MLS # 20240041446 (Realcomp)

Industrial two-bedroom corner loft located in Detroit's East Rivertown neighborhood with large warehouse windows and desirable original features like exposed brick walls, concrete floors, and tall ceiling with exposed original wood beams. Housed in the historic Dongan Building and originally built in 1905 to manufacture military parts during World War II. The moody blue kitchen is finished with a subway tile backsplash; black farmhouse sink; stainless appliances with built-in under-cabinet microwave; hand built open shelving; and a custom kitchen island with waterfall ceiling made from salvaged wood from old Detroit homes. The industrial-chic bathroom features a double vanity sink, marble-tiled walk-in shower, beautifully stenciled tile flooring, and a custom built-in storage wall. The second bedroom features a large glass and blackened steel rolling window wall created by a local metalwork artist. There are two gated parking spaces included, along with fiber internet, full-size laundry closet, tankless water heater, and NEZ approved until 2035. The building features a common rooftop area, keyless entry, security cameras, and additional resident storage.
Source: SparkMLS
Located in Near East Riverfront in Detroit, this property offers 2-bedroom, 1-bath, 870 sq ft, with original construction dating to 1905.
Final sale price: $324,900 (about $373/sq ft).
Property tax estimate: $7,587 per year ($632/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 1,200 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
HOA
Source: SparkMLS
Source: Public Records
Legal Description
S CHANDLER PARK DRIVE 92 AND W 10 FT OF VAC ALLEY ADJ MACK-SEVEN MILE SUB L55 P97 PLATS, W C R 21/900 50 X 132.27A
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James Tumey
O'Connor Realty Detroit, LLC
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
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Download
1.2 Gbps
Upload
75 Mbps
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2987 FRANKLIN Street, 7, 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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