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    Shepherd, MI

    Shepherd, MI Commercial Real Estate for Sale

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    Mt Pleasant, MI Alma, MI Saint Louis, MI Riverdale, MI Elwell, MI Midland, MI Breckenridge, MI Elm Hall, MI
    Historic Mixed-Use Building
    Updated: Mar 21
    Historic Mixed-Use Building

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft 0.68 AC lot
    5,200‑square‑foot mixed‑use building on 0.68 acres
    Main‑floor retail and wellness shop
    Two furnished short‑term rental units on the upper floors
    Mostly finished lower level with separate basement entrance
    Previously configured as four separate apartment rentals
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    Downtown Storefront Property
    Updated: Jul 28
    Downtown Storefront Property

    235 W Wright Avenue, Shepherd, MI 48883

    $75,000
    550 sqft
    550‑square‑foot storefront property
    Downtown Shepherd location at 235 W Wright Avenue
    Frame construction with vinyl exterior
    Membrane roof
    One bathroom
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    Flex Space with Garage Doors
    Flex Space with Garage Doors

    5496 W Isabella Road, Shepherd, MI 48883

    $175,000
    3,612 sqft 0.84 AC lot

    Block construction, a metal roof, and upstairs living quarters support a practical live/work configuration.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Signalized Corner Commercial Land
    Signalized Corner Commercial Land

    Shepherd, MI 48883

    $44,900

    Two-parcel commercial land at a signalized intersection.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Development Land
    Commercial Development Land

    8000 E Pickard Rd, Mount Pleasant, MI 48858

    $3,010,000
    65.79 AC lot

    65.79 acres offered for mixed-use development, with flexibility for retail and commercial uses.

    View details
    Commercial Land with Gravel Driveway
    Commercial Land with Gravel Driveway

    9926 E Pickard Road, Mount Pleasant, MI 48858

    $159,900
    3.50 AC lot

    Commercial development land with an installed crushed gravel driveway and access to public water.

    View details
    Vacant Commercial Land
    Vacant Commercial Land

    E Pickard Road lot: #4, Mt Pleasant, MI 48858

    $121,000
    5.00 AC lot

    Commercially zoned land with a countryside setting and direct road identification on E Pickard Road.

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    Commercial Land
    Commercial Land

    E Pickard Road lot: #3, Mt Pleasant, MI 48858

    $121,000
    5.00 AC lot

    Commercial-zoned land with a countryside view along E Pickard Road in Mt. Pleasant.

    View details

    Off-Market Properties in Shepherd, MI

    Consider similar Off-Market properties in Shepherd, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5356 School Rd
    COMMERCIAL (GENERAL)

    5356 School Rd, Shepherd, MI 48883-9626

    Estimated value: by Request
    3.05 AC lot
    View details
    4993 Isabella Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    4993 Isabella Rd, Shepherd, MI 48883-9676

    Estimated value:
    $510,000
    8,640 sqft 2.00 AC lot
    View details
    5369 Isabella Rd
    COMMERCIAL (GENERAL)

    5369 Isabella Rd, Shepherd, MI 48883-9619

    Estimated value:
    $120,000
    22.77 AC lot
    View details
    7631 Wn County Line Rd
    COMMERCIAL (GENERAL)

    7631 Wn County Line Rd, Shepherd, MI 48883

    Estimated value:
    $235,000
    5.00 AC lot
    View details
    5455 Isabella Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    5455 Isabella Rd, Shepherd, MI 48883-9619

    Estimated value:
    $410,000
    9,170 sqft 1.78 AC lot
    View details
    4235 Isabella Rd
    RETAIL STORES (PERSONAL SERVICES)

    4235 Isabella Rd, Shepherd, MI 48883-8617

    Estimated value:
    $100,000
    2,736 sqft 1.00 AC lot
    View details
    352 Wright Ave, Unit 9
    COMMERCIAL (GENERAL)

    352 Wright Ave, Shepherd, MI 48883-9375

    Unit 9
    Estimated value: by Request
    View details
    204 Wright Ave, Unit 8
    COMMERCIAL (GENERAL)

    204 Wright Ave, Shepherd, MI 48883-2502

    Unit 8
    Estimated value: by Request
    View details
    239 Wright Ave, Unit 7
    COMMERCIAL (GENERAL)

    239 Wright Ave, Shepherd, MI 48883-2502

    Unit 7
    Estimated value: by Request
    View details
    309 Wright Ave, Unit 7
    COMMERCIAL (GENERAL)

    309 Wright Ave, Shepherd, MI 48883-2515

    Unit 7
    Estimated value:
    $200,000
    0.13 AC lot
    View details
    309 Wright Ave, Unit 7
    VACANT COMMERCIAL LAND

    309 Wright Ave, Shepherd, MI 48883-2515

    Unit 7
    Estimated value: by Request
    0.10 AC lot
    View details
    106 Wright Ave, Unit 6
    COMMERCIAL (GENERAL)

    106 Wright Ave, Shepherd, MI 48883-2500

    Unit 6
    Estimated value:
    $220,000
    View details
    249 Wright Ave, Unit 4
    COMMERCIAL (GENERAL)

    249 Wright Ave, Shepherd, MI 48883-2502

    Unit 4
    Estimated value: by Request
    0.05 AC lot
    View details
    168 Wright Ave, Unit 36
    COMMERCIAL (GENERAL)

    168 Wright Ave, Shepherd, MI 48883-9079

    Unit 36
    Estimated value:
    $195,000
    View details
    365 Wright Ave, Unit 3
    VACANT COMMERCIAL LAND

    365 Wright Ave, Shepherd, MI 48883

    Unit 3
    Estimated value: by Request
    0.15 AC lot
    View details
    362 Wright Ave, Unit 28
    COMMERCIAL (GENERAL)

    362 Wright Ave, Shepherd, MI 48883-5166

    Unit 28
    Estimated value: by Request
    0.05 AC lot
    View details
    258 Wright Ave, Unit 24
    COMMERCIAL (GENERAL)

    258 Wright Ave, Shepherd, MI 48883-5162

    Unit 24
    Estimated value:
    $205,000
    View details
    232 Wright Ave, Unit 20
    VACANT COMMERCIAL LAND

    232 Wright Ave, Shepherd, MI 48883

    Unit 20
    Estimated value: by Request
    0.10 AC lot
    View details
    258 Wright Ave, Unit 2
    VACANT COMMERCIAL LAND

    258 Wright Ave, Shepherd, MI 48883-5162

    Unit 2
    Estimated value: by Request
    View details
    232 Wright Ave, Unit 18
    VACANT COMMERCIAL LAND

    232 Wright Ave, Shepherd, MI 48883

    Unit 18
    Estimated value: by Request
    0.10 AC lot
    View details

    Shepherd, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Shepherd, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,362 square feet of properties for sale, with an estimated market value of $783,900.

    Sale prices for business properties in Shepherd, MI start at $44,900, averaging $195,975, and reaching up to $489,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Shepherd, MI CRE market trends — vacancy, lease rates and price per SF, updated monthly
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    Demographics Overview

    Population 6,755
    Population Growth (5Y) -2.3%
    Median Household Income $66,364
    College Educated 26.7%

    High-Yield Neighborhoods for Investment

    Identify Shepherd submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48883 $196K

    Taxes & Financing

    Tax Rate (average for all types) 4.58%
    Property Tax per SF $89.48 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Isabella County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Isabella County

    Office

    Residential Income

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