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227 E Michigan Avenue

Marshall, MI 49068

$585,000 $2,466/Mo

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Overview

Bed

Bath

3,701

Sqft

0.07

Acre(Lot)

Description

ENJOY DOWNTOWN URBAN LOFT LIVING as the large main floor business rental and 5-Star AirBnB produce income. This distinctive downtown Marshall Classic historic corner building featuring 3+ instant turnkey income opportunities was built as a bank in 1865 with the showroom meticulously restored with 15-foot ceilings, period crown molding and woodwork, a marble fireplace, three 8-foot and two 7-foot tall display windows and a lockable walk-in vault. The 2nd floor is split between an active, transferable 5-Star 'SuperHost' AirBnB with a private balcony and an artful urban one-bedroom apartment, featuring a private owner's passageway between the two with a washer, dryer and housekeeping storage. Each unit has its own private staircase and entry. Used in the 1800's, the 3rd floor could be ava ilable for expansion. Enjoy the 500 square foot rooftop patio/garden for afterglow parties and the 2+ private parking spaces on the property. There is ample guest/customer parking on the street or the street or in the free city parking garage kitty corner to the rear. A new boiler was added in 2025 with a mini split heat & AC unit on the 1st floor. First time on the market in 35 years. Asking $585,000.

Property Details

Property Type : Residential

Price : $585,000

AD Id : 84921990

MLS Id : 26029415

Beds : 2

Lot Size : 0.07 Acre

Living Area Size : 3,701

Year Built : 1865

County : Calhoun

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 2 Window Feature: Storms, Window Treatments

Bathroom Information

Total Baths: 3 Full Baths: 2 Half Baths: 1

Water/Sewer

Sewer: Public

Room Information

Other Rooms: 15
Flooring Information

Carpet, Ceramic Tile, Wood
Roofing Information

Shingle
Interior Features

Ceiling Fan(s), Broadband, Guest Quarters, Eat-in Kitchen Roof: Shingle Appliances: Bar Fridge, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Laundry Features: Electric Dryer Hookup, In Hall, Upper Level, Washer Hookup
Heating & Cooling

Heating: Baseboard, Hot Water, Steam Cooling: Wall Unit(s), Window Unit(s) WaterSource: Public
Fireplace

Fireplace: Yes Number of Fireplaces: 1 Fireplace Features: 1

Building Information

Year Built: 1865 Construction Materials: Block, Concrete, Stone Basement: Full, Michigan Basement Roof: Shingle
Exterior Features

Balcony

Porch: Terrace
Road Types

Paved
Accessibility Features

Low Threshold Shower

Laundry Features

Electric Dryer Hookup, In Hall, Upper Level, Washer Hookup

Patio And Porch

Terrace

Lot Information

Lot Dimensions: 24x118 Lot Description: Corner Lot, Level, Sidewalk Lot Size Area: 0.07 Acres Lot Square Feet: 3,049 Stories: 3 Main Square Feet: 3701

Property Information

Property Type: Residential Sub Type: Single Family Residence Style: Historic, Other SQ ft (Living Area): 3,701 Construction Materials: Block, Concrete, Stone Property Age: 161

Listing Price Information

Listing Id: 26029415 ist Price: $585,000 List Price Tot SqFt: $158 Listing Terms Cash, Conventional

Tax Information

Parcel Number: 53-001-023-01 Annual Tax: $4,985 Tax Year: 2025 Taxes: MARSHALL CITY, UPPER VILLAGE E 24 FT OF LOT 23.

Parking Information

Attached Garage: Yes Garage Faces Rear, Attached

School Information

Senior High School District: Marshall
Utility Information

Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet

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