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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
2 Bed
3 Bath
3701 Sqft
Status: active | Days on site: 35
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House 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 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.

Highlights

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

Property Type

Residential

Lot/Acreage
0.07

Year Built

1865

County

Calhoun

School District

Marshall

Listing ID

26029415

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:3
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Appliances:Bar Fridge, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Air Cond:Wall Unit(s),Window Unit(s)
Fireplaces:
Floor:Carpet,Ceramic Tile,Wood
Basement:Full,Michigan Basement
Other:Ceiling Fan(s),Broadband,Guest Quarters,Eat-in Kitchen
Other:Public

Exterior Features

Lot:Corner Lot,Level,Sidewalk
Roof:Shingle
Others:Balcony
Sewer:Public
Parking Features:Garage Faces Rear,Attached
Principal Interest
$3,012
Taxes
$415

Home Price

$585,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$117,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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
Lender profile image
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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