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    Shepherd, MI
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    Shepherd, MI Storefront Properties for Sale

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    Mt Pleasant, MI Alma, MI Saint Louis, MI Riverdale, MI Elwell, MI Midland, MI Breckenridge, MI Elm Hall, 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
    5,200‑square‑foot mixed‑use building on 0.68 acres
    Main‑floor retail and wellness shop
    Two furnished short‑term rental units on the upper floors
    Mostly finished lower level with separate basement entrance
    Previously configured as four separate apartment rentals
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    Downtown Storefront Property
    Updated: Jul 28
    Downtown Storefront Property

    235 W Wright Avenue, Shepherd, MI 48883

    $75,000
    550 sqft
    550‑square‑foot storefront property
    Downtown Shepherd location at 235 W Wright Avenue
    Frame construction with vinyl exterior
    Membrane roof
    One bathroom
    View details
    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 7 Potential Opportunities for your consideration. Besides 2 Active listings in Shepherd, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Cannabis Dispensary Property with Included License
    Cannabis Dispensary Property with Included License

    1405 Wright Avenue, Alma, MI 48801

    $190,000
    2,400 sqft 0.63 AC lot

    The sale includes a license tied to the real estate, along with an existing storefront and parking lot.

    View details
    Freestanding Storefront Building
    Freestanding Storefront Building

    1506 W High, Mt Pleasant, MI 48858

    $259,000
    6,120 sqft 0.50 AC lot

    Freestanding commercial building with paved parking and CD-4 commercial zoning.

    View details
    Remodeled Mixed-Use Building
    Remodeled Mixed-Use Building

    309 W Michigan, Mt Pleasant, MI 48858

    $215,000
    2,002 sqft 0.19 AC lot

    Flexible downtown commercial space with storefront glazing, natural light, and a recently updated interior.

    View details
    Retail Space with Separate Building
    Retail Space with Separate Building

    2324 W Monroe Road, Alma, MI 48801

    $475,000
    8,665 sqft 2.13 AC lot

    Retail property on the M-46 corridor includes a separate building for additional indoor space.

    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 Parcel
    Commercial Land Parcel

    Saint Louis, MI 48880

    $50,000
    0.51 AC lot

    Vacant commercial parcel with Commercial zoning and cable availability at a St. Louis address.

    View details

    Shepherd, MI Storefront Properties Market Trends and Statistics

    Explore 2 storefront properties for sale in Shepherd, MI on our real estate platform. These investment opportunities span a total of 5,750 square feet of properties for sale, with an estimated market value of $564,000.

    Sale prices for retail units in Shepherd, MI start at $75,000, averaging $282,000, 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
    Auto shops 1
    Automotive 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 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 $599K

    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

    Residential Income

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