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1938 Franklin Street Detroit, MI $ 3,950,000
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$ 3,950,000 Get more info
1938 Franklin Street
$ 3,950,000
Back to search
Share Save

1938 Franklin Street

Detroit, MI, 48207
$ 3,950,000
Bedrooms-- Baths-- Sq 28,078

Monthly Estimate*

$ 24,321

1938 Franklin Street, Detroit, MI 48207 - Image 1
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Commercial Property for sale in Detroit, MI

for $3,950,000. This 28,078 square foot building was built on a lot size of 0.62.

The newly renovated Elevator Building offers creative workspace in the heart of Detroit's East Riverfront. The building hosts a community of creative professionals working in media, architecture, fashion, wellness, community services, and other fields. The spaces offer a modern reboot of Detroit's industrial past, featuring ample light, high ceilings, and exposed brick and beams. Capital improvements include new roof systems, energy-efficient windows, new HVAC units, and renovated bathrooms. Amenities have also been added, including a conference room, kitchenette, bike storage, high-speed wifi and a private shower room. Tenants take advantage of the building's direct proximity to the award-winning Riverwalk and the Dequindre Cut to access downtown, Eastern Market and Lafayette Park by foot, bike or scooter. Wednesday October 30th from Noon - 2:00 PM

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Commercial Active

Price

$ 3,950,000

Property Type

Commercial

Taxes

$ 54,312

Style

Commercial/Industrial

Lot Size

0.62

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60348667
Features
General
Possession Subject To Tenant Rights
Roof Rubber
Water Public Water
Status Active Active
Year Built 19
Subdivision SUB OF LOT 2 WITHERELL FARM (PLATS) MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features Fence
Area Detroit (82001)
Primary City Detroit
Directions In Detroit's Riverfront & adjacent to the Dequindre cut greenway
City Detroit
Financial Terms Cash Conventional
Legal Description S FRANKLIN W 19.09 FT ON N BG W 16.86 FT ON S LINE 13 LOTS 14 THRU 16 SUB OF LOT 2 WITHERELL FARM L1 P37 PLATS W C R 9/3 13&14 SUB OF LOT 1 WITHERELL FARM L1 P76 PLATS W C R 9/6 26
DOM 402
Postal Code 48207
Price Per Sq Ft Total AG 140.68
Public Remarks The newly renovated Elevator Building offers creative workspace in the heart of Detroit's East Riverfront. The building hosts a community of creative professionals working in media architecture
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Exterior
Exterior Brick
Frontage 200
Lot Size Area 0.62
Lot Dimensions 200x120
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

vincent@oconnordetroit.com

Email

Affordability Calculator

$28,847
Per Month
84%
16%
0%
Monthly Principal & Interest
$24,321
Monthly Property Taxes
$4,526
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/21/2024$3,950,000 Listed Price

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1938 Franklin Street, Detroit, MI, 48207 is a Commercial Property for sale at $3,950,000 with 28,078 sqft and a lot size of 0.62. The property's zip code is 48207 which is in Detroit, MI

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