227 E Michigan Avenue, Marshall, MI 49068

$585,000
2
BD
3
BA
3,701
SqFt

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List Price
$585,000
Days on Market
47
MLS#
26029415
Status
ACTIVE
Type
Single Family Residential
Bedrooms
2
Bathrooms
3
Full-baths
2
Half-baths
1
Living Area
3,701

Property 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 available 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.

Additional Information

Taxes
$4,985
Accessibility Features
Low Threshold Shower
Acres
0.07
Appliances
Refrigerator, Microwave, Dishwasher, Dryer, Washer, Range, Bar Fridge
Basement
Full, Michigan Basement
Fireplace
Yes
Heating
Baseboard, Hot Water, Steam
Roofing
Shingle
School District
Marshall
Stories
3
Utilities
Cable Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Carole Shapiro from Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate.

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