About 227 E Michigan Avenue
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.
Features of 227 E Michigan Avenue
| MLS® # | 64026029415 |
|---|---|
| Price | $585,000 |
| Bedrooms | 2 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 3,701 |
| Acres | 0.07 |
| Year Built | 1865 |
| Type | Residential |
| Sub-Type | Historic, Other |
| Style | Historic, Other |
| Status | Active |
Community Information
| Address | 227 E Michigan Avenue |
|---|---|
| Area | 96082 - Marshall |
| City | Marshall |
| County | Calhoun |
| State | Michigan |
| Zip Code | 49068 |
Amenities
| Utilities | Cable Connected, Natural Gas Connected, Phone Available |
|---|---|
| Parking | Asphalt, Attached, Paved, Garage Faces Rear |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Bar Fridge, Dishwasher, Dryer, Microwave, Refrigerator, Range, Washer |
|---|---|
| Heating | Baseboard, Electric, Hot Water, Natural Gas, Steam |
| Cooling | Ceiling Fan(s), Wall Unit(s), Window Unit(s) |
| Fireplace | Yes |
Exterior
| Exterior Features | Balcony |
|---|---|
| Lot Description | Corner Lot, Level |
| Construction | Block, Concrete, Stone |
| Foundation | Basement, Michigan Basement |
School Information
| District | Marshall/Albion |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Berkshire Hathaway HomeServices Michigan Real Estate |
|---|---|
| Contact Info | cjrealestate1@gmail.com |