305 Wright Ave, Shepherd, MI 48883-9375
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.