$1,885,000 for Sale
2987 franklin street, detroit, MI 48207
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Property Description
A Private Urban Estate | A Rare Detroit Penthouse Some residences simply cannot be recreated. Occupying nearly 5,000 square feet across multiple levels, this extraordinary penthouse offers a lifestyle unlike anything else in Detroit. Set within a discreet historic building in Rivertown, it is designed for those who value privacy, architectural character, and exceptional entertaining over a conventional high-rise experience. Rather than shared amenities, it offers something increasingly rare—the feeling of owning a private urban estate. At the heart of the home is an extraordinary 1,750-square-foot private terrace—one of the largest private residential outdoor living spaces in the city. Perfect for entertaining, dining, or relaxing, it extends the living space in a way few urban residences can. On the opposite side of the home, dramatic floor-to-ceiling windows frame sweeping views of the Detroit skyline and city lights, filling the residence with natural light by day and a spectacular backdrop at night. The 2022 chef's kitchen features custom cabinetry, illuminated vitrines, a sculptural island, and premium finishes. A floating staircase by Detroit artist Logan Merry, restored cathedral doors, and a hand-carved marble wood-burning fireplace showcase the home's exceptional craftsmanship and individuality. The primary suite features a freestanding copper soaking tub, mosaic glass steam shower, and generous custom closets. Three additional ensuite bedrooms provide exceptional comfort and flexibility for family or guests. Two gated parking spaces. Just two blocks from Detroit's award-winning RiverWalk and minutes from downtown, Belle Isle, the Detroit Yacht Club, restaurants, sports venues, and cultural attractions. Created for the buyer who values privacy over publicity, character over convention, and extraordinary space over cookie-cutter luxury, this is one of Detroit's truly unique residences.
General Information
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: franklin 2987 lofts condo
Bedrooms:4
Bathrooms:5 (4 full, 1 half)
House Size: 4,860 sq.ft.
Acreage:
Year Built: 1943
Property Type: Condo
Style: Loft,Split Level
Features & Room Sizes
Paved Road: Paved
Garage: No Garage
Garage Description: 2+ Assigned Spaces, Direct Access, Parking Lot
Construction: Brick,Metal Siding
Exterior: Brick, Metal Siding
Exterior Misc: Whole House Generator, Permeable Paving
Garage: No Garage
Garage Description: 2+ Assigned Spaces, Direct Access, Parking Lot
Construction: Brick,Metal Siding
Exterior: Brick, Metal Siding
Exterior Misc: Whole House Generator, Permeable Paving
Fireplaces: 1
Fireplace Description: Natural
Basement: Yes
Basement Description: Unfinished, Common
Foundation : Basement
Appliances: Vented Exhaust Fan, Built-In Gas Oven, Dishwasher, Dryer, Free-Standing Refrigerator, Gas Cooktop, Washer, Wine Refrigerator
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Fireplace Description: Natural
Basement: Yes
Basement Description: Unfinished, Common
Foundation : Basement
Appliances: Vented Exhaust Fan, Built-In Gas Oven, Dishwasher, Dryer, Free-Standing Refrigerator, Gas Cooktop, Washer, Wine Refrigerator
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $16,228
Est. Winter Taxes: $2,056
Est. Summer Taxes: $16,228
Est. Winter Taxes: $2,056
HOA fees: 1
HOA fees Period: Monthly
Legal Description: N FRANKLIN UNIT NO 14 WAYNE COUNTY CONDO PLAN NO 1095 "FRANKLIN 2987 LOFTS CONDOMINIUM" RECORDED L54500 P897 DEEDS W C R 11/14 5.81%; 1,451 SQ FT SPLIT/COMBINED ON 10/05/2017 FROM 11000072-4, 11000075.; SPLIT/COMBINED ON 11/06/2018 FROM 11000072-5;
HOA fees Period: Monthly
Legal Description: N FRANKLIN UNIT NO 14 WAYNE COUNTY CONDO PLAN NO 1095 "FRANKLIN 2987 LOFTS CONDOMINIUM" RECORDED L54500 P897 DEEDS W C R 11/14 5.81%; 1,451 SQ FT SPLIT/COMBINED ON 10/05/2017 FROM 11000072-4, 11000075.; SPLIT/COMBINED ON 11/06/2018 FROM 11000072-5;
Map
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IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders Listing By: Randall S Fogelman of O'Connor Realty Detroit, LLC, Phone: (313) 963-9891
248-245-3251
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Gjon Gjonaj
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248-245-3251 Office: 810-579-3333 |
This Single-Family Home located at 2987 franklin street, detroit MI, 48207 is currently for sale. This property is listed for $1,885,000.
2987 franklin street has 4 bedrooms, 5 bathrooms, and approximately 4,860 square feet.
This home is in the detroit school district and was built in 1943.
2987 franklin street is in detroit and in ZIP Code 48207 area.
If you have any question about this property or any others, please don't hesitate to contact me.





