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323 W Wright Avenue, Shepherd, MI 48883

$489,000

$94 per ft²

4 Bath

5,200 Sq Ft

0.68 Acres

Listing Office: EXP REALTY LLC

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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

Listing Agent: Dave Feger

License Number:

Offered by: EXP REALTY LLC

Office Phone: 888-501-7085

MLS: #1943141

Northern Great Lakes Realtors MLS

Date Added: 03/30/2026 02:08:20 pm

Last Update: 03/30/2026 01:50:19 pm

Days on Market: 6

Interior

Basement: Walk-Out Access, Crawl Space, Finished Rooms
Heating: true, Forced Air, Natural Gas
Disability Feature: None

Exterior

Parking: Parking Lot

Construction

Roofing: Metal
General: Frame, Wood Siding, Poured Concrete, Stone

Location

Road/Access: Asphalt
HOA Amenities: Annually
Originating MLS: NGLRMLS API
County: Isabella

Lot

Zoning: 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

Utilities

Water: Public
Sewer: Public Sewer

Financial

Source: NGLRMLS API
Ownership: Private Owner

Property

Year Built: 1876
Type: Other

08/31/2022Sold

08/31/2022$89,900@ 17 per ft²Listed

Listing Broker

Robin Stressman

1 @ Praedium Realty

License #: 6502409992

Email: robin@mtpleasant.net

Phone: 989-773-4387

Location: Mt. Pleasant, MI

Robin Stressman has been assisting buyers and sellers in Central Michigan since 1982, building lasting relationships along the way. Known for her dedication and personalized approach, she stays up to date with industry developments to ensure her clients’ interests are always well represented. Over the years, Robin’s professionalism and expertise have earned her numerous prestigious accolades and designations in real estate.

Last Updated: 03/30/2026 01:50:19 pm

Offered by: Dave Feger, , 989-965-3075 @ EXP REALTY LLC

MLS: #1943141

Source: Northern Great Lakes Realtors MLS

Copyright © 2026 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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323 W Wright Avenue, Shepherd, MI 48883 is a 4 Bath, 5,200 Sq Ft, 0.68 Acres, Other built in 1876.

This property is currently available and was listed by Northern Great Lakes Realtors MLS on 03/30/2026 02:08:20 pm. The MLS # for the property is MLS #1943141.