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Active
    • Price cut: $36K (8/24)
    $549,000

    227 E Michigan Ave, Marshall, MI 49068

    2beds
    3,701sqft
    : 
    $4,316/mo
    Get pre-qualified
    Single Family Residence
    Built in 1865
    3,049 Square Feet Lot
    $-- Zestimate®
    $148/sqft
    $-- HOA

    What's special

    Marble fireplaceHistoric corner buildingArtful urban one-bedroom apartmentLockable walk-in vaultPrivate balcony
    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.
    80 days
    783
    50

    Zillow last checked:

    Listing updated:

    Listed by:

    Carole Shapiro 269-209-4076,

    Berkshire Hathaway HomeServices Michigan Real Estate 269-789-0140

    Source: MichRIC,MLS#: 26029415MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Baseboard, Hot Water, Steam
      Cooling
      • Wall Unit(s), Window Unit(s)
      Appliances
      • Included: Bar Fridge, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup, In Hall, Upper Level, Washer Hookup
      Features
      • Ceiling Fan(s), Guest Quarters, Eat-in Kitchen
      • Flooring: Carpet, Ceramic Tile, Wood
      • Windows: Storms, Window Treatments
      • Basement: Full,Michigan Basement
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 3,701
      • Total interior livable area: 3,701 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Garage Faces Rear, Attached
      Accessibility
      • Accessibility features: Low Threshold Shower
      Features
      • Stories: 3
      • Exterior features: Balcony
      Lot
      • Size: 3,049 Square Feet
      • Dimensions: 24 x 118
      • Features: Corner Lot, Level, Sidewalk
      Details
      • Parcel number: 5300102301

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Historic,Other
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete, Stone
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1865

      Utilities & green energy

      • Sewer: Public Sewer, Storm Sewer
      • Water: Public
      • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected

      Community & HOA

      Location
      • Region: Marshall

      Financial & listing details

      • Price per square foot: $148/sqft
      • Tax assessed value: $67,060
      • Annual tax amount: $4,985
      • Date on market: 6/15/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/24/2026Price change$549,000-6.2%$148/sqft
        Source: MichRIC #26029415 Report a problem
        6/15/2026Listed for sale$585,000$158/sqft
        Source: MichRIC #26029415 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 49068

        Getting around

        77 / 100
        Very Walkable
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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