323 W Wright Avenue

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Source: MiRealSource

Originating MLS: MiRealSource

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NGL-C00240

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 Information

Property Details

Location

Address

323 W Wright Avenue

County

Isabella

City

Shepherd

Zip Code

48883

Subdivision

Village Of Shepherd

School District

Shepherd Public School District

MLS Area

Shepherd (37020)

Listing provided by EXP REALTY LLC

Interior Features

Heating and Cooling

Cooling

Central Air, Window Unit(s)

Heating

Forced Air

Building

Building Information

Square Feet

1,016

Year Built

1850

Construction

Wood Siding

Foundation

Basement

Financial

Special Conditions

Standard

323 W Wright Avenue, Shepherd, MI 48883

Market Report for 48883