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    Shepherd, MI
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    Shepherd, MI Retail Properties & Spaces 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 Major Road
    $140,000
    43,560 SF

    Versatile Commercial Property on Major Road

    Prime commercial property with high visibility and multiple income streams.

    4235 W Isabella Road, Shepherd, MI 48883
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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
    View details
    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.

    Versatile Commercial Space, Mt. Pleasant
    $765,000
    4,150 SF

    Versatile Commercial Space, Mt. Pleasant

    4,000+ sq ft commercial space near Soaring Eagle Casino.

    Mt Pleasant, MI 48858
    View details
    Retail Space Near Soaring Eagle
    Contact for pricing
    13,885 SF

    Retail Space Near Soaring Eagle

    Prime retail space adjacent to Soaring Eagle Casino and Resort.

    2410 S Leaton Rd, Mount Pleasant, MI 48858
    View details
    Multi-Tenant Retail Strip Center
    $6,570,000
    29,799 SF

    Multi-Tenant Retail Strip Center

    Retail strip center with national tenants and value-add potential.

    4445-4493 E. Blue Grass Road, Mount Pleasant, MI 48858
    View details
    Commercial Property with Acreage
    $395,000
    5,668 SF

    Commercial Property with Acreage

    Commercial property with multiple buildings and acreage in Mt Pleasant.

    5684 E Broadway Road, Mt 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.

    Commercial Land on M20
    $159,900
    152,460 SF

    Commercial Land on M20

    Commercial land available near casino and downtown Mount Pleasant.

    9926 East Pickard Road, Mount Pleasant, MI 48858
    View details
    Mount Pleasant Commercial Land Available
    $149,900
    1.36 Acres

    Mount Pleasant Commercial Land Available

    1.36 acre commercial land in Mount Pleasant, Michigan.

    0000 Collegiate Way, Mount Pleasant, MI 48858
    View details
    Commercial Land in Union Twp
    $149,900
    1.36 Acres

    Commercial Land in Union Twp

    1.36 acres of commercial land in Union Township, Michigan.

    Mount Pleasant, MI 48858
    View details
    Commercial Land Ready For Development
    $189,000
    2.00 Acres

    Commercial Land Ready For Development

    Two-acre commercial property suitable for new business ventures.

    4639 Corporate Drive, Mt Pleasant, MI 48858
    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

    4993 Isabella Rd

    WHOLESALE OUTLET, DISCOUNT STORE • 8,640 SF
    Value Estimation by Request
    4993 Isabella Rd, Shepherd, MI 48883-9676
    View details
    5455 Isabella Rd

    5455 Isabella Rd

    WHOLESALE OUTLET, DISCOUNT STORE • 9,170 SF
    Value Estimation
    $520,000
    5455 Isabella Rd, Shepherd, MI 48883-9619
    View details
    4235 Isabella Rd

    4235 Isabella Rd

    RETAIL STORES (PERSONAL SERVICES) • 2,736 SF
    Value Estimation by Request
    4235 Isabella Rd, Shepherd, MI 48883-8617
    View details

    Shepherd, MI Retail Properties & Spaces Investment Opportunities Market Analysis

    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 97,320 square feet of properties for sale, with an estimated market value of $1,258,000.

    Sale prices for stores in Shepherd, MI start at $140,000, averaging $314,500, 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

    Storefront 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 Strategic Investment

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

    Neighborhood Average Price
    48883 $314.5K

    Taxes & Financing

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

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