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Marshall's first store opened in 1890 by Sylvia Rice. Sylvia Rice was from Marshalltown, Iowa and named the new town Marshall after his home town. The railroad was built a few years later in 1894 a 1/2 mile from town so the entire town moved to be near the railroad.
There are two cemeteries in
Back in the town's prime between 1900 and 1980 it had two gas stations, a hotel, 5-dime store, drug store, cafe, bar, grocery store, laundromat, hardware store, lawyer office, bank, doctor office, blacksmith, barber shop, beauty shop, fire station, arcade, movie theatre, two car dealers and farmers' co-op. Today all that is left is the co-op and post office. Where main street was once lined with cars on Saturdays is now pretty much a ghost town. Most of the building downtown are or have fallen down or empty. During the 1980s the oil bust happened and the town hasn't been the same ever since.{{Citation needed|date=November 2009}}
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