3250 Franklin

For Sale$3,950,000

3250 Franklin, Detroit, MI 48207

  • Office

3250 Franklin, Detroit, MI 48207 - Office Space

3250 Franklin is located at 3250 Franklin in the Lower East Central neighborhood, MI, Detroit, 48207. The Office building was completed in 1982 and features a total of 29,520 Sqft.

There are 31 office spaces for lease in the Lower East Central neighborhood, totaling 458,244 Sqft of available office space. The office space availability for the 48207 zip code is 477,880 Sqft, in 53 office spaces. The average asking office rent per sq. ft. in Lower East Central is $16.38/sqft/year.

In Lower East Central, there are 2 class A office buildings, there are 6 class B office buildings, there are 2 class C office buildings. In 1982, the same year 3250 Franklin was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Detroit, featuring 496,208 square feet of commercial space. At zip code level, there are 44 commercial properties, of which 13 are office buildings over 50,000 square feet.

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Details

  • Price $3,950,000
  • City Detroit
  • Neighborhood Lower East Central
  • Zip Code 48207
  • Property Type Office
  • Property Size 29,520 Sqft
  • Lot Size 1.3 Acre
  • Year Built 1982
  • Date Updated 11 Feb, 2021

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 3250 Franklin?

3250 Franklin totals 29,520 square feet.

When was this property built?

3250 Franklin was built in 1982.

Lower East Central Demographics

The average household income in zip code 48207 is $47,112, from a total of 11,554 households. In terms of employment, there are 89.24 % white-collar and 10.76 % blue-collar jobs in zip code 48207.

Population

  • Total Population20,809
  • Male Population(43.6 %) 9,070
  • Female Population(56.4 %) 11,739
  • Median Age43.30

Income/Financial

  • Average Household Income$47,112
  • Median Household Income$30,908
  • Median Income Under 25$17,218
  • Median Income 25-44$38,102
  • Median Income 45-64$29,707
  • Median Income Over 65$28,328

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