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227 E Michigan Ave, Marshall, MI, 49068

2beds
3baths
3,701sqft
$585,000
$158price/sqft
$4,386/moest. monthly cost
$175,440/yrincome needed

About This Home

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.

Getting Around

78
WalkingVery Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

9/10
Walters ElementaryGrades PK-50.9 mi
6/10
Marshall Middle SchoolGrades 6-80.2 mi
9/10
Marshall High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1865

Materials

  • Roof: Shingle
  • Construction materials: Block,Concrete,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Historic,Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Bar Fridge,Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
  • Laundry features: Electric Dryer Hookup,In Hall,Upper Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Guest Quarters,Eat-in Kitchen
  • Window features: Storms,Window Treatments
  • Flooring: Carpet,Ceramic Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Steam
  • Cooling features: Wall Unit(s),Window Unit(s)

Interior Area

  • Total structure area: 3,701
  • Total interior livable area: 3,701 sqft

Property

Accessibility

  • Accessibility features: Low Threshold Shower

Details

  • Parcel number: 5300102301

Features

  • Stories: 3
  • Exterior features: Balcony

Lot

  • Lot size: 3,049 sqft
  • Features: Corner Lot,Level,Sidewalk
  • Lot size dimensions: 24 x 118

Parking

  • Parking features: Garage Faces Rear,Attached