A historic Minnesota bank that was converted into a one-of-a-kind home is for sale after undergoing a two-year transformation.
This unique property still retains the original exterior of the Park State Bank built in 1918. But the interior has been renovated and converted into an elegant family home with some of the bank’s signature features incorporated into the design.
Located in Duluth, the home is listed for $499,000.
Andrew Holperin and Jennifer Jackl, a Minnesota couple who spend most of their time renovating homes, took on this project in 2022 when residential property prices skyrocketed, according to The Minnesota Star Tribune.
Jackl told the Minnesota Star Tribune: ‘There was an immediate spark and vision.
A century-old bank building has been renovated into a home, preserving some of its original details
Andrew Holperin and Jennifer Jackl took on this project in 2022 when residential homes became too expensive.
When the bank showed up, it felt like fate. We looked at each other and said, “We can handle this.”
Connected to what used to be the bank’s lobby, the home features an open-concept kitchen and living room with emerald green walls and furnishings that match the space’s wood and marble features.
There are five bathrooms and one bedroom, a proportion digg.com Described as “a little bit off the beaten track,” in a converted bank house, these rooms have a modern feel, with navy, grey and white furnishings and walls.
The house still has a safe deposit box vault from the Park State Bank.
The main space of the house has emerald walls, hardwood floors, and a marble countertop.
Two wooden mezzanines, balcony-like spaces that overlook the lower floor, overlook the main area of the house.
Jackl told The Minnesota Star Tribune: “It felt like a lot of space was being wasted with the ceiling being so high. So we thought we should build out the loft areas to take advantage of more space.”
Outside, the 2,530-square-foot property features a spacious parking lot.
Although the building’s function has changed, some of the bank’s most notable original features remain.
A metal vault door opens to reveal an emerald-painted room with gold safe deposit boxes.
Park State Bank is one of Minnesota’s oldest family-owned banks.
The house remains as secure as a bank, with a bulletproof glass viewing window and concrete walls on the outside. The original 12-foot windows remain, just as Jackl envisioned.
During the renovation, the vaults were kept completely intact.
A metal vault door opens to reveal an emerald-painted room with gold safe deposit boxes.
The door closed against the wall, apparently removed from its original location, says “customer vault.”
The house has two wooden balcony areas that overlook the floor below.
The couple wanted to modernize the building without taking away too much of its integrity.
A white drinking fountain is also preserved on the shore.
The bank was in terrible condition when Holperin and Jackl bought it for $205,000. It has peeling paint and carpet glued over the original floors, according to The Minnesota Star Tribune.
The couple’s goal in undertaking this renovation project was to maintain the integrity of the bench: to find a way to modernize the space and make it habitable without taking away its character.
The property has ample parking and the exterior of the building has bulletproof glass.
The house has five elegant bathrooms with navy blue details.
Park State Bank is a community bank based in Minnesota, according to a bank official. website.
It is one of the oldest family banks in the state, according to Northern Business.
It was founded by the Lewis family in 1916, just two years before the Duluth location was built.
The house has an office and a library outside the mezzanines.
Despite having several bathrooms, the property only has one bedroom.
In 2015, the Duluth branch was criticized for “unsafe or unsound banking practices,” according to Pioneer Press.
The bank was having trouble paying off borrowers’ outstanding loans. At the time, 47 other Minnesota banks were facing similar problems and had to operate under consent orders.
Despite denying wrongdoing and instability, the bank was in a fragile situation. In 2010, it had a net loss of $680,000.
The foyer area was preserved and painted emerald to match the interior of the house.
Although the building’s function has changed, some of the bank’s original notable features remain.
In 2021, shortly before Holperin and Jackl purchased the Duluth property, Park State Bank merged with American Bank of the North and The Lake Bank, the report said. Mesabi’s Tribune.
David Saber, president and CEO of Park State Bank, told the Masabi Tribune: “While our name may change in some communities, our commitment to our customers, communities and employees will never waver.”
‘We remain the same local community bank our customers know and trust, now with a broader presence, a stronger team and an excellent line of services.’
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