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323 Wright Avenue W, Shepherd, MI 48883

$489,000
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  • 323 Wright Avenue W, Shepherd, MI 48883 Main Photo
New to the Market Active
MLS#1943141
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONMI
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Property Description

Rare Historic Mixed-Use Opportunity Main Street Location! This historic building offers excellent income potential in one of Central Michiganâ??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

323 Wright Avenue W | MLS# 1943141

This commercial property located at 323 Wright Avenue W, Shepherd, MI 48883 is currently listed for sale with an asking price of $489,000. Search Shepherd real estate on www.karlahummrealtor.com today.

Property Features

Property Type: Commercial - Business
Basement: Walkout, Crawl Space, Poured Concrete, Stone, Finished Rooms
Lot Size: 0.68 Acres
Roof Type: Metal
Year Built: 1876

Feature Descriptions

Business Included: Yes
Business Name: The Shepherd's Inn
Construction: Frame
Days on Site: 1
Exterior: Wood
Heating/Cooling: Forced Air
Lot Dimensions: 152X182.25
Parking: Parking Lot
Present Use: Retail Store, Bed & Breakfast
Real Estate Included: Yes
Road: Public Maintained, Blacktop
Sewer: Municipal
Water: Municipal Water
Waterfront Type: No

Listed By / Shown By

Listed By

Agency Name: EXP REALTY LLC
Agency Phone: 888-501-7085

Shown By

Agent Name: Karla Humm
Agent Phone: (231) 629-1042
Agency Title: Key Realty

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Karla Humm
Karla Humm Cell: (231) 629-1042 Email: karlahummrealty@gmail.com
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/01/2026. The listing information on this page last changed on 04/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/01/2026 12:45:00 AM EST) or MichRic (Michigan Regional Information Center) (last updated Tue 03/31/2026 11:17:32 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Tue 03/31/2026 11:34:27 PM EST) or NIRA MLS (last updated Tue 03/31/2026 6:18:31 AM EST) or RealComp MLS (last updated Wed 04/01/2026 12:30:42 AM EST) or Dayton MLS (last updated Tue 03/31/2026 11:46:34 PM EST) or NORIS MLS (last updated Tue 03/31/2026 11:14:18 PM EST) or IRES MLS (last updated Wed 04/01/2026 12:17:02 AM EST) or Colorado Real Estate Network IDX (last updated Tue 03/31/2026 7:05:34 PM EST) or CBRMLS (last updated Wed 04/01/2026 12:39:26 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Tue 03/31/2026 3:24:27 PM EST) or Terrehaute MLS (last updated Wed 04/01/2026 12:41:15 AM EST) or Pikes Peak REALTORR Services Corp (last updated Wed 04/01/2026 12:30:11 AM EST) or Stellar MLS (last updated Wed 04/01/2026 12:29:15 AM EST) or NKY MLS (last updated Tue 03/31/2026 11:28:23 PM EST) or Wrist MLS (last updated Tue 03/31/2026 11:24:16 PM EST) or Firelands MLS (last updated Tue 03/31/2026 11:11:25 PM EST) or LCAR MLS (last updated Tue 03/31/2026 10:50:12 AM EST) or West Central MLS (last updated Tue 03/31/2026 9:51:05 PM EST) or Fort Myers (last updated Tue 03/31/2026 11:04:34 PM EST) or Aspen/Glenwood Springs MLS (last updated Tue 03/31/2026 9:29:41 PM EST) or Northern Nevada Regional MLS (last updated Wed 04/01/2026 12:41:42 AM EST) or MLS NOW (last updated Wed 04/01/2026 12:17:29 AM EST) or Northern Great Lakes Association of Realtors (last updated Wed 04/01/2026 12:19:12 AM EST) or Mansfield MLS (last updated Tue 03/31/2026 11:47:13 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Wed 04/01/2026 12:36:13 AM EST) or Grand Junction MLS (last updated Tue 03/31/2026 11:37:23 PM EST) or Knox County MLS (last updated Tue 03/31/2026 11:08:38 PM EST) or IRMLS (last updated Tue 03/31/2026 11:12:25 PM EST) or Pueblo MLS (last updated Wed 04/01/2026 12:43:42 AM EST) or Upper Peninsula MLS (last updated Tue 03/31/2026 11:10:11 PM EST) or Greater Lansing MLS (last updated Tue 03/31/2026 10:37:48 PM EST) or SEBAR MLS (last updated Tue 03/31/2026 11:39:21 PM EST) or Water Wonderland MLS (last updated Tue 03/31/2026 10:52:45 PM EST) or Eastern Upper Peninsula MLS (last updated Tue 03/31/2026 11:59:10 PM EST) or Scioto Valley MLS (last updated Tue 03/31/2026 10:02:55 PM EST) or Northern Michigan MLS (last updated Tue 03/31/2026 9:33:49 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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