Properties for sale in Michigan

Overview

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

Supplements: split heat & AC unit on the 1st floor. First time on the market in 35 years. Asking $585,000.

Location Property Info

County: Calhoun
Street #: 227
Street Direction: E
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 49068
Zip (4): 1545

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3049
Lot Dimensions: 24x118
Year Built: 1865
Road Frontage: 24
Mineral Rights: Unknown
Total # Units: 3
# Fin Bldg Lvls: 3706
Total # Bldgs: Yes
Total SqFt: 3701
Property Use Type: Business
Full Baths: 3
Total Baths: 3
Waterfront: No
School District: Marshall

Tax Info

Tax ID #: 53-001-023-01
Taxable Value: 67060
SEV: 75900
For Tax Year: 2025
Seller's Annual Property Tax: 4985
Tax Year: 2025
Spec Assessment & Type: N/A
Homestead %: 0

Additional Details

Total Parking Spaces: 3

Unit 1

SqFt: 2141
Occupied: No
# HVAC: 2
# Baths: Yes

More Information

Unit 2

SqFt: 780
Occupied: No
# Baths: Yes

Unit 3

SqFt: 780
# Baths: Yes

Location & Property Info

Cross Streets: Hamilton & Michigan Ave
Property Sub-Type: Business Opportunity
Municipality: Marshall City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 158.07
Prop Avail for Lease?: No

Remarks & Misc

Public Remarks: 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
Legal: LL@LO

Street Type

Paved: Yes
Public: Yes

SqFt Information

Smoke Detector(s): Yes

Property Use

Business: Yes
Investment: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes
Other: Yes

Construction Type

Block: Yes
Other: Yes

Exterior Material

Block: Yes
Concrete: Yes
Stone: Yes

Roofing

Composition: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

Basement: Yes
Full: Yes

Heat Type

Baseboard: Yes
Mini-Split: Yes
Steam: Yes

Air Conditioning

Mini-Split: Yes
Window Unit(s): Yes

Business Includes

Furniture: Yes
Inventory: Yes
Real Estate: Yes

Additional Features

Bath Common Area: Yes

Foundation

Combination: Yes
Stone: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Driveway

Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Negotiable: Yes

Property Features

Property Use: Business; Investment SqFt Information: Smoke Detector(s) Uses: Professional Service; Professional/Office; Restaurant; Retail; Other Ownership: LLC Business Includes: Furniture; Inventory; Real Estate Construction Type: Block; Other Exterior Material: Block; Concrete; Stone Roofing: Composition Foundation: Combination; Stone Below Grade: Basement; Full Additional Features: Bath Common Area Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Electric; Natural Gas Heat Type: Baseboard; Mini-Split; Steam Air Conditioning: Mini-Split; Window Unit(s) Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Negotiable

227 E Michigan Avenue, Marshall, MI 49068