Property profile

305 Wright Ave Shepherd, MI 48883

OFF-MARKET
Commercial land
Property ID
US43-2404337
0.57 ac lot
Entity Owned Absentee Owner Free & Clear
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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

Location

305 Wright Ave Shepherd, MI 48883-9375
Shepherd metro Census 900 MOUNT PLEASANT, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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