Technical
Financial
Distress signals
Property profile

3250 Franklin St Detroit, MI 48207

OFF-MARKET
Commercial real estate
Property ID
US43-2709938
0.75 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a former broadcasting center, ideally suited for a variety of telecom or data center uses. Located at 3250 Franklin Street in Detroit, Michigan, 48207, this property boasts 30,000 square feet of space spread across two buildings. The asking price is $3,600,000, translating to $120 per square foot. Originally a radio station, the property has been extensively redeveloped into a state-of-the-art facility, previously occupied by part of the nation's largest video and radio group, Radio One. The unique character of the building is preserved through exposed brick walls, ductwork, and halogen lighting, creating a high-energy work environment. High-tech finishes throughout complement the industrial aesthetic. The property's location in the historic Rivertown district of Detroit offers significant potential for future growth and development. This multi-tenant building presents a rare chance to acquire a well-maintained, uniquely styled property in a prime Detroit location, perfect for a discerning investor seeking a high-return telecom or data center investment. The property's history as a broadcasting center provides a strong foundation for future success in the technology sector. This is a turnkey operation ready for immediate occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.75 ac (32,670 SF)
APN 13000053-9
UPID US43-2709938

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service
  • Security Service

Location

3250 Franklin St Detroit, MI 48207-4219
Detroit metro Census 516500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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