Property Type Office - Medical Office
Property Size 52,980 SF
Lot Size 1.37 Acre
Parking Spaces Avail. 74
Parking Ratio 1.40/ 1,000 SF
Property Tenancy Owner Occupied
Building Class B
Year Built 1972

Location

Map
Street

City Detroit, MI
Neighborhood Greenfield
Zip Code 48235
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 Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Detroit

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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

Property Tax in 2018 $230,431
Market Value* $6,045,600
Assessed Value $6,045,600

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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.