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    Shepherd, MI
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    Shepherd, MI Residential Income 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.

    Commercial Land with Rental Income
    $699,900
    2.63 Acres

    Commercial Land with Rental Income

    2.63 acres with frontage and existing rental income.

    4205 & 4173 S Isabella Road, Mt Pleasant, MI 48858
    View details
    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
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    Mt Pleasant Licensed Rental Property
    $245,000
    2,026 SF

    Mt Pleasant Licensed Rental Property

    8 bedroom, 3 bath licensed rental property in Mt Pleasant.

    1020 S Lansing, Mt 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.

    51.7 Acres in Mount Pleasant
    $260,000
    51.70 Acres

    51.7 Acres in Mount Pleasant

    Diverse 51.7-acre land parcel near Mount Pleasant, Michigan.

    S Crawford Road, Mount Pleasant, MI 48858
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    Residential Building Lot Near CMU
    $36,900
    1.40 Acres

    Residential Building Lot Near CMU

    1.25 acre residential building lot near CMU campus.

    TBD E Millbrook Road, Mt Pleasant, MI 48858
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    Residential Land Near CMU Campus
    Contact for pricing
    0.18 Acres

    Residential Land Near CMU Campus

    Vacant lot near downtown Mt. Pleasant and CMU campus.

    320 W Locust, Mt Pleasant, MI 48858
    View details
    Residential Land in Pine Ridge
    $45,000
    1.22 Acres

    Residential Land in Pine Ridge

    Ideal lot for building a dream home near Mt. Pleasant.

    000 Pine Ridge Drive, Mt Pleasant, MI 48858
    View details

    Shepherd, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 3 residential income 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 residential income 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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