323 W Wright Avenue Shepherd, MI $ 489,000
323 W Wright Avenue
$ 489,000
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323 W Wright Avenue

Shepherd, MI, 48883
$ 489,000
Bedrooms-- Baths-- Sq 5,200

Monthly Estimate*

$ 3,011

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Commercial Property for sale in Shepherd, MI

for $489,000. 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

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Commercial Active

Price

$ 489,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial/Industrial

Lot Size

0.68

Year Built

1876

Town/City

Shepherd

County/Region

Isabella

MLS | Web ID

80066287

Features
General
Heating Forced Air
Possession Negotiable (Possession)
Roof Metal
Water Public Water
Status Active Active
Year Built 1876
Parking Parking Lot
Subdivision Village of Shepherd MI
County Isabella
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name The Shepherd's Inn
Ownership Private
Municipality Shepherd
Section 5
Zoning Commercial Residential
Sale/Rent For Sale
Status Detail 0
Commercial Features Bath
Area Shepherd (37020)
Primary City Shepherd
Location Shopping Center
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
Financial Terms Cash Conventional
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
DOM 9
Postal Code 48883
Price Per Sq Ft Total AG 94.04
Public Remarks
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Exterior
Exterior Frame Wood
Lot Size Area 0.68
Lot Dimensions 152X182.25
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Dave Feger

Listing Agent

Exp Realty Llc

Broker

dfeger17@gmail.com

Email

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.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2026$489,000 Listed Price

Map


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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 was built in 1876. The property's zip code is 48883 which is in Shepherd, MI