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    Shepherd, MI
    Mixed-Use

    Shepherd, MI Mixed-use Properties for Sale

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    Mt Pleasant, MI Saint Louis, MI Alma, MI
    Historic Mixed-Use Building
    Updated: Mar 21
    Historic Mixed-Use Building

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft · 0.68 AC lot
    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
    Wood frame construction with a metal roof
    Large on‑site parking lot plus an open vacant side lot with yardage
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    Historic Mixed-Use Income Opportunity
    Updated: Mar 31
    Historic Mixed-Use Income Opportunity

    323 W Wright Ave, Shepherd, MI 48883

    $489,000
    5,000 sqft
    Mixed‑use property with existing retail and short‑term rental income.
    Prime Main Street location near restaurants, businesses, and a park.
    Over 5000 finished sq ft with flexible configuration options.
    Proximity to Central Michigan University (CMU) and Soaring Eagle Casino & Resort.
    Large parking lot and vacant side lot included.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    Alma, MI 48801

    $440,000
    3.45 AC lot

    3.45-acre property with residential and commercial rental income.

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    Downtown Alma Class A Office
    Downtown Alma Class A Office

    311 Woodworth Ave, Alma, MI 48801

    $549,900
    22,218 sqft

    Class A office building with large parking lot attached.

    View details
    Commercial Building in Mt. Pleasant
    Commercial Building in Mt. Pleasant

    1506 W High, Mt Pleasant, MI 48858

    $299,000
    6,120 sqft · 0.50 AC lot

    Freestanding 6,120 SF building on a half-acre lot.

    View details
    Commercial Property with Acreage
    Commercial Property with Acreage

    5684 E Broadway Road, Mt Pleasant, MI 48858

    $439,000
    5,668 sqft · 9.06 AC lot

    Multiple buildings on 9 acres, zoned commercial, near US-127.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Zoned Land with Multi-Family Portion
    Commercial Zoned Land with Multi-Family Portion

    E Broomfield Road, Mt Pleasant, MI 48858

    $425,000
    17.60 AC lot

    17.6 acres with commercial zoning on the front and multi-family zoning on the rear, served by available utilities.

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    Commercial Lot Near City Hall
    Commercial Lot Near City Hall

    309 W Broadway St, Mount Pleasant, MI 48858

    $399,000

    Vacant commercial lot zoned for apartments above.

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    Secluded Land Near Hemlock
    Secluded Land Near Hemlock

    6 Widgeon Way, Hemlock, MI 48626

    $32,900
    1.51 AC lot

    Vacant 1.51-acre land with lake access near Hemlock, MI.

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    Vacant Land Near Hemlock
    Vacant Land Near Hemlock

    5 Widgeon Way, Hemlock, MI 48626

    $32,900
    1.67 AC lot

    1.67 acre vacant land with shared lake access.

    View details

    Shepherd, MI Mixed-Use Properties Market Trends and Statistics

    Explore 2 mixed-use properties for sale in Shepherd, MI on our real estate platform. These investment opportunities span a total of 10,200 square feet of properties for sale, with an estimated market value of $978,000.

    Sale prices for multi use buildings in Shepherd, MI start at $489,000, averaging $489,000, and reaching up to $489,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 3

    Demographics Overview

    Population 6,755
    Population Growth (5Y) -2.3%
    Median Household Income $66,364
    College Educated 26.7%

    High-Yield Neighborhoods for Investment

    Identify Shepherd submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48883 $384.3K

    Taxes & Financing

    Tax Rate (average for all types) 4.58%
    Property Tax per SF $89.48 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Isabella County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Isabella County

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