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    Shepherd, MI
    Mixed-Use

    Shepherd, MI Mixed-use Properties for Sale

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    Mt Pleasant, MI Alma, MI Saint Louis, MI Riverdale, MI Elwell, MI Midland, MI Breckenridge, MI Elm Hall, 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
    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
    Mostly finished lower level with separate basement entrance
    Previously configured as four separate apartment rentals
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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.

    Office Building With Apartment
    Office Building With Apartment

    2060 E Remus Road, Mt Pleasant, MI 48858

    $699,000
    6,800 sqft 2.55 AC lot

    B-5 Commercial zoning accompanies a multi-office layout, parking lot, and separate two-bedroom apartment.

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    Remodeled Mixed-Use Building
    Remodeled Mixed-Use Building

    309 W Michigan, Mt Pleasant, MI 48858

    $215,000
    2,002 sqft 0.19 AC lot

    Flexible downtown commercial space with storefront glazing, natural light, and a recently updated interior.

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    Mixed-Use Property with Outbuildings
    Mixed-Use Property with Outbuildings

    5705 N State Road, Alma, MI 48801

    $275,000
    23,443 sqft 3.45 AC lot

    Combined residential and commercial property with apartment units, storefront space, office areas, and multiple accessory buildings.

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    Mixed-Use Property with Barn
    Mixed-Use Property with Barn

    5705 N State Road, Alma, MI 48801

    $275,000
    2,579 sqft 3.45 AC lot

    Residential and commercial spaces provide a diversified rental configuration with additional storage and expansion buildings.

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    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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    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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    Waterfront Commercial Land
    Waterfront Commercial Land

    VL lot 1 Pearson Street, Beaverton, MI 48612

    $89,000
    0.10 AC lot

    Vacant commercial-zoned parcel with Ross Lake frontage and access to public water.

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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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    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)

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