# 323 W Wright Avenue, Shepherd, MI 48883

> **TL;DR:** 0bd/4ba commercial, $489,000 ($94/sqft), built 1876, 5,200 sqft. Est. $2,119/mo. Listed 72 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $489,000 |
| Price/sqft | $94 |
| Bathrooms | 4 full |
| Square Feet | 5,200 |
| Year Built | 1876 |
| Lot Size | 29,621 sqft (0.68 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 72 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,119 |
| **Total** | **$2,119** |

## Property Highlights

- Built in 1876
- 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
- **Email:** dfeger17@gmail.com

## Primary Photo

![323 W Wright Avenue - Primary Photo](http://lh.rdcpix.com/c4c4e2d749f36ea3dbb324dd292c0637l-f3063075303r.jpg)

*42 total photos available on [listing page](https://www.propertysimple.com/listing/323-w-wright-avenue-shepherd-mi-48883-1943141)*

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**MLS#:** 1943141 | **Updated:** 2026-06-17
**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.com/listing/323-w-wright-avenue-shepherd-mi-48883-1943141)

---

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