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: Sections 1, 2 + 4 can be purchased solo for $1.25M or in combination with this unit (Section 3) 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:
$950,000
MLS #:
20251050047
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
FRANKLIN 2987 LOFTS CONDO
Neighborhood:
05053detwoodwardmcclellansomack
Listed Date:
Oct 30, 2025
Finished Sq Ft:
5,605
Total Sq Ft:
20,000
Year Built:
1943
See this Listing
Schools
School District:
Detroit
Interior
Exterior
Construction Materials
Brick
Financial
Taxes
$8,701
Map
Community
- Address2987 Franklin Street #2 Detroit MI
- SubdivisionFRANKLIN 2987 LOFTS CONDO
- CityDetroit
- CountyWayne
- Zip Code48207
Market Summary
Current real estate data for Commercial in Detroit as of Nov 04, 2025
513
Commercial Listed
246
Avg DOM
154
Avg $ / SqFt
$616,539
Avg List Price
Property Summary
- Located in the FRANKLIN 2987 LOFTS CONDO subdivision, 2987 Franklin Street #2 Detroit MI is a Commercial for sale in Detroit, MI, 48207. It is listed for $950,000 To schedule a showing of MLS#20251050047 at 2987 Franklin Street #2 in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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