Historic Mixed-Use
323 W Wright Avenue Shepherd, MI 48883
For Sale
$489,000
COMMERCIAL - Shepherd, MI
Property Size5,200 SF
Lot Size0.68 Acres
Price / SF$94.04
Days on Market131
Property Features for 323 W Wright Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Wood
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
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: Jul 2
Last Checked: Jul 29 at 1:06PM
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 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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
