227 E Michigan Avenue, Marshall, MI 49068 (MLS# 26029415)

227 E Michigan Avenue, Marshall, MI 49068

New Listing

$585,000

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Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 3,701 Lot Size (sq. ft.): 3,049 Status: Active

Current Price: $585,000 List Date: 6/15/2026 Last Modified: 6/15/2026

Overview

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

Supplements: 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.

Listing Details MLS# 26029415

Location Property Info

County: Calhoun
Street #: 227
Street Direction: E
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 49068
Zip (4): 1545

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3049
Lot Dimensions: 24x118
Year Built: 1865
Road Frontage: 24
Garage Y/N: No
Fireplace: Yes
Total Fireplaces: Yes
Income Property: Yes
Total Rooms AG: 15
Total Fin SqFt All Levels: 3701
SqFt Above Grade: 3701
Below Grade Unfinished SqFt: 2141
Building Total SqFt: 5842
Total Beds Above Grade: 2
Total Bedrooms: 2
Full Baths: 2
Half Baths: Yes
Total Baths: 3
Main Level Primary: No
Stories: 3
School District: Marshall
Association YN: No
Waterfront: No
Basement: Yes
Below Grade Finished SqFt: 0

Tax Info

Tax ID #: 53-001-023-01
Taxable Value: 67060
SEV: 75000
For Tax Year: 2025
Seller's Annual Property Tax: 4985
Tax Year: 2025
Spec Assessment & Type: N/A
Homestead %: 0

Access Feat

Accessibility Features: Yes

Upper Rooms

Upper Bedrooms: 2
Upper Full Baths: 2
Total Baths Above Grade: 3
Upper Level Square Feet: 0

More Information

Main Rooms

Main Half Baths: Yes
Main Level SQFT: 2141

Location & Property Info

Cross Streets: Hamilton & Michigan Ave
Property Sub-Type: Single Family Residence
Municipality: Marshall City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 158.07

Remarks & Misc

Public Remarks: 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
Legal: MARSHALL CITY, UPPER VILLAGE E 24 FT OF LOT 23.

Lot Description

Corner Lot: Yes
Level: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Utilities Attached

Cable Connected: Yes
High Speed Internet: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

Electric Dryer Hookup: Yes
In Hall: Yes
Upper Level: Yes
Washer Hookup: Yes

Exterior Material

Block: Yes
Concrete: Yes
Stone: Yes

Roofing

Shingle: Yes

Parking Features

Attached: Yes
Garage Faces Rear: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Baseboard: Yes
Hot Water: Yes
Mini-Split: Yes
Steam: Yes

Air Conditioning

Mini-Split: Yes
Wall Unit(s): Yes
Window Unit(s): Yes

Accessibility Feat

Low Threshold Shower: Yes

Lower Rooms

Lower Finished SQFT: 0
Total Lower SQFT: 0

Basement Rooms

Basement Finished SQFT: 0
Total Basement SQFT: 0

Driveway

Asphalt: Yes
Paved: Yes

Substructure

Full: Yes
Michigan Basement: Yes

Windows

Storms: Yes

Kitchen Features

Eating Area: Yes
Snack Bar: Yes

Additional Items

Ceiling Fan(s): Yes
Guest Quarters: Yes
Vaulted Ceilings: Yes
Window Treatments: Yes

Appliances

Bar Fridge: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Water Heater

Electric: Yes

Exterior Features

Balcony: Yes

Patio and Porch Features

Terrace: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Wood: Yes

Architectural Style

Historic: Yes
Other: Yes

Property Features

Accessibility Feat: Low Threshold Shower Laundry Features: Electric Dryer Hookup; In Hall; Upper Level; Washer Hookup Exterior Material: Block; Concrete; Stone Roofing: Shingle Windows: Storms Substructure: Full; Michigan Basement Lot Description: Corner Lot; Level; Sidewalk Sewer: Public Sewer Water: Public Utilities Attached: Cable Connected; High Speed Internet; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Kitchen Features: Eating Area; Snack Bar Additional Items: Ceiling Fan(s); Guest Quarters; Vaulted Ceilings; Window Treatments Appliances: Bar Fridge; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Heat Source: Electric; Natural Gas Heat Type: Baseboard; Hot Water; Mini-Split; Steam Air Conditioning: Mini-Split; Wall Unit(s); Window Unit(s) Water Heater: Electric Exterior Features: Balcony Flooring: Carpet; Ceramic Tile; Wood Patio and Porch Features: Terrace Parking Features: Attached; Garage Faces Rear Architectural Style: Historic; Other Driveway: Asphalt; Paved Street Type: Paved; Public Terms Available: Cash; Conventional Sale Conditions: None

Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate

Listing Agent: Carole Shapiro

Last Updated: June - 15 - 2026

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