Advertise
    Shepherd, MI
    Retail

    Shepherd, MI Retail Properties & Spaces for Sale

    Notify Me
    List
    Map
    Mt Pleasant, MI Saint Louis, MI Alma, 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
    Historic mixed‑use building with 5,000+ finished SF, currently generating cash flow from retail and short‑term rentals
    Main floor operating retail/wellness shop with upper floors featuring two fully functional, furnished Airbnb rental units
    Lower floor is mostly finished and includes a separate basement entrance for added layout flexibility
    Wood frame construction with a metal roof
    Large on‑site parking lot plus an open vacant side lot with yardage
    View details
    Historic Mixed-Use Income Opportunity
    Updated: Mar 31
    Historic Mixed-Use Income Opportunity

    323 W Wright Ave, Shepherd, MI 48883

    $489,000
    5,000 sqft
    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.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 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.

    Former Bank Drive-Thru Building
    Former Bank Drive-Thru Building

    2015 S Mission Street, Mt Pleasant, MI 48858

    $1,150,000
    1,776 sqft · 1.03 AC lot

    Former bank with drive-thru lanes and executive office space for businesses needing customer-friendly vehicle access.

    View details
    Former Bank on South Mission
    Former Bank on South Mission

    2015 S Mission St, Mount Pleasant, MI 48858

    $1,150,000
    1,776 sqft

    1,776 SF former bank with drive-thru on Mission Street.

    View details
    Multi-Tenant Retail Strip Center
    Multi-Tenant Retail Strip Center

    4445-4493 E. Blue Grass Road, Mount Pleasant, MI 48858

    $6,570,000
    29,799 sqft

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

    View details
    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.

    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.

    Mount Pleasant Commercial Land Available
    Mount Pleasant Commercial Land Available

    0000 Collegiate Way, Mount Pleasant, MI 48858

    $149,900
    100 sqft · 1.36 AC lot

    1.36 acre commercial land in Mount Pleasant, Michigan.

    View details
    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.

    View details
    Retail Showroom and Shop with Land
    Retail Showroom and Shop with Land

    5684 E Broadway Road, Mt Pleasant, MI 48858

    $395,000
    5,668 sqft · 9.06 AC lot

    Retail-oriented office and shop space on zoned B-4 land with overhead doors and expansion acreage for business growth.

    View details
    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.

    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

    Value Estimation by Request
    8,640 sqft · 2.00 AC lot
    View details
    5455 Isabella Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    5455 Isabella Rd, Shepherd, MI 48883-9619

    $520,000
    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

    Value Estimation by Request
    2,736 sqft · 1.00 AC lot
    View details

    Shepherd, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 5 retail properties & spaces for sale in Shepherd, MI 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 stores 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.

    List
    Map

    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 $372.7K

    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

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Retail properties & Spaces for Sale Near Shepherd, MI

    Popular Searches in Shepherd, MI

    Popular Categories

    Most Searched ZIP Codes in Shepherd, MI

    • 48883

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!