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About This Home
This 0-bedroom, 4-bathroom commercial at 323 W Wright Avenue in Shepherd, MI is listed for $489,000 ($94 per sqft). Built in 1876, the home offers 5,200 sqft of living space on a 0.68 acres 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
Key Features
- Built in 1876
- 0.68 acre lot
Property Details
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
Property Details
Heating
Questions & Answers
This 0-bedroom, 4-bathroom commercial at 323 W Wright Avenue is listed at $489,000 ($94/sqft). The estimated monthly payment is $2,119 based on 20% down at 6.5% interest.
Key features include: Built in 1876, 0.68 acre lot.
This property is listed by Dave Feger and can be reached at 9899653075 or dfeger17@gmail.com.
