$585,000

227 E Michigan Ave Marshall, MI 49068

Estimated payment $3,584/month

2 Beds
2.5 Baths
3,701 Sq Ft
$158 Price per Sq Ft

Highlights

  • Guest Quarters
  • Vaulted Ceiling
  • 1 Fireplace
  • Marshall High School Rated 9+
  • Wood Flooring
  • Corner Lot

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.

Listing Agent

Carole Shapiro

Berkshire Hathaway HomeServices Michigan Real Estate License #6506033200 Listed on: 06/15/2026

Berkshire Hathaway HomeServices Michigan Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,985

Year Built

  • Built in 1865

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 24x118
  • Corner Lot
  • Level Lot
  • Historic Home

Home Design

  • Shingle Roof
  • Stone

Interior Spaces

  • 3,701 Sq Ft Home
  • 3-Story Property
  • Bar Fridge
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments
  • Wood Flooring
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Guest Quarters
  • In-Law or Guest Suite

Laundry

  • Laundry in Hall
  • Laundry on upper level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • Attached Garage
  • Rear-Facing Garage

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Mini Split Heat Pump
  • Window Unit Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Low Threshold Shower
  • Terrace

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,985

Year Built

Built in 1865

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Historic, Other
  • Stories: 3
  • Year Built: 1865
  • General Property Info:Basement: Yes
  • General Property Info:Main Level Primary: No
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDI5NDE1IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA2LTE1VDE1OjMxOjQ0LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE0NjI5IiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.z7yw_fPLTQ1M8M82QQyPMoGUv34DUBFwBkkzLE2761c/badge
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Microwave, Dishwasher, Dryer, Washer, Range, Bar Fridge
  • Accessibility Features: Low Threshold Shower
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), In-Law Floorplan, Eat-in Kitchen
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full, Michigan Basement
  • LivingArea: 3701.0
  • Window Features: Window Treatments, Storms

Exterior Features

  • Construction Materials: Block, Concrete, Stone
  • List Price: 585000.0
  • Lot Features: Corner Lot, Level, Sidewalk
  • Patio and Porch Features: Terrace
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage: No
  • Parking Features: Paved, Asphalt, Attached, Garage Faces Rear

Utilities

  • Cooling: Wall Unit(s), Window Unit(s), Mini-Split
  • Cooling: Yes
  • Heating: Baseboard, Hot Water, Steam
  • Heating: Yes
  • Laundry Features: Washer Hookup, In Hall, Upper Level, Electric Dryer Hookup
  • Utilities: Cable Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.073
  • Lot Size Area: 0.07
  • Lot Dimensions: 24x118
  • Lot Size Sq Ft: 3049.0

Tax Info

  • Tax Annual Amount: 4985.0
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/15/2026 06/15/26 For Sale $585,000 -- $158 / Sq Ft
Source: MichRIC

Source: MichRIC

MLS Number: 26029415

MichRIC
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