About This Home
This 2-bedroom, 3-bathroom single family at 227 E Michigan Avenue in Marshall, MI is listed for $549,000 ($148 per sqft). Built in 1865, the home offers 3,701 sqft of living space on a 0.07 acres lot.
Key Features
- Built in 1865
- 0.07 acre lot
- 3 stories
- Fireplace
Property Details
Amenities
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.
Monthly Cost Estimate
$2,936/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
227 E Michigan Avenue
Marshall, MI 49068
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 2-bedroom, 3-bathroom single family at 227 E Michigan Avenue is listed at $549,000 ($148/sqft). The estimated monthly payment is $2,936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1865, 0.07 acre lot, 3 stories, Fireplace. Interior Features: Ceiling Fan(s), Broadband, Guest Quarters. Exterior Features: Balcony.
This property is listed by Carole Shapiro and can be reached at 2692094076.
