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2564 Michigan Avenue, Detroit, Mi 48216

$1,799,900
  • 2564 Michigan Avenue, Detroit, Mi 48216 Main Photo

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(Short Sale) - Active
SQUARE FEET4,966 MLS#20261052408
STATUS(Short Sale) - Active PROPERTY TYPECommercial - Retail SUBDIVISIONS U B O F P T O F S T A N T O N F A R M SCHOOLDetroit

Property Description

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.

2564 Michigan Avenue | MLS# 20261052408

This commercial property located at 2564 Michigan Avenue, Detroit, Mi 48216 is currently listed for sale with an asking price of $1,799,900. Michigan Avenue is located within the Detroit school district. Search Detroit real estate on mikesmith.ikeyrealty.com today.

Property Features

Property Type: Commercial - Retail
Basement: Yes
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.09 Acres
Roof Type: Rubber
Stories: 2.0
Taxes: $13,038
Year Built: 1905

Feature Descriptions

Building Features: Sidewalks
Days on Site: 22
Exterior: Brick
Lot Dimensions: 40X100
Parcel#: W10I000264S
Parking: Alley Access, Garage, On Street
Parking Notes: Alley Access, Garage, On Street
Security: Exterior Video Surveillance, Smoke Detectors
Sewer: Public Sewer, Sewer At Street
Summer Tax: 10538.71
Water: Public, Waterat Street
Winter Tax: 2500

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Nika & Co
Agency Phone: 3138586580

Shown By

Agent Name: Mike Smith
Agent Phone: (586) 382-3167
Agency Title: Key Realty

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