227 E Michigan AvenueMarshall, MI 49068

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 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 Information

Property type

Residential

Sub-type

Single Family Residence

Style

Historic / Other

Year built

1865

Living area

3,701 Sq Ft

Lot size

0.07 acres

Lot dimensions

24x118

Days on market

124

MLS^® Listing#

26029415

Property Features

Interior

Ceiling Fan(s) · Eat-in Kitchen · Vaulted Ceiling(s) · High Speed Internet

Exterior

Balcony

Appliances

Bar Fridge · Dishwasher · Dryer · Microwave · Range · Refrigerator · Washer · Electric Water Heater

Cooling

Ceiling Fan(s) · Wall Unit(s) · Window Unit(s)

Heating

Natural Gas · Baseboard · Hot Water · Steam · Electric

Flooring

Ceramic Tile · Carpet · Wood

Basement

Full

Parking

Garage Faces Rear · Attached · Asphalt · Paved

Laundry

Electric Dryer Hookup · In Hall · Upper Level · Washer Hookup

Patio

Terrace

Lot features

Corner Lot · Level

Construction

Block · Concrete · Stone

Roof

Shingle

Windows

Storm Window(s) · Window Treatments

Community

Sidewalks

Utilities

Natural Gas Available · Phone Available · Electricity Available · Cable Available · Natural Gas Connected · Cable Connected

Sewer

Public Sewer

Water source

Public

Schools

District

Marshall

Financial Details

Annual taxes

$4,985Tax year 2025

Assessed value

$67,060

Parcel number

53-001-023-01