3401 & 3415 Michigan Avenue Detroit, MI $ 1,100,000
3401 & 3415 Michigan Avenue
$ 1,100,000
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3401 & 3415 Michigan Avenue

Detroit, MI, 48216
$ 1,100,000
Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

$ 6,773

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Commercial Property for sale in Detroit, MI

for $1,100,000. This 5,000 square foot building was built in 1925 on a lot size of 0.1.

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.

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Commercial Active

Price

$ 1,100,000

Property Type

Commercial

Taxes

$ 2,847

Style

RealEstateOnly

Lot Size

0.1

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261018515

Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick Stone
Year Built 1925
Property Subtype RealEstateOnly
Current Use MultiFamily Residential
County Wayne
Net Operating Income 40000.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name FISHERS SUB OF EASTERN PT OF LTS 62 & 63
Garage Y/N N
Status Active
Directions Just West of Corktown but Don't call it West Corktown
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Multiple
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2847.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 30287
Expected Active Date 2026-03-24
Legal Description S MICHIGAN E33.90 FT 4FISHERS SUB OF EASTERN PT OF LOTSL1 P38 PLATS W C R 12/39 33.90X150
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Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 70X134
Lot Size Acres 0.1
Waterfront Y/N N
Road Frontage Type Alley Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 5000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 3401
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* Excluded Features
List By
Bill Swanson

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$7,010
Per Month
97%
3%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
$237
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,100,000 Listed Price

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3401 & 3415 Michigan Avenue, Detroit, MI, 48216 is a Commercial Property for sale at $1,100,000 with 5,000 sqft and a lot size of 0.1. 3401 & 3415 Michigan Avenue was built in 1925. The property's zip code is 48216 which is in Detroit, MI