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About the Listing 62142 - 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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
80067557
Year Built
1850
Total Square Footage
1,016
Lot/Acreage
0.68
County
Isabella
Neighborhood
Village of Shepherd
Area
Shepherd (37020)
School District
Shepherd Public School District
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Dryer, Refrigerator, Washer
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1016
- Below Ground Sq Ft: n/a
- Basement: Egress/Daylight Windows,Full,Outside Entrance,Partially Finished,Stone
- Other: Hardwood Floors
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 152X182
- Zoning: Commercial
- Roof:
- Others: Porch,Sidewalks
- Sewer: Public Sanitary
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
323 W Wright Shepherd, MI 48883
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