55 W Canfield ST # 104, Detroit, MI 48201
Est. $2,592/mo with current taxes · · See the breakdown
About this home
Originally occupied by the Graybar Electric Company from 1926 to the 1940s, this significant building was placed on the National Register of Historic Places in 1997, highlighting its importance in Detroit's architectural and industrial heritage. This loft highlights the buildings' oversized windows, exposed ductwork, brick walls, high ceilings, and Kahn inspired martini columns. Current owners created a 2nd bedroom which was perfect for med-school roommates. Wall is easily removed to return to an open loft concept. Newer kitchen island, in-unit laundry and patio are highlights most enjoyed by current owner. Abundent storage in unit and private closet in building. Secured building for deliveries. Walk to WSU, Midtown Social, Mad Nice, and Bikram Yoga. Close to so much more!
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $310,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 1,025 |
| Type | Condominium |
| Subdivision | — |
| County | Wayne |
| MLS # | 20261087889 |
| Listed | 2026-10-30 |
| Days on market | 1 |
| Year built | 1926 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Slab |
| Water / Sewer | City water & sewer |
| Parcel number | W23I002006S0622 |
| Listing office | Crain Homes |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $8,848 | about $155,000 |
| Yearly property tax | $1,444 | about $9,949 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $8,505 a year more than this seller pays. The assessor's state equalized value (SEV) is $134,300. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-31T09:44+00:00; refreshed at least twice daily.