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    Shepherd, MI Mixed-use Properties for Sale

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    Mount Pleasant, MI Saint Louis, MI Alma, MI
    Historic Mixed-Use Income Opportunity
    $489,000
    5,200 SF

    Historic Mixed-Use Income Opportunity

    323 W Wright Avenue, Shepherd, MI 48883

    Mixed-use property with retail and short-term rental income.

    • Prime Main Street location in a desirable area with high visibility and foot traffic.
    • Mixed‑use property with existing cash flow from retail and short‑term rentals (Airbnb).
    • Flexible configuration with potential for conversion to multifamily, student housing, or expanded commercial space.
    • Over 5000 sq ft of finished space, including a mostly finished lower floor with separate entrance.
    • Includes a vacant side lot with yardage and a large parking lot.
    Updated: Mar 21
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    Unique Corner-Lot Industrial Building
    $175,000
    3,612 SF

    Unique Corner-Lot Industrial Building

    5496 W Isabella Road, Shepherd, MI 48883

    Versatile industrial building with living quarters and artistic flair.

    • Versatile corner‑lock industrial building suitable for auto work, storage, or creative space.
    • Compact upstairs living quarters ideal for a live/work setup.
    • Prominent corner lot location.
    • Unique, artistic paint job recognized as a local landmark.
    • Tall garage doors for easy access and functionality.
    Updated: May 26, 2025
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    Historic Mixed-Use Income Opportunity
    $489,000
    5,000 SF

    Historic Mixed-Use Income Opportunity

    Rare mixed-use property with retail and short-term rental income.

    323 W Wright Ave, Shepherd, MI 48883
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 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
    $124,900
    1,798 SF

    Mixed-Use Property with Income Potential

    Well-maintained mixed-use property with multiple income streams and flexible options.

    2911 Court Street, Saginaw, MI 48602
    View details
    Mixed-Use Property with Rental Income
    $375,000
    2,579 SF

    Mixed-Use Property with Rental Income

    3.45-acre property with residential and commercial rental income.

    5705 N State Road, Alma, MI 48801
    View details
    Mixed-Use Property with Income Potential
    $124,900

    Mixed-Use Property with Income Potential

    Well-maintained mixed-use property with multiple income streams and flexible options.

    2911 Court St, Saginaw, MI 48602
    View details
    Downtown Alma Class A Office
    $549,900
    22,218 SF

    Downtown Alma Class A Office

    Class A office building with large parking lot attached.

    311 Woodworth Ave, Alma, MI 48801
    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 Land in Mt Pleasant
    $425,000
    17.60 Acres

    Commercial Land in Mt Pleasant

    17+ acres zoned commercial and multi-family in Mt Pleasant.

    TBD E Broomfield Road, Mt Pleasant, MI 48858
    View details
    Commercial Lot Near City Hall
    $399,000

    Commercial Lot Near City Hall

    Vacant commercial lot zoned for apartments above.

    309 W Broadway St, Mount Pleasant, MI 48858
    View details
    Secluded Land Near Hemlock
    $32,900
    1.51 Acres

    Secluded Land Near Hemlock

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

    6 Widgeon, Hemlock, MI 48626
    View details
    Vacant Land Near Hemlock
    $32,900
    1.67 Acres

    Vacant Land Near Hemlock

    1.67 acre vacant land with shared lake access.

    5 Widgeon, Hemlock, MI 48626
    View details

    Shepherd, MI Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 3 mixed-use properties for sale in Shepherd, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 13,812 square feet of properties for sale, with an estimated market value of $1,153,000.

    Sale prices for multi use buildings in Shepherd, MI start at $175,000, averaging $384,333, 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

    Live-work space 2

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Shepherd submarkets with the highest inventory density on the market and evaluate the median 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 sq ft
    Average Loan-to-Value 65.0%

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