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Listed price in listed location currency (USD).
$489,000

040

MLS® 1943141

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 5200 sqft
Garage 
Taxes 
Days Active 25
Lot Size 
Approx. Age 1876
Avg. Price Per Sqft $94
MLS® Number 1943141

Property Address: 323 W Wright Ave, Shepherd, MI, 48883-2518

Average square foot calculated using Size range provided by listing 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
MLS® Number1943141
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1876
BasementWalk-Out Access, Crawl Space, Finished Rooms
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 30, 2026List Date
$489,000List Price
  • Commute

Commute

Starting Address
Destination Address
323 W Wright Ave, Shepherd, MI

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