The MJA CompanyNational Realty Centers (248) 780-8944
2987 Franklin Street #PH 14, Detroit, MI 482072987 Franklin Street #PH 14, Detroit, MI 48207 photo 22987 Franklin Street #PH 14, Detroit, MI 48207 photo 32987 Franklin Street #PH 14, Detroit, MI 48207 photo 42987 Franklin Street #PH 14, Detroit, MI 48207 photo 5
$1,885,000 For sale

2987 Franklin Street #PH 14

Detroit, MI 48207

4beds
4.5baths
4,860sqft
0acres
1943built
$388per sqft
7days listed

Condominium · MLS # 20261069933 · Listing courtesy of Crain Homes

About this home

There are few residences in Detroit that offer this combination of scale, privacy, architectural character, and outdoor living. Spanning nearly 5,000 square feet, with a 1,750 square foot rooftop terrace, this remarkable penthouse feels more like a private estate than a traditional condominium. With generous space for dining, entertaining, and quiet evenings overlooking the city, this home is truly one of Detroit's best kept secrets. The rooftop terrace, which offers a private dog park area, is one of Detroit’s most exceptional private outdoor spaces. Inside, expansive windows bring the city into nearly every room. Originally designed by renowned Detroit architect Steve Flum, the interior is layered with distinctive architectural details and craftsmanship. The kitchen and bar area, completed in 2022, pairs handcrafted cabinetry and illuminated vitrines with an exceptional kitchen island, premium appliances, and elegant finishes. Installed throughout the residence are functional steel art pieces by Detroit artist Logan Merry, including the floating steel staircase and bathroom shelving. You will also find restored cathedral doors, and a hand-carved wood-burning fireplace that create an atmosphere that is sophisticated, artistic, and deeply connected to the building’s character. The primary suite offers a sense of retreat with a freestanding copper soaking tub, mosaic glass steam shower, and expansive custom closets. Three additional ensuite bedrooms provide privacy and comfort for family or guests. Thoughtful amenities include elevator access, motorized window shades, an integrated sound system, two sets of laundry appliances, and two dedicated parking spaces in a secure gated lot. Set just two blocks from the Detroit RiverWalk and minutes from Belle Isle, the Detroit Yacht Club, downtown, sports arenas, restaurants, and Detroit’s cultural destinations, this is a rare opportunity to experience the city from an entirely different vantage point.

Interior

Bedrooms4
Full baths4
Half baths1
Living area4,860 sqft
BasementUnfinished
FireplaceGreat Room, Wood Burning
AppliancesBuilt In Gas Oven, Built In Refrigerator, Dishwasher, Disposal, Dryer, Free Standing Refrigerator, Gas Cooktop, Microwave, Vented Exhaust Fan, Washer, Wine Refrigerator
Interior featuresElevator, Entrance Foyer, High Speed Internet, Programmable Thermostat, Sound System, Wet Bar
LaundryIn Unit
LevelsBi Level

Systems and utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
Water heaterNatural Gas
WaterPublic
SewerPublic Sewer

Exterior and lot

StyleLoft, Split Level
Year built1943
Year remodeled2022
ConstructionBrick, Metal Siding
RoofRubber
FoundationBasement, Poured
Garage spaces0
ParkingAssigned2Spaces, Direct Access, Parking Lot, No Garage
Lot size0 acres
Patio and porchPatio
Exterior featuresBalcony, Permeable Paving

Taxes, HOA and more

Annual taxes$14,372
Summer taxes$12,317
Winter taxes$2,056
HOA fee$891 monthly
HOA includesMaintenance Grounds, Maintenance Structure, Sewer, Snow Removal
SubdivisionFRANKLIN 2987 LOFTS CONDO
MunicipalityDetroit
CountyWayne
PossessionNegotiable
Sale termsCash, Conventional
Special conditionsShort Sale No, Standard

Schools

School districtDetroit

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes and HOA when listed. Ask us for a lender quote.

Location

IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Sep 30, 2026, 8:40 PM.

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