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    Shepherd, MI
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    Shepherd, MI Retail Properties & Spaces for Sale

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    Mt Pleasant, MI Alma, MI Saint Louis, MI Riverdale, MI Elwell, MI Midland, MI Breckenridge, MI Elm Hall, MI
    Historic Mixed-Use Building
    Updated: Mar 21
    Historic Mixed-Use Building

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft 0.68 AC lot
    5,200‑square‑foot mixed‑use building on 0.68 acres
    Main‑floor retail and wellness shop
    Two furnished short‑term rental units on the upper floors
    Mostly finished lower level with separate basement entrance
    Previously configured as four separate apartment rentals
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    Downtown Storefront Property
    Updated: Jul 28
    Downtown Storefront Property

    235 W Wright Avenue, Shepherd, MI 48883

    $75,000
    550 sqft
    550‑square‑foot storefront property
    Downtown Shepherd location at 235 W Wright Avenue
    Frame construction with vinyl exterior
    Membrane roof
    One bathroom
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    Flex Space with Garage Doors
    Flex Space with Garage Doors

    5496 W Isabella Road, Shepherd, MI 48883

    $175,000
    3,612 sqft 0.84 AC lot

    Block construction, a metal roof, and upstairs living quarters support a practical live/work configuration.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, 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.

    Retail Space Near Central Michigan
    Retail Space Near Central Michigan

    1218 S Mission St, Mount Pleasant, MI 48858

    Contact for pricing
    9,908 sqft

    Retail space for sale adjacent to Central Michigan University.

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    Retail Strip Center with End-Cap
    Retail Strip Center with End-Cap

    2003 S Mission St, Mount Pleasant, MI 48858

    Contact for pricing
    5,600 sqft

    Three-tenant retail strip center on a busy corridor, with an end-cap suite currently available for lease.

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    Hobby Lobby Anchored Retail Center
    Hobby Lobby Anchored Retail Center

    Mt Pleasant, MI 48858

    Contact for pricing
    238 sqft

    Retail center anchored by Hobby Lobby near Central Michigan University.

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    Flex Space with Showroom
    Flex Space with Showroom

    5684 E Broadway Road, Mt Pleasant, MI 48858

    $395,000
    5,668 sqft 9.06 AC lot

    Versatile commercial property with office, garage, showroom, storage buildings, and B-4 commercial zoning.

    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.

    Commercial Land with Gravel Driveway
    Commercial Land with Gravel Driveway

    9926 E Pickard Road, Mount Pleasant, MI 48858

    $159,900
    3.50 AC lot

    Commercial development land with an installed crushed gravel driveway and access to public water.

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    Agricultural Land with Road Frontage
    Agricultural Land with Road Frontage

    7715 E Pickard Road, Mt Pleasant, MI 48858

    $700,000
    17.22 AC lot

    Currently farmed acreage with residential and agricultural zoning.

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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    7308 E Pickard Road, Mount Pleasant, MI 48858

    $308,000
    2.42 AC lot

    Public water and sewer serve this commercial corridor parcel.

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    Commercial Land
    Commercial Land

    Mount Pleasant, MI 48858

    $149,900
    1.36 AC lot

    Commercially zoned land with public water service in Union Township.

    View details

    Off-Market Properties in Shepherd, MI

    Consider similar Off-Market properties in Shepherd, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4993 Isabella Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    4993 Isabella Rd, Shepherd, MI 48883-9676

    Estimated value:
    $510,000
    8,640 sqft 2.00 AC lot
    View details
    5455 Isabella Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    5455 Isabella Rd, Shepherd, MI 48883-9619

    Estimated value:
    $410,000
    9,170 sqft 1.78 AC lot
    View details
    4235 Isabella Rd
    RETAIL STORES (PERSONAL SERVICES)

    4235 Isabella Rd, Shepherd, MI 48883-8617

    Estimated value:
    $100,000
    2,736 sqft 1.00 AC lot
    View details

    Shepherd, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 6 retail properties & spaces for sale in Shepherd, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 9,362 square feet of properties for sale, with an estimated market value of $739,000.

    Sale prices for stores in Shepherd, MI start at $75,000, averaging $246,333, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 2
    Auto shops 1
    Automotive properties 1

    Demographics Overview

    Population 6,755
    Population Growth (5Y) -2.3%
    Median Household Income $66,364
    College Educated 26.7%

    High-Yield Neighborhoods for Investment

    Identify Shepherd submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48883 $246.3K

    Taxes & Financing

    Tax Rate (average for all types) 4.58%
    Property Tax per SF $89.48 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Isabella County

    New Delisted

    Total CRE Inventory on Market (SF)

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