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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

    • Price @ 7% Cap

      $588K
      Above asking

    • Last Sold

      Nov 2010
      $290K

    • Property Type

      Dry Cleaner
      Built 1900
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    Historic Corner Mixed-Use Building
    Updated: Jun 10
    Historic Corner Mixed-Use Building

    227 E Michigan Avenue, Marshall, MI 49068

    Contact for pricing
    3,701 sqft
    Restored 1865 bank‑turned corner building with 15‑ft ceilings, period crown molding/woodwork, and marble fireplace
    1st‑floor mini split heat & AC plus new 2025 boiler
    2nd‑floor transferable 5‑Star “Superhost” AirBnB with private balcony
    2nd‑floor one‑bedroom loft apartment with private owner passageway, washer/dryer, and housekeeping storage
    Each unit has its own private staircase and entry; lockable walk‑in vault with multiple tall display windows
    View details
    Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Calhoun County, MI, we suggest exploring several alternatives:

    Calhoun County, MI Short Term Rental Properties Market Trends and Statistics

    Explore 2 short term rental properties for sale in Calhoun County, MI on our real estate platform. These investment opportunities span a total of 7,402 square feet of properties for sale, with an estimated market value of $585,000.

    Sale prices for short term rental properties in Calhoun County, MI average $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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