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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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227 E Michigan Ave , Marshall, MI 49068
$585,000
Est. Payment: $3,012.45/mo
0 Bed
3 Bath
3701 Sqft
Status: active | Days on site: 5
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

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

Highlights

Listed by Carole Shapiro , 269-209-4076 Berkshire Hathaway HomeServices Michigan Real Estate , 269-789-0140. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.07

Year Built

1865

County

Calhoun

School District

Marshall

Listing ID

26028436

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Air Cond:Window Unit(s)
Fireplaces:
Other:Broadband

Exterior Features

Garage Capacity:3
Roof:Composition
Principal Interest
$3,012
Taxes
$415

Home Price

$585,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$117,000
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Monthly Price:
$3,012.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,012.45 $415.42 $0.00 $3,427.87
Yearly $36,149.45 $4,985.00 $0.00 $41,134.45
Total $1,084,483.54 $149,550.00 $0.00 $1,234,033.54
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Marshall, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-02T23:53:55.000Z

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