227 E Michigan Ave, Marshall, MI, 49068
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
Very Walkable
Very Limited Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Calhoun County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,958 | $35,496 |
| Home Insurance * | $372 | $4,464 |
| Property Taxes | $653 | $7,836 |
| Electricity | $403 | $4,844 |
| Total | $4,386 | $52,632 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Listed for sale | $585,000 |
For Sale by Agent
View on Zillow