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$549,000
Active227 E Michigan Avenue
Marshall City, MI 49068
3,701
Square Feet
2
Beds
2.5
Baths
0.07
Acres
83
Days on Market
64026029415
MLS#
House
Structure
Residential
Zone
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 orthe 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 Details
- Interior
- VaultedCeilings, WindowTreatments
- Fireplaces
- 1
- Cooling
- 1
- Heating
- Baseboard, Electric, HotWater, NaturalGas, Steam
- Cooling Features
- Ceiling Fans, WallUnits, WindowUnits
- Bedrooms
- 2
- Bathrooms
- 2.5
- Full Baths
- 2
- Half Baths
- 1
- Lot Features
- CornerLot, Level
- Lot Description
- CornerLot, Level
- Exterior Features
- Balcony
- Exterior Materials
- Balcony
- Acres
- 0.07
- Square Feet
- 3701.0
- Lot Size (sqft)
- 3049.0
- Parking Features
- Asphalt, Attached, Paved, GarageFacesRear
- Parking
- 1
- Parking Type
- Garage
- Property Type
- Purchase
- Style
- Historic, Other
- Basement
- 1
- Basement Description
- Full
- Year Built
- 1865
- Foundation
- Basement, MichiganBasement
- Roof
- Shingle
- Sewer Information
- Public Sewer, StormDrain
- Utility Source
- Public
- Utility Features
- Cable Connected, NaturalGasConnected, PhoneAvailable
- Appliances
- BarFridge, Dishwasher, Dryer, Microwave, Refrigerator, Range, Washer
- Community Features
- Sidewalks
- School District
- MarshallAlbion
- County
- Calhoun
- Region
- MarshallCity_Calhoun
- Original List Price
- $585,000
- Days on Market (Cumulative)
- 83
- Taxes Annual
- $4,985
- MLS #
- 64026029415
Location
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Provided By
Listed by Carole Shapiro (#64143237627904)
Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate (#642745348113)