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Shepherd, MI

Shepherd, MI Commercial Real Estate for Sale

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Mt Pleasant, MI Saint Louis, MI Alma, 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

Historic mixed‑use building with 5,000+ finished SF, currently generating cash flow from retail and short‑term rentals
Main floor operating retail/wellness shop with upper floors featuring two fully functional, furnished Airbnb rental units
Lower floor is mostly finished and includes a separate basement entrance for added layout flexibility
Wood frame construction with a metal roof
Large on‑site parking lot plus an open vacant side lot with yardage

Corner-Lock Industrial Live/Work Building

Updated: May 26, 2025

Corner-Lock Industrial Live/Work Building

5496 W Isabella Road, Shepherd, MI 48883

$175,000

3,612 sqft · 0.84 AC lot

Corner‑lock industrial building on a prominent corner lot
Tall garage doors for versatile industrial/storage use
Metal roof and block construction
Parking lot on‑site
Includes compact upstairs living quarters for a live/work setup

Industrial Live-Work Building with Tall Doors

Industrial Live-Work Building with Tall Doors

5496 W Isabella Rd, Shepherd, MI 48883

$175,000

3,612 sqft

Corner industrial property with tall garage doors and compact upstairs living quarters for live/work flexibility.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Historic Mixed-Use Income Opportunity

Historic Mixed-Use Income Opportunity

323 W Wright Ave, Shepherd, MI 48883

$489,000

5,000 sqft

Rare mixed-use property with retail and short-term rental income.

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.

Wooded Acreage with Hunting Cabin

Wooded Acreage with Hunting Cabin

Mount Pleasant, MI 48858

$319,900

39.00 AC lot

40 acres with cabin, creek, excellent hunting potential.

Commercial Land for Development

Commercial Land for Development

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

$121,000

5.00 AC lot

A zoned commercial site offering acreage for planned business uses near Mt. Pleasant.

Commercial Land Site

Commercial Land Site

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

$121,000

5.00 AC lot

For-sale commercial acreage in Mt. Pleasant, suited for buyers seeking flexible site options.

Commercial Land on M20

Commercial Land on M20

9926 East Pickard Road, Mount Pleasant, MI 48858

$159,900

152,460 sqft · 3.50 AC lot

Commercial land available near casino and downtown Mount Pleasant.

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.

COMMERCIAL (GENERAL)

5356 School Rd, Shepherd, MI 48883-9626

Value Estimation by Request

3.05 AC lot

4993 Isabella Rd

WHOLESALE OUTLET, DISCOUNT STORE

4993 Isabella Rd, Shepherd, MI 48883-9676

Value Estimation by Request

8,640 sqft · 2.00 AC lot

5369 Isabella Rd

COMMERCIAL (GENERAL)

5369 Isabella Rd, Shepherd, MI 48883-9619

Value Estimation by Request

22.77 AC lot

7631 Wn County Line Rd

COMMERCIAL (GENERAL)

7631 Wn County Line Rd, Shepherd, MI 48883

Value Estimation by Request

5.00 AC lot

5455 Isabella Rd

WHOLESALE OUTLET, DISCOUNT STORE

5455 Isabella Rd, Shepherd, MI 48883-9619

$520,000

Estimated value

9,170 sqft · 1.78 AC lot

4235 Isabella Rd

RETAIL STORES (PERSONAL SERVICES)

4235 Isabella Rd, Shepherd, MI 48883-8617

Value Estimation by Request

2,736 sqft · 1.00 AC lot

352 Wright Ave, Unit 9

COMMERCIAL (GENERAL)

352 Wright Ave, Shepherd, MI 48883-9375

Unit 9

Value Estimation by Request

204 Wright Ave, Unit 8

COMMERCIAL (GENERAL)

204 Wright Ave, Shepherd, MI 48883-2502

Unit 8

Value Estimation by Request

239 Wright Ave, Unit 7

COMMERCIAL (GENERAL)

239 Wright Ave, Shepherd, MI 48883-2502

Unit 7

Value Estimation by Request

309 Wright Ave, Unit 7

COMMERCIAL (GENERAL)

309 Wright Ave, Shepherd, MI 48883-2515

Unit 7

Value Estimation by Request

0.13 AC lot

309 Wright Ave, Unit 7

VACANT COMMERCIAL LAND

309 Wright Ave, Shepherd, MI 48883-2515

Unit 7

Value Estimation by Request

0.10 AC lot

106 Wright Ave, Unit 6

COMMERCIAL (GENERAL)

106 Wright Ave, Shepherd, MI 48883-2500

Unit 6

Value Estimation by Request

249 Wright Ave, Unit 4

COMMERCIAL (GENERAL)

249 Wright Ave, Shepherd, MI 48883-2502

Unit 4

Value Estimation by Request

0.05 AC lot

168 Wright Ave, Unit 36

COMMERCIAL (GENERAL)

168 Wright Ave, Shepherd, MI 48883-9079

Unit 36

Value Estimation by Request

365 Wright Ave, Unit 3

VACANT COMMERCIAL LAND

365 Wright Ave, Shepherd, MI 48883

Unit 3

Value Estimation by Request

0.15 AC lot

362 Wright Ave, Unit 28

COMMERCIAL (GENERAL)

362 Wright Ave, Shepherd, MI 48883-5166

Unit 28

Value Estimation by Request

0.05 AC lot

258 Wright Ave, Unit 24

COMMERCIAL (GENERAL)

258 Wright Ave, Shepherd, MI 48883-5162

Unit 24

Value Estimation by Request

232 Wright Ave, Unit 20

VACANT COMMERCIAL LAND

232 Wright Ave, Shepherd, MI 48883

Unit 20

Value Estimation by Request

0.10 AC lot

258 Wright Ave, Unit 2

VACANT COMMERCIAL LAND

258 Wright Ave, Shepherd, MI 48883-5162

Unit 2

Value Estimation by Request

232 Wright Ave, Unit 18

VACANT COMMERCIAL LAND

232 Wright Ave, Shepherd, MI 48883

Unit 18

Value Estimation by Request

0.10 AC lot

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 17,424 square feet of properties for sale, with an estimated market value of $1,328,000.

Sale prices for business properties in Shepherd, MI start at $175,000, averaging $332,000, 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.

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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	$293.6K

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

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