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$ 549,000
Est. payment /mo
Price Dropped by $36K
227 E Michigan Avenue Marshall, MI 49068-1545
3,701 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,701 sqft
Price per Sqft $148
Subdivision Mi
MLS Listing ID 70538126
Year Built 1865
Annual Tax Amount $4,985
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 24x118
Property Sub-Type Business
Property Description
A distinctive downtown Marshall classic historic corner building featuring 3+ instant turnkey income opportunities. Built as a bank in 1865, the showroom has been meticulously restored with 15-foot ceilings with 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 loft 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 1800s, 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. Ample guest/customer parking on the street or in the free city parking garage kitty corner to the rear. A new boiler was added in 2025 along with a mini
Location
State MI
County Calhoun
Area Marshall (13028)
Interior
Heating Baseboard, Steam
Exterior
Parking Features 3-5 Spaces
Roof Type Composite
Building
Foundation Basement
Structure Type Block,Concrete,Stone
Others
Ownership LLC
Energy Description Electric,Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices Michigan Real Estate