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Rivertown Commercial Space For Sale

2987 Franklin St, Detroit, MI 48207

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For Sale

$1,250,000

Commercial space near Detroit Riverwalk, suitable for various uses.

Type:Commercial

Property size:

12,000 SF

Price / SF:

$104/SF

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.
Includes 2 parking spaces in an attached gated parking lot.
Currently has a month‑to‑month lease in place.
Very Bikeable location (Bike Score: 70).

We can help!

Listing Contact

Melissa Taylor

Learn more

For Sale

$1,250,000

Commercial space near Detroit Riverwalk, suitable for various uses.

Type:Commercial

Property size:

12,000 SF

Price / SF:

$104/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 3:35 pm

Property Features for 2987 Franklin St

General Information

Standard status: Active
Size: 12,000 SF
Property subtype: Commercial

Building Details

Year Built: 1943

We can help!

Listing Contact

Melissa Taylor

Listing agent Melissa Taylor License #6501394740

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Melissa Taylor

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.
Includes 2 parking spaces in an attached gated parking lot.
Currently has a month‑to‑month lease in place.
Very Bikeable location (Bike Score: 70).

Overview

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.

Location Intelligence

Current Use by Public Records

CAM Advertising Agency Yogini Taveras LLC Gym & Fitness Center CODE313, Inc. Charitable Organization Franklin Lofts Condominium Complex CODE313 Charitable Organization

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Location Insight

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Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.0173988
Latitude: 42.3390005

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For sale
Mixed-use properties
MI
Detroit
48207
2987 Franklin St

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.