Active

323 W Wright Avenue

Shepherd, Michigan 48883

$489,000 $2,061/Mo

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Overview

Bed

Bath

1,016

Sqft

0.68

Acre(Lot)

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.

Property Details

Property Type : Multifamily

Price : $489,000

AD Id : 77845544

MLS Id : 79080067557

Lot Size : 0.68 Acre

Living Area Size : 1,016

Year Built : 1850

County : Isabella

Subdivision: Starr Acres

Map

What's Nearby

Nearby Areas

Features

Room Information

Porches: Porch

Interior Features

Egress Window(s) Basement Description: Daylight,Partially Finished
Heating & Cooling

Cooling: Central Air,Window Unit(s) Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1850 Total Units: 4 Foundation/Basement: Basement Architecture: Colonial
Exterior Features

Construction: Wood
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.68 Lot Dimensions: 152X182
Property Information

SQ ft: 1016 Subdivision: Village of Shepherd Financing: Cash,Contract,FHA

Listing Price Information

Original List Price: $489,000
Listing Information

Possession: At Close Legal Description: 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

Tax Information

Parcel Number: 310500004900
Possession

At Close
Legal Information

Legal Description: Section: 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

School Information

School District: Shepherd
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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ByOwner last updated this listing 06/04/2026 @ 17:41

MLS: 79080067557 LISTED BY: Dave Feger , EXP REALTY LLC 888-501-7085 SOURCE: Realcomp II Ltd