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    Shepherd, MI
    Short Term Rental

    Shepherd, MI Short Term Rental Properties 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 Quadplex with Covered Porch
    Updated: Apr 29
    Historic Quadplex with Covered Porch

    323 W Wright Avenue, Shepherd, MI 48883

    $489,000
    5,000 sqft 0.68 AC lot
    Built in 1850 historic colonial quadplex with frame construction and metal roof
    Previously configured as four separate apartment units, two upper and two lower
    Full basement plus interior features including hardwood floors, laundry hook‑up, and storage space
    0.68‑acre lot with open side yard and landscaped grounds
    Large parking area plus covered porch and sidewalk access
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    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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    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vacation Rental Home with Attached Shop
    Vacation Rental Home with Attached Shop

    5783 W Houghton Lake Drive, Houghton Lake, MI 48629

    $899,999
    4,850 sqft 0.67 AC lot

    Single-family residence with multiple en suites, outdoor putting green, rooftop deck, and an attached 50x80 shop.

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    Triplex with Lake-View Deck
    Triplex with Lake-View Deck

    118 E State Street, Fife Lake, MI 49633

    $394,000
    3,216 sqft 0.11 AC lot

    Historic triplex on a small lakefront lot with three rental units, lake-view deck, porch, and RV parking.

    View details
    Residential Income Property with Shop
    Residential Income Property with Shop

    5783 West Houghton Lake Drive, Houghton Lake, MI 48629

    $899,999
    0.67 AC lot

    Multi-en suite residence with a rooftop deck, outdoor putting green, and a 50x80 attached shop with lounge area.

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    Historic Triplex With Lake Views
    Historic Triplex With Lake Views

    118 E STATE ST, Fife Lake, MI 49633

    Contact for pricing
    3,216 sqft

    Built in 1886, this triplex has three rental units and an expansive deck overlooking Fife Lake.

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    Shepherd, MI Short Term Rental Properties Market Trends and Statistics

    Explore 2 short term rental properties for sale in Shepherd, MI on our real estate platform. These investment opportunities span a total of 10,200 square feet of properties for sale, with an estimated market value of $978,000.

    Sale prices for short term rental properties in Shepherd, MI average $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

    Short term rental properties 2
    Duplexes 1
    Quadplexes 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 $489K

    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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