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

Detroit, MI, 48226
$ 1,100,000
Baths5.0 Sq 5,000

Monthly Estimate*

$ 6,773

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Studio

Multi-Family Home for sale in Detroit, MI

for $1,100,000 with 5 full baths. This 5,000 square foot home was built in 1925.

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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Multi-Family Active

Price

$ 1,100,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 2,847

Style

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60978860

Features
General
Heating Forced Air
Possession Subject To Tenant Rights
Water Public Water
Status Active Active
Full Baths 5
Half Baths 0
Bathrooms 5
Year Built 1925
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 35000
Ownership Private
Municipality Detroit
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions West of Corktown in Core City
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description S MICHIGAN E33.90 FT 4FISHERS SUB OF EASTERN PT OF LOTSL1 P38 PLATS W C R 12/39 33.90X150. & S MICHIGAN W22.49 FT 4FISHERS SUB OF EASTERN PT OF LOTSL1 P38 PLATS
DOM 1
Postal Code 48216
Price Per Sq Ft Total AG 220
Public Remarks 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
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Interior
Basement Block
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Brick Stone
Exterior Amenities Patio
Frontage 75
Lot Dimensions 75X134
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Bill Swanson

Listing Agent

O'connor Realty Detroit, Llc

Broker

bill@oconnordetroit.com

Email

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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$1,100,000 Listed Price

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3401 & 3415 Michigan ave, Detroit, MI, 48226 is a Multi-Family Home for sale at $1,100,000 with 5,000 sqft. 3401 & 3415 Michigan ave is a studio with 5.0 baths and was built in 1925. The property's zip code is 48226 which is in Detroit, MI