Flexible Creative and Light Industrial Suite

2987 Franklin Street #2, Detroit, MI 48207

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For Sale

$950,000

Versatile suite with flexible office, retail, and light industrial use, plus gated parking for two vehicles.

Type:Commercial

HighLights

Year built 1943 commercial space in Rivertown with flexible office, retail, creative, or light industrial use.
Open to multiple uses and can be combined with adjacent spaces (Sections 1, 2 + 4) or purchased with this unit (Section 3).
Currently occupied with a month‑to‑month lease.
Purchase includes 2 parking spaces in the attached gated parking lot.
Combination purchase option includes 12,000 sqft for $1.99M.

We can help!

Contact an agent

Jay Taylor

Learn more

For Sale

$950,000

Versatile suite with flexible office, retail, and light industrial use, plus gated parking for two vehicles.

Type:Commercial

Added:: Oct 30, 2025
Days on Market:: 252
Last Refresh:: Jul 8 at 3:04 am

Property Features for 2987 Franklin Street #2

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1943

We can help!

Contact an agent

Jay Taylor

Listing office Good Company

Listing date Oct 30, 2025

Source Phgrealty

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

HighLights

Year built 1943 commercial space in Rivertown with flexible office, retail, creative, or light industrial use.
Open to multiple uses and can be combined with adjacent spaces (Sections 1, 2 + 4) or purchased with this unit (Section 3).
Currently occupied with a month‑to‑month lease.
Purchase includes 2 parking spaces in the attached gated parking lot.
Combination purchase option includes 12,000 sqft for $1.99M.

Overview

This flexible commercial suite is well-suited to a range of business uses, including office, retail, creative, and light industrial. The space is currently occupied under a month-to-month lease, providing an ongoing tenancy as of sale. The purchase also includes two parking spaces in an attached gated parking lot. The property can be configured independently or combined with adjacent spaces shown in the included photos.

Situated in Rivertown, the building is positioned right next to the Detroit Riverwalk, with downtown Detroit and Eastern Market located just minutes away. The proximity to these destinations supports a practical mix of customer-facing and workspace-oriented operations.

For buyers, this offering can fit users seeking a multi-purpose layout that can function as office, retail, or creative space with the flexibility to accommodate light industrial needs. For tenants, the month-to-month occupancy status may appeal to operators looking for continuity while they plan for timing and space planning. Additionally, the ability to purchase adjacent sections offers a straightforward path to expand if future requirements increase.

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

Suggested Use

Similar Places Nearby

Sassy J’s Cuisine & Desserts — 2201 Prince Hall Dr, Detroit, MI 48207
3242 E. Jefferson Ave. Detroit, MI 48207 — 3242 E Jefferson Ave, Detroit, MI 48207
Millenium Catering — 227 Iron St #133, Detroit, MI 48207
Detroit's Original Seafood Truck — 2670 atwater st, detroit, mi 48207

Location Insight

Map
Local Demand

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

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For sale
Flex space
MI
Detroit
48207
2987 Franklin Street #2

What type of property is this?

Flex space - Versatile suite with flexible office, retail, and light industrial use, plus gated parking for two vehicles.

Where is this flex space located?

The property is located at 2987 Franklin Street #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: Year built 1943 commercial space in Rivertown with flexible office, retail, creative, or light industrial use.; Open to multiple uses and can be combined with adjacent spaces (Sections 1, 2 + 4) or purchased with this unit (Section 3).; Currently occupied with a month‑to‑month lease.