Historic Mixed-Use
For Sale
$489,000
323 W Wright Avenue, Shepherd, MI 48883
Commercial, Shepherd, MI
Property Size5,200 SF
Lot Size0.68 Acres
Price / SF$94.04
Days on Market177
Property Features for 323 W Wright Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential, Commercial
Parking features
Parking Lot
Exterior features
Wood
Lot features
Shopping Center
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
5,200 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
Building materials
Frame
Roof type
Metal
Listing Agency:
EXP REALTY LLC
(888) 501-7085
Listed By:
Dave Feger · License #6501398110
(989) 965-3075
Added: Mar 21
Changed: Sep 5
Last Checked: Sep 13 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This historic mixed-use property contains 5,200 square feet across a flexible layout. The main floor operates as a retail and wellness shop, while the upper floors include two furnished short-term rental units. The lower level is mostly finished and has its own basement entrance. Wood exterior construction, a metal roof, and a dedicated parking lot are among the physical improvements.
The 0.68-acre property includes an open side lot with yard area. It is adjacent to a family-friendly park and sits across from restaurants and other businesses. Central Michigan University is within 10 minutes, Soaring Eagle Casino & Resort is less than 10 minutes away, and Alma College is accessible from the property.
The building was previously arranged as four separate apartment rentals, providing a documented alternative configuration for multifamily, student housing, or additional commercial use.
The 0.68-acre property includes an open side lot with yard area. It is adjacent to a family-friendly park and sits across from restaurants and other businesses. Central Michigan University is within 10 minutes, Soaring Eagle Casino & Resort is less than 10 minutes away, and Alma College is accessible from the property.
The building was previously arranged as four separate apartment rentals, providing a documented alternative configuration for multifamily, student housing, or additional commercial use.
Key Highlights
- 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
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?
Mixed-use property - Retail space, furnished short-term rentals, finished lower level, and parking support multiple commercial configurations.
Where is this mixed-use 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: 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
