Rivertown Commercial Space Near
For Sale
$950,000
2987 Franklin St 2, Detroit, MI 48207
Commercial space in Rivertown near Detroit Riverwalk and downtown.
Property Size5,605 SF
Lot Size0.07 Acres
Price / SF$79.17
Days on Market175
Property Features for 2987 Franklin St 2
General Information
Standard status
Active
Size
5,605 SF
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,701
Building Details
Building Size
5,605 SF
Year Built
1943
Listing Agency:
Good Company
Listed By:
Jay Taylor · License #6501394740
(313) 410-1149
Source:
Elliman
Added: Mar 12
Changed: Aug 22
Last Checked: Aug 14 at 6:03AM
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 minutes from downtown Detroit and the Eastern Market. The property is suitable for multiple uses, including office, retail, creative space, or light industrial purposes. The space is currently occupied with a month-to-month lease. The purchase includes two parking spaces in the attached gated parking lot. Additional adjacent spaces are available and can be combined with this unit. Sections 1, 2 + 4 can be purchased solo or in combination with this unit (Section 3) for a discounted price.
Key Highlights
- Prime location next to the Detroit Riverwalk and close to downtown Detroit and Eastern Market.
- Versatile commercial space suitable for office, retail, creative, or light industrial use.
- Opportunity to combine with adjacent spaces for a larger 12,000 sqft area (Sections 1, 2, and 4).
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space in Rivertown near Detroit Riverwalk and downtown.
Where is this mixed-use property located?
The property is located at 2987 Franklin St 2 Detroit, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location next to the Detroit Riverwalk and close to downtown Detroit and Eastern Market.; Versatile commercial space suitable for office, retail, creative, or light industrial use.; Opportunity to combine with adjacent spaces for a larger 12,000 sqft area (Sections 1, 2, and 4).
