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    Shepherd, MI Short Term Rental Properties 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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    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.

    Residential Income Property with Shop
    $999,000
    4,850 SF
    Residential Income Property with Shop

    Multiple en suites and a 50x80 attached shop support guest hosting, hobbies, and flexible on-site use.

    5783 W Houghton Lake Drive, Houghton Lake, MI 48629

    View details
    Live-Work Storefront with Garage
    $246,000
    3,670 SF
    Live-Work Storefront with Garage

    Storefront configuration with attached residential quarters, central air, soaring ceilings, and a large garage for vehicles and gear.

    201 State Street, Luther, MI 49656

    View details
    Single-Family Home with Attached Shop
    $999,000
    0.67 Acres
    Single-Family Home with Attached Shop

    Single-family home with multiple en suites, rooftop deck, putting green, and a 50x80 attached shop with lounge area.

    5783 West Houghton Lake Drive, Houghton Lake, MI 48629

    View details
    Storefront Live-Work with Residential Quarters
    $246,000
    2,590 SF
    Storefront Live-Work with Residential Quarters

    Versatile storefront configuration with attached living space and central air, plus ample garage space for vehicles and gear.

    201 State Street, Luther, MI 49656

    View details

    Shepherd, MI Short Term Rental Properties Investment Opportunities Market Analysis

    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 start at $489,000, averaging $489,000, 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

    Short term rental properties 2
    Mobile home & RV parks 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)

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