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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$585,000

Est. payment - /mo

3 Baths

3,701 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 3,701 sqft

Price per Sqft $158

MLS Listing ID 64026028436

Year Built 1865

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type BusinessandRealEstate

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

Location

State MI

County Calhoun

Area Area96082Marshall

Rooms

Basement Common Storage Locker, Full

Interior

Heating Baseboard, Electric, Natural Gas, Steam

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Paved

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable

View Y/N No

Roof Type Composition

Building

Foundation Basement, Combination, Stone

Sewer Public Sewer, Storm Drain

Water Public

New Construction No

Schools

School District Marshall Albion

Others

Ownership LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Carole Shapiro of Berkshire Hathaway HomeServices Michigan Real Estate

Nearby Locations

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Erin Raetz

+1(586) 996-8410

227 E Michigan AVE Marshall City, MI 49068

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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