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    Shepherd, MI
    Mixed-Use

    Shepherd, MI Mixed-use Properties for Sale

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    Mixed-Use Building with Rental Units
    Updated: Mar 21
    Mixed-Use Building with Rental Units

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft 0.68 AC lot
    5,200‑square‑foot mixed‑use building in Shepherd, MI
    Operating retail and wellness shop on the main floor
    Two furnished short‑term rental units on the upper floors
    Mostly finished lower level with separate basement entrance
    0.68‑acre property with an open side lot and yard space
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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 Restaurant
    Mixed-Use Property with Restaurant

    526 E Main Street, Edmore, MI 48829

    $250,000
    7,500 sqft 0.08 AC lot

    Two-building commercial property with an operating restaurant and meadery, plus second-floor apartment space.

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    Two-Building Restaurant Property
    Two-Building Restaurant Property

    526 E Main Street, Edmore, MI 48829

    $250,000

    Operating restaurant and meadery with licensed wine production and two upper-level apartments.

    View details
    Mixed-Use Property with Storefront & Apartments
    Mixed-Use Property with Storefront & Apartments

    5705 N State Road, Alma, MI 48801

    $375,000
    23,443 sqft 3.45 AC lot

    Mixed-use property with four fully rented apartments, a storefront commercial space, and on-site barn and pole building.

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    Church Property with Parsonage
    Church Property with Parsonage

    1107 Michigan Ave, Alma, MI 48801

    $275,000

    Two-building property with residential zoning and distinct former church and parsonage improvements.

    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

    $389,000

    Vacant commercial lot zoned for apartments above.

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    Wooded Waterfront Building Site
    Wooded Waterfront Building Site

    6 Widgeon Way, Hemlock, MI 48626

    $32,900
    1.51 AC lot

    Secluded 1.51-acre mixed-use zoned site near Hemlock with electric available at the road.

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    Restricted Waterfront Land Lot
    Restricted Waterfront Land Lot

    5 Widgeon Way, Hemlock, MI 48626

    $32,900
    1.67 AC lot

    Lake-adjacent lot in a restricted development with shared lake access in Hemlock, MI.

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    Shepherd, MI Mixed-Use Properties Market Trends and Statistics

    Explore 1 mixed-use properties for sale in Shepherd, MI on our real estate platform. These investment opportunities span a total of 5,200 square feet of properties for sale, with an estimated market value of $489,000.

    Sale prices for multi use buildings in Shepherd, MI average $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 1

    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 $489K

    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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