• Wolverine Tower
  • Wolverine Tower
  • Wolverine Tower

Wolverine Tower

Off-Market

3003 South State Street, Ann Arbor, MI 48109

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 225,000 SF
  • Lot Size 13.66 Acre
  • Parking Spaces Avail. 787
  • Parking Ratio 3.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1973

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 16 Mar, 1993
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Ann Arbor

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Ann Arbor Office Market

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

  • 2021 Avg. Asking Rent $25.70
  • 2021 Office Vacancy Rate 14.04%
  • 2021 Office Completions (SF) 230,000

Ann Arbor Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $155.46
  • Y-o-Y Avg. PpSF Change -0.33%
  • 2021 Office Sales Volume $38.1M
  • 2021 Number of Transactions 6
View more Ann Arbor market trends

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Transit Score ®

    39/100 Some Transit

  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48109
  • Market Detroit

Points of Interest

  • Ann Arbor

    3.10 miles

  • Shell

    0.12 miles

  • Mobil

    0.21 miles

  • BP

    0.26 miles

  • Citgo

    0.60 miles

  • Costco Gasoline

    0.86 miles

  • Speedway

    0.98 miles

  • Shell

    1.20 miles

  • Circle K

    1.25 miles

  • Sunoco

    1.27 miles

  • Meijer

    1.46 miles

  • U-M Lot SC34

    0.36 miles

  • State Street Park and Ride

    0.41 miles

  • SC 43

    0.71 miles

  • Eisenhower Center Parking

    1.17 miles

  • Glick

    1.47 miles

  • U-M Lot SC7 (Crisler Center)

    1.48 miles

  • U-M Lot SC6 (Crisler Center)

    1.56 miles

  • Lot SC 16

    1.59 miles

  • U-M Lot SC5 (Crisler Center)

    1.65 miles

  • U-M Lot SC20 (Athletics Campus Grey Lot)

    1.72 miles

  • Hyatt Place

    0.17 miles

  • Sheraton Ann Arbor Hotel

    0.18 miles

  • Holiday Inn & Suites

    0.20 miles

  • Courtyard Marriott

    0.23 miles

  • Red Roof Inn

    0.28 miles

  • Comfort Inn & Suites

    0.28 miles

  • Extended Stay America

    0.30 miles

  • Hampton Inn Ann Arbor, South

    0.32 miles

  • Fairfield Inn Marriott

    0.32 miles

  • Kensington Court Hotel

    0.37 miles

  • Shawarma Shop

    0.11 miles

  • Buffalo Wild Wings

    0.11 miles

  • Wendy's

    0.14 miles

  • Romano's Macaroni Grill

    0.15 miles

  • Seoul Garden

    0.18 miles

  • Red Robin

    0.19 miles

  • Burger King

    0.21 miles

  • Max and Erma's

    0.24 miles

  • Olive Garden

    0.25 miles

  • Los Amigos

    0.27 miles

  • Preschool and Family Center

    0.34 miles

  • Central Academy

    0.59 miles

  • Daycroft Montessori School

    0.61 miles

  • Clonlara School

    0.82 miles

  • Pathways Campus

    0.88 miles

  • Pattengill Elementary School

    1.21 miles

  • Bryant Elementary School

    1.32 miles

  • Pioneer High School

    1.48 miles

  • Allen Elementary School

    1.51 miles

  • Lawton Elementary School

    1.54 miles

  • Little Lamb Nursery & Kindergarten

    1.41 miles

  • Towsley Chidren House

    2.10 miles

  • Annie's Children's Center

    2.16 miles

  • Gretchen's House

    2.28 miles

  • Gretchen's House

    2.44 miles

  • Kozy Heart Daycare Center

    2.58 miles

  • Green Apple Garden Upper Playschool

    2.94 miles

  • The Discovery Center

    2.96 miles

  • Explorer Child Care Learning Center

    3.00 miles

  • Stony Creek Preschool

    4.58 miles

Frequently Asked Questions

What is the total square footage of Wolverine Tower?

Wolverine Tower totals 225,000 square feet.

When was this property built?

Wolverine Tower was built in 1973.

When was Wolverine Tower last sold?

Wolverine Tower was last sold on 16 Mar, 1993.

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