2987 Franklin Street Detroit MI 48207 MLS #20261005523

2987 Franklin Street
Detroit, MI, 48207
$1,250,000
Beds
0 Baths
6,677 SqFt
0.1 Acres
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MLS #20261005523 image #0
Welcome to this excellent commercial space in Rivertown, located right next to the nationally renowned Detroit Riverwalk and mere minutes from downtown Detroit, and the Eastern Market. Open to multiple uses, such as office, retail, creative, or light industrial, this space can be combined with additional adjacent spaces (see photo 21: Section 3 can be purchased solo for $950K or in combination with this unit (Sections 1, 2 + 4) for a discounted $1.99M and a whopping 12,000 sqft). Currently filled with a month to month lease. Purchase includes 2 parking spaces in the attached gated parking lot.

Property Details

Price:
$1,250,000
MLS #:
20261005523
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
FRANKLIN 2987 LOFTS CONDO
Neighborhood:
05053detwoodwardmcclellansomack
Listed Date:
Jan 27, 2026
Finished Sq Ft:
6,677
Total Sq Ft:
6,677
Year Built:
1943
Short Sale05053 – Det Woodward-mcclellan/so Mack05053detwoodwardmcclellansomackFranklin 2987 Lofts CondoDetroit

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Schools

School District:
Detroit

Interior

Exterior

Construction Materials
Brick
Security Features
Security Fence

Financial

Net Operating Income
$204,000
Taxes
$11,607

Map

Community

Market Summary

Current real estate data for Commercial in Detroit as of Feb 04, 2026
501
Commercial Listed
260
Avg DOM
146
Avg $ / SqFt
$553,994
Avg List Price

Property Summary

    Located in the FRANKLIN 2987 LOFTS CONDO subdivision, 2987 Franklin Street Detroit MI is a Commercial for sale in Detroit, MI, 48207. It is listed for $1,250,000 To schedule a showing of MLS#20261005523 at 2987 Franklin Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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disclosure
Courtesy of Good Company. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of Move in Michigan. Detailed information about real estate listings held by brokerage firms other than LoChirco Realty, LLC include the name of the listing broker. Neither the listing company nor LoChirco Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. . All rights reserved.
Rover IDX
2987 Franklin Street
Detroit, MI