3401 & 3415 Michigan ave
Detroit, MI, 48226 $ 1,100,000
Baths5.0 Sq 5,000 Monthly Estimate*
$ 6,773
Studio 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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FeaturesGeneralHeating 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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InteriorBasement Block
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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ExteriorExterior Brick Stone
Exterior Amenities Patio
Frontage 75
Lot Dimensions 75X134
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByBill SwansonListing Agent
O'connor Realty Detroit, LlcBroker
bill@oconnordetroit.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $249,846
Percent of Sale Price 77%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/26/2026 | $1,100,000 | | Listed Price |