Property Type Industrial - Warehouse/Distribution
Property Size 232,212 SF
Lot Size 8.26 Acre
Parking Spaces Avail. 69
Parking Ratio 0.30/ 1,000 SF
Property Tenancy Owner Occupied
Building Class B
Year Built 1929

Location

Map
Street

City Detroit, MI
Neighborhood Butzel - Indian Village
Zip Code 48207
Market Detroit

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 07 Jul, 1986
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Detroit

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Detroit Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $28.65
2020 Office Vacancy Rate 16.80%
2020 Office Completions (SF) 63,500

Tax

Base Tax $145,636
Current Tax $52,033
Market Value* $3,369,600
Assessed Value $3,369,600

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.