Michelle and Chris Gerard. listing photos via Estately"> clock menu more-arrow no yes mobile

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Enormous 6th Street Loft Wants a Whopping $1.4 Million

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Cover photo by <a href="http://www.michelleandchrisgerard.com/"> Michelle and Chris Gerard.</a><span class="credit"> listing photos via <a href="http://www.estately.com/listings/info/1535-6th-st#"> Estately</a></span>
Cover photo by Michelle and Chris Gerard. listing photos via Estately

These days, Detroit condo sales remind us a little of Dr. Evil's ransom demands, in that many are hitting one millllllion dollars. This unit, a 4-bedroom, 2.5-bath, 6000-square-foot loft built in 1919, offers so many insane amenities that we're wondering if the place might be an actual Bond villain lair: The unit has a master suite that's 1100 square feet all by itself, complete with kitchenette, Korean wetbath, living room and home office. Be warned, though—the place comes with tenants. The unit's junior suite, a 700 square-foot space with its own living room is occupied by Playground Detroit. The current owner also rents out another bedroom via Airbnb and the listing claims this makes $30k a year.

Located in a building that once housed the Westinghouse Appliance Factory, the third floor unit still has the original factory hardwood floors. The loft has a dozen 10'x 9' windows, and boasts panoramic city views. The unit comes with two assigned parking spaces, an elevator and a $415 HOA fee.

We started covering this building extensively in 2013 when its penthouse (aka the Sky Loft) was up for sale. That unit, also 6000 square feet, had a long, twisting path to sale. It was extensively renovated and is gorgeous—with warm, wooden beamed ceilings and incredible views—and sold in August 2014 for $495K. The market has changed in the last year, but we don't think it's changed quite that much. Even with this unit's income potential, $1.4 million is an awful lot of money. Unless, of course, you spent four years in evil medical school and have the scratch and lifestyle to justify it.

·1535 6th St. Unit 5 [Estately]
·Finally! The Epic Journey to Sell Corktown's 6,000 SF Sky Loft [Curbed Detroit]
·Dr Evil Asks $1 Million [YouTube]