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.
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.
