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$1,250,000 for Sale

2987 franklin, detroit, MI 48207

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Property Description
Welcome to this excellent commercial space in Rivertown, located right next to the nationally renowned Detroit Riverwalk and mere minutes from downtown Detroit, and the Eastern Market. Open to multiple uses, such as office, retail, creative, or light industrial, this space can be combined with additional adjacent spaces (see photo 21: Section 3 can be purchased solo for $950K or in combination with this unit (Sections 1, 2 + 4) for a discounted $1.99M and a whopping 12,000 sqft). Currently filled with a month to month lease. Purchase includes 2 parking spaces in the attached gated parking lot.
General Information
Sale Price: $1,250,000
Price/SqFt: $187
Status: Active
MLS#: 196
City: detroit
Post Office: detroit
County: Wayne
Acres: 0.1
Lot Dim: 200x100
Size: 6,677 sq.ft.
Acreage: 0.1 est.
Year Built: 19
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes:  $10,392
Est. Winter Taxes:  $1,215


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jay Taylor of Good Company

This listing last updated: Tue, January 27, 2026 at 11:58:20 AM EST

MIRealSource Listing Data Last Updated On Saturday, April 4 2026 at 12:39am
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Listings presented by:
Jay Taylor
Good Company
Call: (313) 410-1149

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