COR LOT 7 BLK 3 VIL OF SHEPHERD TH S 100 FT TH E 22 FT TH S 30 FT TH W 10 FT TH S 17 FT TH W 89 FT TH S 35.25 FT TH W 75 FT TH N 182.25 FT TH E 152 FT TO POB
Year Built Effective 2024
Freehold IDX
See more
Interior
Basement Walk-Out Access Crawl Space Finished Rooms
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
See more
Exterior
Parking Features Parking Lot
Lot Features Shopping Center
Water Source Public
Lot Size Area 0.68
Foundation Details Poured Concrete Stone
Spa N
Lot Dimensions 152X182.25
Lot Size Acres 0.68
Road Surface Type Asphalt
Other Parking Parking Lot
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
See more
* Excluded Features
List By
Exp Realty Llc

Broker

(989) 965-3075

Phone

Affordability Calculator

$3,011
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,011
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/30/2026$489,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

323 W Wright Avenue, Shepherd, MI, 48883 is a Commercial Property for sale at $489,000 with 5,200 sqft and a lot size of 0.68. 323 W Wright Avenue has 4.0 baths and was built in 1876. The property's zip code is 48883 which is in Shepherd, MI

Get more info