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

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    Mt Pleasant, MI Saint Louis, MI Alma, MI Riverdale, MI Elwell, MI Breckenridge, MI Vestaburg, MI Midland, MI
    Mixed-Use Building with Rental Units
    Updated: Mar 21
    Mixed-Use Building with Rental Units

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,200 sqft 0.68 AC lot
    5,200‑square‑foot mixed‑use building in Shepherd, MI
    Operating retail and wellness shop on the main floor
    Two furnished short‑term rental units on the upper floors
    Mostly finished lower level with separate basement entrance
    0.68‑acre property with an open side lot and yard space
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    Retail Space with Vinyl Exterior
    Updated: Jul 28
    Retail Space with Vinyl Exterior

    235 W Wright Avenue, Shepherd, MI 48883

    $75,000
    550 sqft
    550 SF retail space
    Frame construction
    Vinyl exterior
    Membrane roof
    Bathroom included
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    Corner Flex Space With Garage Doors
    Corner Flex Space With Garage Doors

    5496 W Isabella Road, Shepherd, MI 48883

    $175,000
    3,612 sqft 0.84 AC lot

    Block construction and upstairs quarters support a 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
    Downtown Retail Space
    Downtown Retail Space

    235 W Wright Avenue, Shepherd, MI 48883

    $75,000
    550 sqft

    Built in 1949, this storefront is situated among established local businesses and community attractions.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 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.

    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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    Retail Space in Stadium Mall
    Retail Space in Stadium Mall

    2210 S Mission Street, Mount Pleasant, MI 48858

    Contact for pricing
    2,125 sqft

    2,125 sq. ft. retail space within Stadium Mall, with estimated CAM covering multiple building and grounds services.

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    Freestanding Retail/Office Building with Doors
    Freestanding Retail/Office Building with Doors

    5684 E Broadway Road, Mt Pleasant, MI 48858

    $395,000
    5,668 sqft 9.06 AC lot

    Zoned B-4 with 5,668 SF office and shop space, 8- and 10-foot ceilings, and two overhead doors in the garage.

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    Flex Office and Shop Building
    Flex Office and Shop Building

    Mount Pleasant, MI 48858

    $395,000
    5,700 sqft 9.00 AC lot

    Office, showroom, and garage space with two overhead doors on a zoned B-4 commercial site with room to expand.

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    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 land with an installed crushed gravel driveway, public water, and cable availability.

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    Commercial Farmland with Road Frontage
    Commercial Farmland with Road Frontage

    7715 E Pickard Road, Mt Pleasant, MI 48858

    $700,000
    17.22 AC lot

    17.22 acres of commercial farmland with 2,500 feet of frontage on M20, currently farmed under residential/agricultural zoning.

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    M-20 Commercial Corridor Land
    M-20 Commercial Corridor Land

    7308 E Pickard Road, Mount Pleasant, MI 48858

    $308,000
    2.42 AC lot

    Land with frontage on M-20 in Mount Pleasant, MI.

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    Commercial Land in Union Twp
    Commercial Land in Union Twp

    Mount Pleasant, MI 48858

    $149,900
    1.36 AC lot

    1.36 acres of commercial land in Union Township, Michigan.

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    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

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

    5455 Isabella Rd, Shepherd, MI 48883-9619

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

    4235 Isabella Rd, Shepherd, MI 48883-8617

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

    Shepherd, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 7 retail properties & spaces for sale in Shepherd, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,912 square feet of properties for sale, with an estimated market value of $814,000.

    Sale prices for stores in Shepherd, MI start at $75,000, averaging $203,500, 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 3
    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 $282K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Isabella County

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