1938 Franklin ST Detroit MI 48207 MLS #20240079430

1938 Franklin ST
Detroit, MI, 48207
$3,950,000
Beds
0 Baths
28,078 SqFt
0.62 Acres
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The newly renovated Elevator Building offers creative workspace in the heart of Detroit’s East Riverfront. The building hosts a community of creative professionals working in media, architecture, fashion, wellness, community services, and other fields. The spaces offer a modern reboot of Detroit’s industrial past, featuring ample light, high ceilings, and exposed brick and beams. Capital improvements include new roof systems, energy-efficient windows, new HVAC units, and renovated bathrooms. Amenities have also been added, including a conference room, kitchenette, bike storage, high-speed wifi and a private shower room. Tenants take advantage of the building’s direct proximity to the award-winning Riverwalk and the Dequindre Cut to access downtown, Eastern Market and Lafayette Park by foot, bike or scooter. Wednesday October 30th from Noon – 2:00 PM

Property Details

Price:
$3,950,000
MLS #:
20240079430
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
SUB OF LOT 2 WITHERELL FARM PLATS
Neighborhood:
05053 – Det Woodward-Mcclellan/So Mack
Listed Date:
Oct 20, 2024
Finished Sq Ft:
28,078
Total Sq Ft:
28,078
Lot Size:
27,007 sqft / 0.62 acres (approx)
Year Built:
1900
Short Sale05053 – Det Woodward-mcclellan/so Mack05053 – Det Woodward-mcclellan/so MackSub Of Lot 2 Witherell Farm PlatsDetroit

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Schools

School District:
Detroit

Interior

Exterior

Construction Materials
Brick
Roof
Rubber
Security Features
Building Security, Fire Alarm, Security Fence, Security System

Financial

Net Operating Income
$354,399
Taxes
$54,311

Map

Community

Market Summary

Current real estate data for Commercial in Detroit as of Nov 04, 2025
513
Commercial Listed
245
Avg DOM
154
Avg $ / SqFt
$615,992
Avg List Price

Property Summary

    Located in the SUB OF LOT 2 WITHERELL FARM (PLATS) subdivision, 1938 Franklin ST Detroit MI is a Commercial for sale in Detroit, MI, 48207. It is listed for $3,950,000 To schedule a showing of MLS#20240079430 at 1938 Franklin ST in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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disclosure
Courtesy of O’Connor Realty Detroit, LLC. 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 2025. . All rights reserved.
Rover IDX
1938 Franklin ST
Detroit, MI