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323 W Wright Avenue, Shepherd, MI 48883

$489,000

$98 per ft²

4 Bath

5,000 Sq Ft

0.68 Acres

Listing Office: EXP REALTY LLC

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Rare Historic Multi-Family Opportunity in a prime Main Street location! Built by the original founder of Shepherd, this unique historic property offers exceptional income potential in the heart of Central Michigan. With over 5,000 finished sq ft, the building was previously configured as four separate apartment units, making it ideal for investors looking to restore a traditional 4-unit rental with two upper and two lower units, or explore flexible options such as short term rentals or an owner-occupied income property. The spacious layout includes a full basement, offering additional storage or future expansion possibilities. Situated on a generous lot, the property features an open side yard and a large parking area to accommodate tenants and guests. Located adjacent to a family-friendly park, directly across from popular restaurants and thriving local businesses, and less than 10 minutes from Central Michigan University, Soaring Eagle Casino & Resort, and Alma College, this property offers both convenience and strong rental appeal. Whether you're looking to expand your portfolio or create a one-of-a-kind income-producing property, the possibilities here are truly endless.

Listing Agent: Dave Feger

License Number:

Offered by: EXP REALTY LLC

Office Phone: 888-501-7085

MLS: #1944433

Northern Great Lakes Realtors MLS

Date Added: 04/30/2026 02:06:46 pm

Last Update: 05/01/2026 06:34:35 pm

Days on Market: 2

Interior

General: Storage, High Speed Internet
Appliances: Refrigerator, Washer, Dryer
Laundry: Laundry Hook-up
Basement: Full, Daylight, Finished Rooms, Exterior Entry
Flooring: Hardwood
A/C: true, Central Air, Window Unit(s)
Heating: Forced Air, Natural Gas
Fireplace: None
Disability Feature: None

Exterior

General: Sidewalk, Rain Gutters, Shed(s)
Style: Colonial
Parking: None

Construction

Roofing: Metal
General: Frame, Wood Siding, 2, Stone

Location

Road/Access: Asphalt
HOA Amenities: Annually
Originating MLS: NGLRMLS API
School District: Shepherd Public School District
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: 1850
Type: Multi-Family
Style: Colonial

Schools

District: Shepherd Public School District

08/31/2022Sold

08/31/2022$89,900@ 18 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: 05/01/2026 06:34:35 pm

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

MLS: #1944433

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, 5,000 Sq Ft, 0.68 Acres, Multi-Family built in 1850.

This property is currently available and was listed by Northern Great Lakes Realtors MLS on 04/30/2026 02:06:46 pm. The MLS # for the property is MLS #1944433.