MLS#1943141
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONMI
Property 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
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: 64
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: Jen Kreta
Agent Phone: (231) 492-4062
Agency Title: Key Realty
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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 jenniferkreta.ikeyrealty.com today.