# 323 W Wright Avenue, Shepherd, MI 48883

> **TL;DR:** commercial, $489,000 ($94/sqft), 5,200 sqft. Est. $2,616/mo. Listed 178 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $489,000 |
| Price/sqft | $94 |
| Square Feet | 5,200 |
| Lot Size | 29,621 sqft (0.68 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 178 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,473 |
| Estimated Insurance | $143 |
| **Total** | **$2,616** |

## Property Highlights

- 0.68 acre lot

## Description

### Agent 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

## Location

- **Address:** 323 W Wright Avenue, Shepherd, MI 48883
- **County:** Isabella
- **Coordinates:** 43.524002, -84.695664
- **Google Maps:** https://www.google.com/maps?q=43.524002,-84.695664

## Listing Agent

- **Name:** Dave Feger
- **Brokerage:** EXP REALTY LLC
- **Phone:** 9899653075
- **Broker Phone:** (888) 501-7085
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/TAAR/1943141/?channel=propsimple)

## Photos

![323 W Wright Avenue - Photo 1](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3063075303r.jpg)

![323 W Wright Avenue - Photo 2](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1274692147r.jpg)

![323 W Wright Avenue - Photo 3](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2722424085r.jpg)

![323 W Wright Avenue - Photo 4](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2602100962r.jpg)

![323 W Wright Avenue - Photo 5](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1681750617r.jpg)

![323 W Wright Avenue - Photo 6](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f243777166r.jpg)

![323 W Wright Avenue - Photo 7](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f497845516r.jpg)

![323 W Wright Avenue - Photo 8](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1535637911r.jpg)

![323 W Wright Avenue - Photo 9](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2208839501r.jpg)

![323 W Wright Avenue - Photo 10](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1918954643r.jpg)

![323 W Wright Avenue - Photo 11](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2134198789r.jpg)

![323 W Wright Avenue - Photo 12](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2796628975r.jpg)

![323 W Wright Avenue - Photo 13](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3283606735r.jpg)

![323 W Wright Avenue - Photo 14](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f231969317r.jpg)

![323 W Wright Avenue - Photo 15](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f23999301r.jpg)

![323 W Wright Avenue - Photo 16](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2682306056r.jpg)

![323 W Wright Avenue - Photo 17](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1857728604r.jpg)

![323 W Wright Avenue - Photo 18](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f864729019r.jpg)

![323 W Wright Avenue - Photo 19](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1182770239r.jpg)

![323 W Wright Avenue - Photo 20](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1065426559r.jpg)

![323 W Wright Avenue - Photo 21](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3027086396r.jpg)

![323 W Wright Avenue - Photo 22](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3688354468r.jpg)

![323 W Wright Avenue - Photo 23](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1470428510r.jpg)

![323 W Wright Avenue - Photo 24](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2847955024r.jpg)

![323 W Wright Avenue - Photo 25](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f916660748r.jpg)

![323 W Wright Avenue - Photo 26](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3549441244r.jpg)

![323 W Wright Avenue - Photo 27](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f142583251r.jpg)

![323 W Wright Avenue - Photo 28](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2015804206r.jpg)

![323 W Wright Avenue - Photo 29](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f866521030r.jpg)

![323 W Wright Avenue - Photo 30](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f127862170r.jpg)

![323 W Wright Avenue - Photo 31](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f4003126047r.jpg)

![323 W Wright Avenue - Photo 32](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1293653733r.jpg)

![323 W Wright Avenue - Photo 33](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3247092895r.jpg)

![323 W Wright Avenue - Photo 34](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1160843710r.jpg)

![323 W Wright Avenue - Photo 35](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2856822037r.jpg)

![323 W Wright Avenue - Photo 36](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2492777774r.jpg)

![323 W Wright Avenue - Photo 37](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f2229118326r.jpg)

![323 W Wright Avenue - Photo 38](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f267281008r.jpg)

![323 W Wright Avenue - Photo 39](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1216865176r.jpg)

![323 W Wright Avenue - Photo 40](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f1452954654r.jpg)

![323 W Wright Avenue - Photo 41](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3025674226r.jpg)

![323 W Wright Avenue - Photo 42](http://lh.rdcpix.com/ce6a1841a3272f9f30e46f843e0a67bdl-f3057453600r.jpg)

---

**MLS#:** 1943141 | **Updated:** 2026-08-29
**Source:** listhub

*Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/323-w-wright-avenue-shepherd-mi-48883-1943141)

---

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    "@id": "https://www.propertysimple.ai/listing/323-w-wright-avenue-shepherd-mi-48883-1943141#agent",
    "name": "Dave Feger",
    "telephone": "9899653075",
    "worksFor": {
      "@type": "Organization",
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      "name": "EXP REALTY LLC",
      "telephone": "(888) 501-7085"
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}
```