Courtesy of Berkshire Hathaway HomeServices Michigan Real Estate, Carole Shapiro

227 E Michigan Avenue, Marshall, Michigan, 49068

$549,000
3,701 Sqft
0.07 Acres
3 ba
#26028436
A distinctive downtown Marshall classic historic corner building featuring 3+ instant turnkey income opportunities. Built as a bank in 1865, the showroom has been meticulously restored with 15-foot ceilings with 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 loft 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 1800s, 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. Ample guest/customer parking on the street or in the free city parking garage kitty corner to the rear. A new boiler was added in 2025 along with a mini split heat & AC unit on the 1st floor. First time on the market in 35 years. Asking $585,000.

PROPERTY FEATURES

  • Business Type : Other, Professional/Office, Professional Service, Restaurant, Retail
  • Utilities : Natural Gas Available, Phone Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Paved
  • Parking Total: 3
  • Cooling on Property:
  • Cooling: Window Unit(s)
  • Heating on Property:
  • Heating : Natural Gas, Baseboard, Steam, Electric
  • Construction Materials: Block, Concrete, Stone
  • Roof: Composition
  • Road Surface Type: Paved
  • Basement on Property:
PROPERTY DETAILS
ID: 26028436
Status: Active
Price: $549,000
Acres: 0.07 Acres
Price Per Acre: $7,842,857
Type: Other
Address: 227 E Michigan Avenue
City, State: Marshall, Michigan
County: Calhoun
Zip Code: 49068
Lat/Long: 42.27233, -84.956723
Presented By: Carole Shapiro
Phone:
Email: Click to Contact