Property summary
This exceptional 0.57-acre commercial lot, located at 305 E Wright in Shepherd, Michigan, presents a unique investment opportunity. Situated just 1/8 of a mile from the US-127 Expressway, this property benefits from high traffic volume year-round, catering to both recreational and business travel between northern lower Michigan and the Upper Peninsula. Its strategic location near the expressway exit makes it easily accessible and highly visible. Many travelers utilize this route to reach the popular Soaring Eagle Casino & Resort, further enhancing its potential for high customer traffic. The property is zoned Commercial and has previously received approval for a Subway restaurant, demonstrating its suitability for a variety of businesses. The Village of Shepherd is actively encouraging development on this site, reflecting a positive and supportive business environment. This vacant lot offers significant potential for a business seeking a high-visibility location with excellent access to a major transportation artery. The property's size and zoning make it ideal for a variety of commercial ventures, capitalizing on the consistent flow of traffic and the area's strong tourism and business activity. This is a rare opportunity to establish a business in a prime location with a supportive community. The asking price is $99,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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