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    Historic Corner Income Building with 15-Foot Ceilings
    Updated: Jun 10
    Historic Corner Income Building with 15-Foot Ceilings

    227 E Michigan Avenue, Marshall, MI 49068

    $585,000
    3,701 sqft 0.07 AC lot
    Historic downtown Marshall corner building built in 1865 with restored showroom, period crown molding and woodwork, and 15‑foot ceilings
    Bank building features a marble fireplace, five display windows (three 8‑ft and two 7‑ft), and a lockable walk‑in vault
    Income setup includes an active transferable 5‑Star Superhost AirBnB on the 2nd floor plus a separate 1‑bedroom loft unit with private owner's passageway
    Unit conveniences include washer, dryer, and housekeeping storage; each unit has its own private staircase and entry
    1st‑floor systems updated with a new boiler added in 2025 and a mini split heat & AC unit; utilities include cable available and broadband
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    This listing looks promising.

    Here's a quick look at some key insights for

    227 E Michigan Avenue, Marshall, MI 49068

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Mortgage

      $240K
      Aug 2008

    • Last Sold

      Nov 2010
      $290K

    • Property Type

      Dry Cleaner
      Built 1900
    View Property Analytics
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Marshall, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Bank Building with Drive-Through
    Freestanding Bank Building with Drive-Through

    5937 King Highway, Kalamazoo, MI 49048

    $249,000
    2,000 sqft 0.75 AC lot

    Freestanding banking facility with double drive-thru and ample parking on three parcels in a B-2 community business district.

    View details
    Former Bank Drive-Thru Building
    Former Bank Drive-Thru Building

    215 N 20th Street, Battle Creek, MI 49037

    $375,000
    2,987 sqft 0.86 AC lot

    Freestanding former bank with four-lane drive-thru, zoned B-2 General Commercial for flexible retail, office, and medical use.

    View details
    Freestanding Retail Building with Drive-Thru
    Freestanding Retail Building with Drive-Thru

    5937 King Hwy, Kalamazoo, MI 49048

    $249,000
    2,000 sqft 0.75 AC lot

    2,000 SF building on 0.75 acres near Kalamazoo.

    View details
    Signalized Corner Redevelopment Site
    Signalized Corner Redevelopment Site

    1001 E Columbia Ave, Battle Creek, MI 49014

    Contact for pricing
    1 sqft 1.95 AC lot

    Signal-controlled hard-corner assemblage with a former bank building and two-thoroughfare frontage suited for QSR or fuel concepts.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Richmond, KY Out Parcel Land
    Richmond, KY Out Parcel Land

    2072 Merchant Drive, Richmond, KY 40475

    $1,400,000
    1.71 AC lot

    1.71 acre outparcel ideal for retail, restaurant, or office.

    View details
    Hard-Lighted Corner Development Site
    Hard-Lighted Corner Development Site

    -- Highway 412, E Kenwood, Siloam Springs, AR 72761

    $735,000
    8,252 sqft 1.47 AC lot

    Entitled, turn-key development parcel with hard-lighted corner and highway frontage off Hwy 412 for multiple commercial uses.

    View details
    Commercial Land in Terrytown
    Commercial Land in Terrytown

    121 Holmes Boulevard, Terrytown, LA 70056

    $65,000

    Vacant commercial land ready for development in Terrytown, Louisiana.

    View details
    Cape Coral Commercial Land Opportunity
    Cape Coral Commercial Land Opportunity

    Del Prado Blvd N & De Navarra Pkwy, Cape Coral, FL 33909

    $1,692,300
    2.59 AC lot

    Corner property near US 41, approved for development.

    View details

    Off-Market Properties in Marshall, MI

    Consider similar Off-Market properties in Marshall, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    107 Park Ave
    FINANCIAL BUILDING

    107 Park Ave, Marshall, MI 49068-1509

    Value Estimation by Request
    3,676 sqft 0.40 AC lot
    View details
    Michigan Ave
    FINANCIAL BUILDING

    Michigan Ave, Marshall, MI 49068

    Value Estimation by Request
    10,085 sqft 3.88 AC lot
    View details
    115 Mansion St
    FINANCIAL BUILDING

    115 Mansion St, Marshall, MI 49068

    Value Estimation by Request
    270 sqft 0.26 AC lot
    View details
    839 Grn St
    FINANCIAL BUILDING

    839 Grn St, Marshall, MI 49068-1431

    Value Estimation by Request
    9,284 sqft 1.50 AC lot
    View details
    115 Ww S Dr
    FINANCIAL BUILDING

    115 Ww S Dr, Marshall, MI 49068-1482

    Value Estimation by Request
    5,062 sqft 2.00 AC lot
    View details

    Marshall, MI Banks Market Trends and Statistics

    Explore 6 banks for sale in Marshall, MI on our real estate platform. These investment opportunities span a total of 3,701 square feet of properties for sale, with an estimated market value of $585,000.

    Sale prices for bank buildings in Marshall, MI start at $585,000, averaging $585,000, and reaching up to $585,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Auto shops 2
    Automotive properties 2
    Showrooms 2
    Banks 1
    Storefront properties 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) +1.0%
    Median Household Income $78,476
    College Educated 25.5%

    Taxes & Financing

    Tax Rate (average for all types) 4.83%
    Property Tax per SF $90.14 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Calhoun County

    New Delisted

    Total CRE Inventory on Market (SF)

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