227 E Michigan Avenue, Marshall, Michigan, 49068
3,701 Sqft
0.07 Acres
2 bd
3 ba
#26029415
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.
PROPERTY FEATURES
- Total Rooms: 15
- Utilities : Natural Gas Available, Phone Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
- Water Source : Public
- Sewer : Public Sewer
- Community Features : Sidewalks
- Parking Features: Garage Faces Rear, Attached, Asphalt, Paved
- Attached Garage on Property:
- Accessibility Features: Accessible Full Bath
- Exterior Features : Balcony
- Patio And Porch Features : Terrace
- Architectural Style : Historic, Other
- Cooling on Property:
- Cooling: Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Heating on Property:
- Heating : Natural Gas, Baseboard, Hot Water, Steam, Electric
- Construction Materials: Block, Concrete, Stone
- Roof: Shingle
- Road Surface Type: Paved
- Interior Features: Ceiling Fan(s), Eat-in Kitchen, Vaulted Ceiling(s), High Speed Internet
- Fireplace on Property:
- Basement Description : Full
- Basement on Property:
- Appliances : Bar Fridge, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Electric Water Heater
- Windows Features: Storm Window(s), Window Treatments
- Flooring : Ceramic Tile, Carpet, Wood
- Laundry Features : Electric Dryer Hookup, In Hall, Upper Level, Washer Hookup
PROPERTY DETAILS
ID: 26029415
Status: Active
Price: $549,000
Acres: 0.07 Acres
Price Per Acre: $7,842,857
Type: Single Family / Detached
Address: 227 E Michigan Avenue
City, State: Marshall, Michigan
County: Calhoun
Zip Code: 49068
Lat/Long: 42.27233, -84.956723
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