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
Shepherd is located in Michigan. Shepherd, Michigan has a population of 1,371. Shepherd is more family-centric than the surrounding county with 32.57% of the households containing married families with children. The county average for households married with children is 27.03%.
The median household income in Shepherd, Michigan is $59,891. The median household income for the surrounding county is $48,840 compared to the national median of $69,021. The median age of people living in Shepherd is 34.6 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 13.3 degrees. The average rainfall is approximately 32.9 inches per year, with 41.4 inches of snow per year.
