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    OFF-MARKET
    Commercial land

    305 Wright Ave, Shepherd, MI 48883-9375

    0.57 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2404337
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.57 ac (24,829 SF)
    APN 31-080-00-024-00
    UPID US43-2404337
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    CRYSTAL HOSPITALITY LLC
    CRYSTAL HOSPITALITY LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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