Sold
2987 FRANKLIN Street, 11, Detroit, MI 48207
Sold on 04/03/2025 for$199,000
MLS # 20240090768 (Realcomp)
1 bed1 bath710 sqftBuilt 1943
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Listing Description
ndustrial corner loft located in Detroit's East Rivertown neighborhood with large warehouse windows and desirable features like sleek, high end finishes, concrete floors, and tall ceiling. Housed in the historic Dongan Building and originally built in 1905 to manufacture military parts during World War II. The bright, open kitchen is finished with a subway tile backsplash; stainless appliances with built-in under-cabinet microwave; hand built open shelving; and a custom kitchen island with tons of storage. The industrial-chic bathroom features spacious walk-in shower, and in-unit laundry. Included in the building is gated parking spaces, along with fiber internet, keyless entry system, security cameras, and additional resident storage, and an NEZ cert through 2035. You will fall in love with Detroit's Rivertown District, near the city center and close to attractions like the Detroit Riverwalk, Belle Isle, Chene Park, Dequindre Cut, and Eastern market. Schedule your private tour today!
Source: SparkMLS
About this home
This 1-bedroom, 1-bath, 710 sq ft home built in 1943 sits in Near East Riverfront in Detroit.
Final sale price: $199,000 (about $280/sq ft).
Estimated annual property tax: $7,144, or about $595 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms1
Bathrooms1
Living Area710 sqft
Year Built1943
Stories1
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit City School District
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
Sale & Financing
Listed12/5/2024
Sold Date4/2/2025
Original Price$230,000
Terms AcceptedCash, Conventional
HOA
HOA Fee$225 / Monthly
IncludesLawn/Yard Care, Snow Removal, Trash
Source: SparkMLS
Tax Information
Annual Tax$7,976
Tax Year2025
State Equalized Value$111,300
Assessed Value$111,300
Parcel #11000072.011
Source: Public Records
Legal Description
N FRANKLIN UNIT NO 11 WAYNE COUNTY CONDO PLAN NO 1095 "FRANKLIN 2987 LOFTS CONDOMINIUM" RECORDED L54500 P897 DEEDS W C R 11/14 2.84%; 710 SQ FTSPLIT/COMBINED ON 10/05/2017 FROM 11000072-4, 11000075.;SPLIT/COMBINED ON 11/06/2018 FROM 11000072-5;
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jay Taylor
Good Company
Frequently Asked Questions about 2987 FRANKLIN Street, 11, Detroit, MI 48207
Which school district serves 2987 FRANKLIN Street, 11, Detroit, MI 48207?
Per MLS# 20240090768, 2987 FRANKLIN Street, 11, Detroit, MI 48207 is in the Detroit City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit City School District directly to confirm enrollment eligibility.
What financing options are available for 2987 FRANKLIN Street, 11, Detroit, MI 48207?
Per MLS# 20240090768, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 2987 FRANKLIN Street, 11, Detroit, MI 48207?
Per public tax records, annual property taxes for this property are $3,339. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 2987 FRANKLIN Street, 11, Detroit, MI 48207 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 2987 FRANKLIN Street, 11, Detroit, MI 48207 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 2987 FRANKLIN Street, 11, Detroit, MI 48207. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 2987 FRANKLIN Street, 11, Detroit, MI 48207?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$7,144
Monthly$595
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$2,111
Principal & interest$1,291
Property taxes$595
HOA$225
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
75 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2987 FRANKLIN Street, 11, Detroit, MI 48207
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Neighborhood
Near East Riverfront
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Community
Detroit
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County
Wayne County
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