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    Shepherd, MI
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    Shepherd, MI Multifamily 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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    Historic Mixed-Use Income Opportunity
    $489,000
    5,000 SF

    Historic Mixed-Use Income Opportunity

    323 W Wright Ave, Shepherd, MI 48883

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

    • 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.
    Updated: Mar 31
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    Versatile Commercial Property on State Road
    $140,000
    43,560 SF

    Versatile Commercial Property on State Road

    Commercial property with storefronts, mobile homes, and development potential.

    4235 W Isabella, Shepherd, MI 48883
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    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.

    Two Residences with Rental History
    $165,000
    1,759 SF

    Two Residences with Rental History

    Two houses on one lot with established rental income.

    406 S Kinney, Mt Pleasant, MI 48858
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    Well-Maintained Duplex Near Campus
    $174,900
    2,188 SF

    Well-Maintained Duplex Near Campus

    Spacious duplex near campus, ideal for investors or homeowners.

    1915 Stockman, Mt Pleasant, MI 48858
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    Mount Pleasant Duplex For Sale
    $169,900

    Mount Pleasant Duplex For Sale

    Two-unit property near Mission St, Mount Pleasant.

    820-822 E Chippewa St, Mount Pleasant, MI 48858
    View details
    Licensed Rental Property For Sale
    $245,000
    0.12 Acres

    Licensed Rental Property For Sale

    8 bedroom, 3 bath licensed rental property.

    1020 S Lansing, Mount Pleasant, MI 48858
    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.

    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
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    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
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    Residential Lot in Prudenville, MI
    Contact for pricing
    0.48 Acres

    Residential Lot in Prudenville, MI

    Partially wooded lot, perfect for a mobile home.

    206 Middle Drive, Prudenville, MI 48651
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    Recreational Land with Boat Slip
    $32,900
    0.01 Acres

    Recreational Land with Boat Slip

    Low-maintenance seasonal living with trailer, addition, and boat slip.

    831 S Main Street, Au Gres, MI 48703
    View details

    Shepherd, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 3 multifamily properties for sale in Shepherd, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 53,760 square feet of properties for sale, with an estimated market value of $1,118,000.

    Sale prices for multifamily properties in Shepherd, MI start at $140,000, averaging $372,666, 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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