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    227 Wright Ave Shepherd, MI 48883

    Sponsored
    For Sale
    $55,000

    Prime location, 576 sq ft, endless possibilities.

    Property size:
    576 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This 576-square-foot industrial property, located at 227 W Wright in Shepherd, MI, presents a remarkable opportunity for entrepreneurs. Situated on a 0.05-acre lot, this building boasts a prime commercial location on a well-traveled route within the village. Previously used as an ice cream parlor, the property features an inviting storefront, ready for immediate occupancy and customization. The building offers ample potential for a variety of businesses. A spacious area behind the building provides extra space ideal for outdoor seating, storage expansion, or other operational needs. This versatile space allows for creative expansion and unique customer experiences. Note that existing ice cream equipment is sold separately. This property is perfect for those seeking a thriving business environment in a close-knit community. Don't miss this chance to establish or relocate your business in this well-positioned location. Schedule a showing to explore the possibilities.

    Property Features for 227 Wright Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    576 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Sugar Shack Ice Cream Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Pharmacy Skin Care Clinic Auto Repair Shop Daycare Center Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Shepherd
    County
    Isabella
    State
    Michigan
    Longitude
    -84.69369
    Latitude
    43.52406

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    FAQs

    What type of property is this?
    Industrial property - Prime location, 576 sq ft, endless possibilities.
    Where is this industrial property located?
    The property is located at 227 Wright Ave Shepherd, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    (989) 317-8352
    Request Owner's contact information
    227 Wright Ave Shepherd, MI 48883
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    Shepherd, MI 48883
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 Wright Ave Shepherd, MI 48883
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