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323 W Wright Avenue

Shepherd, MI 48883
  • $489,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 1943141
UPDATED: 72 min ago
$489,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,200
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1876
County:
Area:

School Ratings & Info

Description

Rare Historic Mixed-Use Opportunity Main Street Location! This historic building offers excellent income potential in one of Central Michigan’s most desirable areas. Currently configured as a mixed-use property with cash flow from both retail and short-term rental uses. Over 5000 finished sq ft. Current Configuration: Main floor: Operating retail/wellness shop Upper floors: Two fully functional and furnished Airbnb rental units Lower floor is mostly finished as well, with a separate basement entrance. Flexible History: Previously used as four separate apartment rentals, providing multiple options to convert back to traditional multifamily, student housing, or expanded commercial space. Open vacant side lot with yardage. Also large parking lot area. Prime Location Advantages: Adjacent to a family-friendly park Directly across from popular restaurants and thriving businesses Within 10 minutes of Central Michigan University (CMU) Less than 10 minutes from Soaring Eagle Casino & Resort Convenient access to Alma College

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-22T12:51:52.11.
www.housestraversecity.com/homes/174567421
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323 W Wright Avenue Shepherd, MI 48883

  • Price: $489,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 72 min ago
  • MLS #: 1943141
0
Beds
0
Baths
0
½ Baths
0.68
Acres
5,200
SQFT
$94
$/SQFT
1876
Built
Neighborhood:
Village Of Shepherd
County:
Isabella
Area:
Isabella
Property Description
Rare Historic Mixed-Use Opportunity Main Street Location! This historic building offers excellent income potential in one of Central Michigan’s most desirable areas. Currently configured as a mixed-use property with cash flow from both retail and short-term rental uses. Over 5000 finished sq ft. Current Configuration: Main floor: Operating retail/wellness shop Upper floors: Two fully functional and furnished Airbnb rental units Lower floor is mostly finished as well, with a separate basement entrance. Flexible History: Previously used as four separate apartment rentals, providing multiple options to convert back to traditional multifamily, student housing, or expanded commercial space. Open vacant side lot with yardage. Also large parking lot area. Prime Location Advantages: Adjacent to a family-friendly park Directly across from popular restaurants and thriving businesses Within 10 minutes of Central Michigan University (CMU) Less than 10 minutes from Soaring Eagle Casino & Resort Convenient access to Alma College
Exterior Features

Construction Materials FrameWood Siding Foundation Details Poured ConcreteStone Garage YN No Roof Metal

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features None Basement Walk-Out AccessCrawl SpaceFinished Rooms Below Grade Finished Area Units Square Feet Heating Forced AirNatural Gas Heating YN Yes

Property Features

Association Fee Frequency Annually Building Features None Business Incl Yes Business Type Retail Deeded Waterfront No ECOFeatures No Inventory Incl No Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms ConventionalCash Lot Features Shopping Center New Construction YN No Occupied Yes Open Parking YN Yes Other Parking Parking Lot Ownership Type Private Owner Parking Features Parking Lot Possession Negotiable Property Sub Type Mixed Use Real Estate Incl Yes Rent Includes None Road Responsibility Public Maintained Road Road Surface Type Asphalt Sewer Public Sewer Special Licenses None Tax Assessed Value 89000 Tax Legal Description COM 112 FT W OF NE COR LOT 7 BLK 3 VIL OF SHEPHERD TH S 100 FT TH E 22 FT TH S 30 FT TH W 10 FT TH S 17 FT TH W 89 FT TH S 35.25 FT TH W 75 FT TH N 182.25 FT TH E 152 FT TO POB Water Source Public Waterfront YN No Year Built Effective 2024 Year Updated 2023 Zoning Description ResidentialCommercial

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of EXP REALTY LLC: 888-501-7085.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-22T12:51:52.11.
 
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