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1938 Franklin Street

Detroit, MI 48207
  • $3,950,000
  • STATUS: Active
  • ON SITE: 119 Days
  • ID#: 20240079430
UPDATED: 87 min ago
$3,950,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 28,078
    SQFT
  • $141
    $/SQFT
Type:
Commercial
Built:
1900
County:
Zoning:
Commercial
Lot Size Dimensions:
200x120

School Ratings & Info

School District:

Description

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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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-17T05:15:11.87.
www.prettyhomerealty.com/homes/156968829
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1938 Franklin Street Detroit, MI 48207

  • Price: $3,950,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 87 min ago
  • ID#: 20240079430
0
Beds
0
Baths
0
½ Baths
0.62
Acres
28,078
SQFT
$141
$/SQFT
1900
Built
Neighborhood:
Sub Of Lot 2 Witherell Farm (Plats)
County:
Wayne
Area:
Det Woodward-Mcclellan/So Mack
School District:
DETROIT
Property Description
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
Exterior Features

Architecture Level 2 Story Commercial Exterior Features Perimeter Fence Construction Materials Brick Exterior Features Fenced Lot Size Dimensions 200x120 Road Frontage Feet 200 Road Frontage Type Paved Roof Material Rubber Waterfront YN No

Interior Features

Building Area Source Plans Commercial Utilities Security Alarm Sq Ft Main 28078

Property Features

Assessment 0.00 Commercial Type Real Estate Only Existing Lease YN Yes Gross Scheduled Income 518503.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 354399.00 Operating Expense 166128.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 96 Possession Subject To Tenant Rights Postal City Detroit Protection Period 90 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 48390.9100 Tax Amount Winter 5921.7900 Title Standard (Private) Total Tax 54311.0000 Unparsed Address 1938 Franklin Street Water Source Public (Municipal) Year Remodeled 2010 Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via O'Connor Realty Detroit, LLC: (313) 963-9891 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-17T05:15:11.87.
 
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