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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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2564 Michigan Ave , Detroit, MI 48216
$1,799,900
Est. Payment: $3,999.78/mo
0 Bed
0 Bath
4966 Sqft
Status: Active | Days on site: 69
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House Description

An extraordinary mixed-use opportunity in the heart of Corktown. The iconic Blanco Building offers 3,230 SF of prime ground-floor commercial space paired with a 2,000+ SF curated penthouse residence above, currently home to The 1 Room Hotel—creating one of Detroit's most distinctive live-work investment opportunities.Thoughtfully restored to honor its historic character while meeting modern standards, the Blanco Building stands as a landmark of Corktown's resurgence. The commercial space provides an exceptional canvas for visionary retail, hospitality, gallery, wellness, office, or experiential concepts that complement the neighborhood's design-forward identity.Above the retail space is a refined 2,000 SQFT penthouse residence featuring three bedrooms, over 3,000 sq ft of indoor-outdoor living with a private rooftop terrace, designer finishes, and amenities including a wellness room, Four Seasons sunroom, private courtyard, and attached four-car garage—offering a rare owner-occupant opportunity or executive residence. The residence is currently home to The 1 Room Hotel, an intimate luxury boutique stay that attracts a built-in audience of discerning travelers. seeking premium, locally rooted experiences. The commercial space is ideally positioned to benefit from concierge partnerships, curated retail, elevated food and beverage concepts, or bespoke guest services. Located steps from Michigan Central, Detroit's acclaimed dining scene, cultural destinations, and the city's rapidly expanding innovation corridor, the property is minutes from downtown Detroit, the Detroit Riverwalk, Ralph C. Wilson Jr. Centennial Park, and the Southwest Greenway. Whether as a flagship business, investment, or live-work destination, the Blanco Building represents a truly rare opportunity in one of Detroit's most sought-after neighborhoods.

Highlights

Listed by Vadim Oss , 248-266-2566 Nika & Co , 313-858-6580.

Property Type

Commercial Sale

Lot/Acreage
0.09

Year Built

1905

County

Wayne

School District

Detroit

Listing ID

20261052408

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement
Water:Public

Exterior Features

Roof:Rubber
Principal Interest
$4,000
Taxes
$1,087

Home Price

$1,799,900

Loan Details

30 yrs
%

Down Payment

20%
$359,980
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Monthly Price:
$3,999.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,999.78 $1,086.56 $0.00 $5,086.34
Yearly $47,997.33 $13,038.71 $0.00 $61,036.04
Total $1,439,920.00 $391,161.30 $0.00 $1,831,081.30

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, 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.