3401 & 3415 Michigan Ave, Detroit, MI, 48226
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
Somewhat Walkable
Some Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,562 | $66,744 |
| Home Insurance * | $334 | $4,008 |
| Property Taxes | $1,347 | $16,164 |
| Electricity | $545 | $6,544 |
| Total | $7,788 | $93,456 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $1,100,000 |
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