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

040

MLS® 1944433

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 5000 sqft
Garage No
Taxes 
Days Active 5
Lot Size 0.68 acres
Approx. Age 1850
Avg. Price Per Sqft $97
MLS® Number 1944433

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

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1944433
Laundry LevelLaundry Hook-up
Central VacNo
FireplaceNo
Acreage0.68
Exterior
GarageNo
Approx. Age1850
BasementFull, Daylight, Finished Rooms, Exterior Entry
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

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

Commute

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

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