MI > Wayne > Detroit > 1438 Franklin Street

$11,999,000

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  • MLS# 20240064175
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Portrait of Blake Bernard
Presented by Blake Bernard

269-267-2709

Traverse City-Randolph St.

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

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PRIME DOWNTOWN DETROIT LOCATION! EXCELLENT DEVELOPMENT OPPORTUNITY! Located in the heart of Detroit boasting views of the Detroit River and Riverwalk. Sale includes three parcels. Brick three story building currently used as restaurant/club/event center with spacious outdoor patio and event space. The first floor has a fully functioning kitchen and is currently used as the main restaurant with ample seating and bar. The second floor has a bar and can be used as a nightclub or private events/parties. Third floor currently breakfast/brunch bar. Liquor license is included. Patio lot and parking lot across the street included in sale. Seller willing separate parking lot.

Property Information

Status
Active 
Address
1438 Franklin Street 
City
Detroit 
Zip
48207 
Year Built
1924 
Listing Date
08/27/2024 
Architecture
3 Story 
County
Wayne 
Above Grade SqFt
14,260 
Possession
At Close 
Price/SqFt
841.44 

School Information

School District
Detroit 

Taxes

Summer Taxes
$7,997 
Winter Taxes
$966 

Features

Current Use
Restaurant/Club/Event Space 
Comm. Office Space
260 
Zoning
Commercial 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Licenses
Liquor 
Heating
Forced Air, Natural Gas 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240064175 Oct 24 2024 5:05PM $11,999,000 $15,000,000 76
20240064175 Active Aug 28 2024 12:36PM $15,000,000 76
20230054176 Withdrawn Active Apr 11 2024 9:36PM 281
20230054176 Sep 27 2023 1:05PM $32,000 $42,000 281
20230054176 Active Coming Soon Jul 6 2023 2:16AM 281
20230054176 Coming Soon Jul 5 2023 4:13PM $42,000 281
School Information
Local Business

Learn More About This Listing

Portrait of Blake Bernard
Presented by Blake Bernard

269-267-2709

Traverse City-Randolph St.

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MIRC Logo

Listing Courtesy of Abdoo Realty
(313) 571-3885
Office Address 17415 Mack Ave

1438 Franklin Street Detroit
Contact us
$11,999,000
For Sale • Acres: 0.12 • Zoning: Commercial