Commercial Real Estate Services

www.friedmanrealestate.com 248.324.2000

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For Sale or Lease

The Elevator Building

1938 Franklin Street
Detroit, Michigan 48207

Available Spaces

  • +
  • Suite 207
  • 750 SF
  • Available Immediately
Annual Rental Rate: 17.5 PSF
For Sale or Lease

The Elevator Building

1938 Franklin Street
Detroit, Michigan 48207

- Property Information

eCODE 140
County: Wayne
Property Type: Office
Class: B
Total Building SF: ± 28,078 SF
Available Building SF: ± 750 SF
Occupancy Rate: 97%
Rental Rate (annually): $17.50 PSF Modified Gross
Sale Price: $2,600,000
Sale Price Per SF: $92.60

- Property Details

Occupancy Type: Multi Tenant
Year Built: 1900
Year Renovated: 2010
# Acres: .62
Zoning: Office
Parcel ID: 09-0000312
Parking Type: Surface
# Spaces: 21

- Additional Information

  • Fully renovated riverfront building on the Dequindre Cut
  • 28,078 SF
  • Located in the East Riverfront District Redevelopment Plan
  • Existing tax abatement in place
  • “Value add” in renewal of leases at market rents
  • Surface lot included

 

- For more information, contact:

Peter Jankowski

248.324.2000 Request a call
Suite Number Size Rental Rate Availability
207 750 SF $17.5 PSF Immediate