For Sale
227 E Michigan Avenue, Marshall, MI 49068
$585,000
MLS # 26029415 (Michigan Regional Information Center (MichRIC))
2 beds3 baths3,701 sqftBuilt 18650.07 acres
1 / 37
Listing Description
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
Source: SparkMLS
About this home
2-bedroom, 3-bath, 3,701 sq ft home in Marshall in Marshall built in 1865.
Asking $585,000 (about $158/sq ft).
Property tax estimate: $4,985 per year ($415/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by City of Marshall; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms3
Living Area3,701 sqft
Lot Size0.07 acres
Year Built1865
Stories3
Location
CityMarshall
MunicipalityMarshall City
Zip Code49068
CountyCalhoun
School DistrictMarshall
Construction & Systems
StyleHistoric, Other
ConstructionBlock, Concrete, Stone
BasementFull, Michigan Basement
HeatingBaseboard, Hot Water, Steam
WaterPublic
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet
InteriorCeiling Fan(s), Broadband, Guest Quarters, Eat-in Kitchen
Sale & Financing
Listed6/14/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,985
Tax Year2025
Assessed Value$67,060
Parcel #53-001-023-01
Source: SparkMLS
Legal Description
MARSHALL CITY, UPPER VILLAGE E 24 FT OF LOT 23.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Carole Shapiro
Berkshire Hathaway HomeServices Michigan Real Estate
Frequently Asked Questions about 227 E Michigan Avenue, Marshall, MI 49068
Which school district serves 227 E Michigan Avenue, Marshall, MI 49068?
Per MLS# 26029415, 227 E Michigan Avenue, Marshall, MI 49068 is in the Marshall boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Marshall directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26029415, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 227 E Michigan Avenue, Marshall, MI 49068?
Per public tax records, annual property taxes for this property are $4,985 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 227 E Michigan Avenue, Marshall, MI 49068 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 227 E Michigan Avenue, Marshall, MI 49068 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 227 E Michigan Avenue, Marshall, MI 49068?
Per Michigan Public Service Commission service territory data: Electric: City of Marshall. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Marshall City police department or the Calhoun County sheriff's office.
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Monthly payment$3,794
Principal & interest$3,794
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
City of Marshall
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
227 E Michigan Avenue, Marshall, MI 49068
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Municipality
Marshall
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