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3401 & 3415 Michigan Ave, Detroit, MI, 48226

2beds
4baths
5,000sqft
$1,100,000
$220price/sqft
$7,788/moest. monthly cost
$311,520/yrincome needed

About This Home

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.

Getting Around

69
WalkingSomewhat Walkable
48
TransitSome Transit
89
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1925

Materials

  • Foundation: Basement,Block
  • Construction materials: Brick,Stone

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 4
  • Full bathrooms: 5

Features

  • Finished area above ground: 5,000

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 5,000 sqft

Property

Details

  • Parcel number: 12000323.
  • Zoning description: Commercial, MultiFamily, Residential
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio
  • Exterior features: Private Entrance

Lot

  • Lot size: 10,050 sqft
  • Lot size dimensions: 75 x 134

Parking

  • Total spaces: 6
  • Parking features: Parking Lot