About 323 W Wright Avenue
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
Features of 323 W Wright Avenue
| MLS® # | 1943141 |
|---|---|
| Price | $489,000 |
| Bathrooms | 4.00 |
| Square Footage | 5,200 |
| Acres | 0.68 |
| Year Built | 1876 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 323 W Wright Avenue |
|---|---|
| Subdivision | Village of Shepherd |
| City | Shepherd |
| County | Isabella |
| State | MI |
| Zip Code | 48883 |
Amenities
| Parking | Parking Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Has Basement | Yes |
| Basement | Walk-Out Access, Crawl Space, Finished Rooms |
| Fireplace | No |
Exterior
| Lot Description | Shopping Center |
|---|---|
| Roof | Metal |
| Construction | Frame, Wood Siding |
| Foundation | Poured Concrete, Stone |
Additional Information
| Days on Market | 66 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | EXP REALTY LLC |
|---|