Historic Quadplex with
For Sale
$489,000
323 W Wright Avenue, Shepherd, MI 48883
Multi-Family, 2+ Stories, Colonial, Shepherd, MI
Property Size5,000 SF
Lot Size0.68 Acres
Price / SF$97.80
Days on Market151
Property Features for 323 W Wright Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Porch
Interior features
Hardwood Floors, Laundry Hook-up, Storage Space
Exterior features
Sidewalk, Landscaped, Covered Porch, Gutters
Appliances
Refrigerator, Washer, Dryer
Elementary school district
Shepherd Public School District
Middle school district
Shepherd Public School District
High school district
Shepherd Public School District
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.
Subdivision
Isabella
Standard status
Active
Size
5,000 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax 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
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
Building Details
Year built
1850
Floors in Building
2
Number of units
4
Building materials
Frame
Roof type
Metal
Architectural style
Other, Colonial
Additional Structures
Storage
Listing Agency:
EXP REALTY LLC
(888) 501-7085
Listed By:
Dave Feger · License #6501398110
(989) 965-3075
Added: Apr 29
Changed: Sep 14
Last Checked: Sep 26 at 3:06AM
MLS# 1944433
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.
Investment Insights
Based on property information with market context.
Built in 1850, this Colonial frame property contains 5,000 finished square feet and was previously arranged as four apartment units, with two on each level. The building includes a full basement, hardwood flooring, laundry hookups, storage space, a covered porch, and a metal roof. Refrigerators, a washer, and a dryer are also included. The property occupies 0.68 acres with an open side yard, landscaped areas, sidewalks, and a large parking area.
The building is adjacent to a park and positioned across from restaurants and local businesses in Shepherd. Central Michigan University, Soaring Eagle Casino & Resort, and Alma College are each less than 10 minutes away. Commercial zoning supports the property’s existing flexible configuration, subject to applicable approvals and requirements.
The building is adjacent to a park and positioned across from restaurants and local businesses in Shepherd. Central Michigan University, Soaring Eagle Casino & Resort, and Alma College are each less than 10 minutes away. Commercial zoning supports the property’s existing flexible configuration, subject to applicable approvals and requirements.
Key Highlights
- 5,000 finished square feet on a 0.68‑acre lot
- Previously configured as four apartment units: two upper and two lower
- Built in 1850 with Colonial architecture and frame construction
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 48883, MI
6,842
Population
2,912
Households
2.3
Avg Household Size
42
Median Age
22%
College-Educated
94%
High-School Grad
114.9 sq mi
ZIP Area
60
Density / Sq Mi
$66,364
Median Household Income
$37,830
Median Earnings
$841
Median Rent
$154,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Commercially zoned historic building with a full basement, covered porch, storage, and a large on-site parking area.
Where is this quadplex 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: 5,000 finished square feet on a 0.68‑acre lot; Previously configured as four apartment units: two upper and two lower; Built in 1850 with Colonial architecture and frame construction
