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:
RealEstateOnly
Subdivision:
FRANKLIN 2987 LOFTS CONDO
Neighborhood:
area05053detwoodwardmcclellansomack
Listed Date:
Jan 27, 2026
Finished Sq Ft:
6,677
Total Sq Ft:
6,677
Year Built:
1943
Short SaleArea05053detwoodwardmcclellansomackArea05053detwoodwardmcclellansomackFranklin 2987 Lofts CondoDetroit

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Schools

School District:
Detroit

Interior

Above Grade Finished Area
6677

Exterior

Construction Materials
Brick
Fencing
Fenced, Perimeter
Security Features
Security Fence

Financial

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

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Commercial in Detroit as of May 06, 2026
548
Commercial Listed
283
Avg DOM
141
Avg $ / SqFt
$555,804
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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