Listed by Jay Taylor & Associates, Good Company
$950,000
2987 Franklin Street 2
Details
APN W11I000072S002
Property Type Office
Sub Type Traditional Office
Square Footage 5,605
NOI $183,600
Year Built 1943
Acreage 0.070
Office | 5,605 SqFt
Marketing 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: Sections 1, 2 + 4 can be purchased solo for $1.25M or in combination with this unit (Section 3) 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.
Listing Contacts
Listed by Jay Taylor & Associates, Good Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,600.00
$15,300.00/mo
Valuation Metrics
0
DSCR
19.33%
Cap Rate
19.33%
ROI
Map
Zoning
SD4 MixedMixed UseSpecial Development District And Riverfront Mixed Use
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View all 268 uses
View all 268 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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