55 W Canfield Street #104
Detroit, MI 48201
Condominium · MLS # 20261087889 · Listing courtesy of Crain Homes
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!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $310,000, or $302 per square foot, 325% above the city median, and has been on the market 15 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,444 a year. A buyer who lives here would pay about $574 to $10,048 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 8:37 PM.