About This Home
This 0-bedroom, 0-bathroom commercial at 323 W Wright Avenue in Shepherd, MI is listed for $489,000 ($94 per sqft). the home offers 5,200 sqft of living space on a 0.68 acres lot.
Key Features
- 0.68 acre lot
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
Monthly Cost Estimate
$2,615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
323 W Wright Avenue
Shepherd, MI 48883
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 323 W Wright Avenue is listed at $489,000 ($94/sqft). The estimated monthly payment is $2,616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.68 acre lot. Exterior Features: Wood.
This property is listed by Dave Feger and can be reached at 9899653075.