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Jim Blehm

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

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34013415 3401 & 3415 Michigan Ave , Detroit, MI 48226
$1,100,000
Est. Payment: $2,444.44/mo
0 Bed
5 Bath
0 Sqft
Status: Active | Days on site: 134
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House Description

The Bank House is a once-in-a lifetime, one-of-a-kind loft-like mansion on Michigan Avenue in Corktown. A former bank built in 1925, this gorgeous limestone building has been completely and creatively renovated as one of Detroit’s most stunning unconventional single-family residences. Extraordinary original details include terrazzo floors, grand copper vestibule, oversized arched windows, intricate trim, and the original bank vault. With approximately 2,500 square feet and 18-plus-foot ceilings, the sprawling main living space includes an open state-of-the-art kitchen—a dream for a chef or entertainer—and the equally impressive outdoor courtyard is the perfect urban oasis for entertaining, private dinners, and outdoor living. An expansive basement offers even more additional space for a home office, gym, studio, or family room. Also included in the sale, the adjacent building—formerly a bar—is currently a fully furnished, high-performing three-bedroom income property/Airbnb, grossing more than $40,000 per year. The lot between the two buildings (included in the sale) functions as a second stylish courtyard, plus additional parking. Walkable to the newly restored Michigan Central Station and all the amenities of bustling Corktown, this up-and-coming stretch of Michigan Avenue is developing quickly— including the Detroit City Football Club stadium, AlumniFi Field, currently under construction right down the street. Beloved neighboring businesses include 27th Letter Books, Detroit Kung Fu Academy, and local favorites Ro Cham Beau, Mike’s Famous Ham Place and Ladder #4 Wine Bar.

Highlights

Listed by Bill Swanson , 313-506-5471 O'Connor Realty Detroit, LLC , 313-963-9891.

Property Type

Multi-Family

HOA Fee

Year Built

1925

County

Wayne

School District

Detroit

Listing ID

20261019237

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$2,444
Taxes
$237
HOA
$0

Home Price

$1,100,000

Loan Details

30 yrs
%

Down Payment

20%
$220,000
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Monthly Price:
$2,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,444.44 $237.25 $0.00 $2,681.69
Yearly $29,333.33 $2,847.00 $0.00 $32,180.33
Total $880,000.00 $85,410.00 $0.00 $965,410.00

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.