323 W Wright Avenue, Shepherd, MI 48883

Building Details

Building materials

Frame

Roof type

Metal

Listing agent Dave Feger License #6501398110 Show Phone

Listing office EXP REALTY LLC L***@exprealty.com 39555 Orchard Hill Place Suite 600, Troy, MI Show Phone

Listing date Mar 21, 2026

Report an issue

MLS# 1943141

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This historic mixed-use building is offered for sale with a current configuration that combines an operating retail/wellness shop on the main floor with two fully functional, furnished short-term rental units on the upper floors. The lower level is mostly finished and includes a separate basement entrance, providing additional flexibility for future use or reconfiguration. The property totals about 5,200 square feet, and the site includes an open, vacant side lot, along with a large parking lot area.

Located at 323 W Wright Avenue in Shepherd, Michigan, the building sits in a walkable Main Street context. The property is adjacent to a family-friendly park and directly across from popular restaurants and thriving businesses, with convenient access to Central Michigan University, Soaring Eagle Casino & Resort, and Alma College.

Designed for owners seeking a property with both retail and short-term rental income streams, the layout supports multiple operating strategies. It also offers the option to return toward multifamily-style use given the building’s prior rental configuration history, while the additional site area and lower-level access can help accommodate changing tenant and operational needs.

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Law Firm Department Store Hair Salon Skin Care Clinic Kitchen & Bath Showroom Grocery & Convenience Store Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Shepherd

County

Isabella

State

Michigan

Longitude

-84.695664

Latitude

43.524002

Nearby Similar for Sale

• 

  $489,000

  5,000 SF

  Historic Multi-Family with Four Units

  Historic 4-unit configuration with basement, side yard, and parking for flexible rental or owner-occupied income use.

  323 W Wright Avenue, Shepherd, MI 48883

  View Details
• 

  $175,000

  3,612 SF

  Corner-Lock Industrial Live/Work Building

  Industrial-style bay space with tall garage doors plus compact upstairs living quarters for a flexible live/work layout.

  5496 W Isabella Road, Shepherd, MI 48883

  View Details
• 

  $175,000

  3,612 SF

  Industrial Live-Work Building with Tall Doors

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

  5496 W Isabella Rd, Shepherd, MI

  View Details
• 

  $489,000

  5,000 SF

  Historic Mixed-Use Income Opportunity

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

  323 W Wright Ave, Shepherd, MI 48883

  View Details

FAQs

What type of property is this?

Short term rental property - For sale with operating retail and furnished short-term rentals plus parking and a vacant side lot.

Where is this short term rental property located?

The property is located at 323 W Wright Avenue Shepherd, MI.

What is the asking price?

The asking price for this property is $489,000.

What are key features of this property?

This property features: 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