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    Shepherd, MI
    Retail

    Shepherd, MI Retail Space for Sale

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    Mt Pleasant, MI Saint Louis, MI Alma, MI Riverdale, MI Elwell, MI Winn, MI Breckenridge, MI Midland, 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
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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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    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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    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 9 Potential Opportunities for your consideration. Besides 3 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 1 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 Storefront
    Retail Storefront

    Mt Pleasant, MI 48858

    $765,000
    4,150 sqft

    Commercial zoning, private parking, and a fenced rear storage area serve varied business needs.

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    Freestanding Retail Building with Parking
    Freestanding Retail Building with Parking

    1506 W High, Mt Pleasant, MI 48858

    $259,000
    6,120 sqft 0.50 AC lot

    Freestanding 6,120 SF retail building on a half-acre lot with paved parking and CD-4 zoning flexibility.

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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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    Retail Space for Sale
    Retail Space for Sale

    1088 S University Ave, Mount Pleasant, MI 48858

    Contact for pricing
    8,200 sqft

    Retail property offered for sale with approximately 8,200 SF of space.

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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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

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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.

    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 Space Market Trends and Statistics

    Explore 4 retail space for sale in Shepherd, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,300 square feet of properties for sale, with an estimated market value of $639,000.

    Sale prices for retail space in Shepherd, MI start at $75,000, averaging $213,000, 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

    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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