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1.877.808.7007

1438 FRANKLIN $8,900,000

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    1438 FRANKLIN Detroit, MI 48207

    • 44,649 sq.ft.
    • 0.12 Acres
    • Commercial
    MLS# 219053354 | Active
    Days On Market: 10 1 Views
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    Property Details

    LOCATION, LOCATION, LOCATION!!! Three story restaurant/club/event center in the heart of Detroit with views of the Detroit River and Riverwalk. During the summer months, enjoy the outdoor patio with the Renaissance Center as a backdrop. The first floor has a fully functioning kitchen and is currently used as the main restaurant with ample seating and bar. The second and third floors also contain a bar and can be used as a nightclub or private events/parties. Liquor license is included with this awesome opportunity!! HIGHLY MOTIVATED SELLER WILLING TO CONSIDER ALL OFFERS! Can be purchased as a package with two vacant lots for $20,000,000 - MLS #219054074 and MLS #219054090.

    • General Features
      • Short Sale No
      • Zoning Commercial
    • Building Features
      • Architecture Level 3 Story
      • Construction Materials Brick
      • Foundation Details Slab
      • Heating Forced Air
      • Heating Fuel Natural Gas
      • Sewer Sewer at Street
    • Property Features
      • Commercial Type Commercial
      • Encroachment No
      • Water Source Municipal Water
      • Waterfront No
    • Schools
      • School District Detroit

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    Neighborhood

    48207 (Detroit) Demographics

    41Median Age
    3,521Population Density (per sq. mile)
    35%College Educated
    $25,033 Estimated Median Income
    2,658Estimated Total Home Owners
    8,669Estimated Total Renters
    23% / 77%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    21,832Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $280,000 Median Sales Price
    11 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $8,900,000 -55.5%
        6/6/2019 2:44:00 PM New in Database Source New Value: $20,000,000

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        Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively 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. Copyright 2019 Realcomp II Ltd. Shareholders.