2987 Franklin Street #PENTHOUSE
Detroit, Michigan 48207
4
Bed
4.5
Bath
4,860Sqft
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 residenc
Property Details
Map
Map
Features
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Bedroom Information
Total Bedrooms: 4Bathroom Information
Total Baths: 4.5 Full Baths: 4 Half Baths: 1 -
Room Information
Total Rooms: 11 Porches: Balcony,PatioInterior Features
Elevator/Lift,Entrance Foyer,High Spd Internet Avail,Programmable Thermostat,Sound System,Wet Bar Roof: Rubber Basement Description: Unfinished,Common Fireplace: Yes Appliances: Vented Exhaust Fan,Built-In Gas Oven,Dishwasher,Dryer,Free-Standing Refrigerator,Gas Cooktop,Washer,Wine Refrigerator -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural GasFireplace
Great RoomWater Heater
Natural Gas
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Building Information
Year Built: 1943 Building Stories: Bi-Level Fireplace: Great Room Roof: Rubber Foundation/Basement: Basement Architecture: Loft,Split Level -
Exterior Features
Whole House Generator,Permeable Paving Construction: Brick,Metal Siding -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal) Water Heat: Natural Gas
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Property Information
SQ ft: 4860 Subdivision: Franklin 2987 Lofts Condo Financing: Cash,Conventional,Warranty Deed
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Listing Price Information
Original List Price: $2,175,000 -
Listing Information
Possession: At Close 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;
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Tax Information
Annual Tax: $18,284 Parcel Number: W11I000072S014Terms/Deposits/Fees
Assoc Fee Freq: $Monthly -
Possession
At Close -
Legal Information
Legal Description: Section: 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;
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Parking Information
Garage Size: No Garage Garage Description: 2+ Assigned Spaces,Direct Access,Parking Lot -
Multi-Unit Information
Road Frontage: Paved
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School Information
School District: Detroit -
Fire Place Information
Fire Place: Yes Fire Place Location: Great Room Fire Place Type: Natural -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1300 E Lafayette Street.., Detroit, MI, 48207 | $699,900 | 3 | 4 | 2,579 | 2,579 SqFt |
| 250 E Harbortown Drive .., Detroit, MI, 48207 | $210,000 | 2 | 2 | 1,023 | 1,023 SqFt |
| 6533 E Jefferson Avenue.., Detroit, MI, 48207 | $135,000 | 1 | 1 | 959 | 959 SqFt |
| 2900 E Jefferson Avenue.., Detroit, MI, 48207 | $355,000 | 3 | 2.5 | 2,895 | 2,895 SqFt |
| 2031 Hyde Park Road , Detroit, MI, 48207 | $199,000 | 2 | 1.5 | 1,050 | 1,050 SqFt |
| 6533 E Jefferson Avenue.., Detroit, MI, 48207 | $150,000 | 1 | 2 | 1,127 | 1,127 SqFt |
| 6533 E Jefferson Avenue.., Detroit, MI, 48207 | $160,000 | 1 | 1 | 1,191 | 1,191 SqFt |
| 6533 E Jefferson #81 Av.., Detroit, MI, 48207 | $107,500 | 1 | 1 | 857 | 857 SqFt |
| 6533 E Jefferson Avenue.., Detroit, MI, 48207 | $79,900 | 1 | 1 | 757 | 757 SqFt |
| 6533 E Jefferson Avenue.., Detroit, MI, 48207 | $119,000 | 1 | 1 | 800 | 800 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 08/02/2026 @ 03:50
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