2564 Michigan Avenue
Detroit, MI, 48216 $ 1,799,900
Bedrooms-- Baths-- Sq 4,966 Monthly Estimate*
$ 11,365
for $1,799,900. This 4,966 square foot building was built in 1905 on a lot size of 0.09.
An extraordinary mixed-use opportunity in the heart of Corktown. The iconic Blanco Building offers 3,230 SF of prime ground-floor commercial space paired with a 2,000+ SF curated penthouse residence above, currently home to The 1 Room Hotel—creating one of Detroit's most distinctive live-work investment opportunities. Thoughtfully restored to honor its historic character while meeting modern standards, the Blanco Building stands as a landmark of Corktown's resurgence. The commercial space provides an exceptional canvas for visionary retail, hospitality, gallery, wellness, office, or experiential concepts that complement the neighborhood's design-forward identity. Above the retail space is a refined 2,000 SQFT penthouse residence featuring three bedrooms, over 3,000 sq ft of indoor-outdoor living with a private rooftop terrace, designer finishes, and amenities including a wellness room, Four Seasons sunroom, private courtyard, and attached four-car garage—offering a rare owner-occupant opportunity or executive residence. The residence is currently home to The 1 Room Hotel, an intimate luxury boutique stay that attracts a built-in audience of discerning travelers. seeking premium, locally rooted experiences. The commercial space is ideally positioned to benefit from concierge partnerships, curated retail, elevated food and beverage concepts, or bespoke guest services. Located steps from Michigan Central, Detroit's acclaimed dining scene, cultural destinations, and the city's rapidly expanding innovation corridor, the property is minutes from downtown Detroit, the Detroit Riverwalk, Ralph C. Wilson Jr. Centennial Park, and the Southwest Greenway. Whether as a flagship business, investment, or live-work destination, the Blanco Building represents a truly rare opportunity in one of Detroit's most sought-after neighborhoods.
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FeaturesGeneralSewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession Negotiable
Roof Rubber
Garage Spaces 0.0
Security Features ExteriorVideoSurveillance SmokeDetectors
Construction Materials Brick
Year Built 1905
Electric CircuitBreakers
Levels Two
Property Subtype RealEstateOnly
Current Use Commercial MixedUse Office Retail
Business Type Commercial HotelMotel Mixed Retail
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name SUB OF PT OF STANTON FARM
Garage Y/N Y
Building Features Sidewalks
Status Active
Directions On northern side of Michigan Ave South of i-75 East of i-96 West of 14th St
City DetroitCity_Wayne
Disclosures ConformstoZoning NoRestrictions
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 13038.71
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 135264
Expected Active Date 2026-07-10
Legal Description N MICHIGAN 352 SUB OF PT OF STANTON FARM L1 P157 PLATS W C R 10/30 40 X 100
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ExteriorParking Features AlleyAccess Garage OnStreet
Water Source Public WateratStreet
Foundation Details Basement BrickMortar
Spa N
Building Area Total 4966.0
Lot Dimensions 40X100
Lot Size Acres 0.09
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4966.0
Above Grade Finished Area Unit Type SquareFeet
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $11,365
- Monthly Property Taxes
- $1,087
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbyCommerical listings in Detroit, MI
Average List Price $462,944
Percent of Sale Price 74%
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.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/11/2026 | $1,799,900 | | Listed Price |