Rivertown Commercial Space For
For Sale
$1,250,000
2987 Franklin St, Detroit, MI 48207
Commercial space near Detroit Riverwalk, suitable for various uses.
Property Size6,677 SF
Price / SF$104.17
Days on Market110
Property Features for 2987 Franklin St
General Information
Standard status
Active
Size
6,677 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,607
Building Details
Building Size
6,677 SF
Year Built
1943
Listing Agency:
Good Company
(313) 858-0325
Listed By:
Melissa Taylor · License #6501394740
(313) 858-0325
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 20 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Good Company
Investment Insights
Based on property information with market context.
This commercial space is located in Rivertown, adjacent to the Detroit Riverwalk and near downtown Detroit and the Eastern Market. The property is suitable for multiple uses, including office, retail, creative, or light industrial purposes. The space is currently occupied with a month-to-month lease. The purchase includes 2 parking spaces in the attached gated parking lot. Additional adjacent spaces are available and can be combined with this unit. The bike score is 70, indicating it is very bikeable. The walk score is 67, indicating it is somewhat walkable. The transit score is 47, indicating some transit options are available.
Key Highlights
- Prime location in Rivertown, adjacent to the Detroit Riverwalk and near Downtown Detroit and Eastern Market.
- Versatile commercial space suitable for office, retail, creative, or light industrial use.
- Opportunity to purchase additional adjacent spaces, up to 12,000 sqft total, at a discounted price.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Office in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space near Detroit Riverwalk, suitable for various uses.
Where is this mixed-use property located?
The property is located at 2987 Franklin St Detroit, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location in Rivertown, adjacent to the Detroit Riverwalk and near Downtown Detroit and Eastern Market.; Versatile commercial space suitable for office, retail, creative, or light industrial use.; Opportunity to purchase additional adjacent spaces, up to 12,000 sqft total, at a discounted price.
