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15303 Commerce Drive South

Off-Market

15303 Commerce Drive South, Dearborn, MI 48120

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  • Property Type Office - Flex - Office
  • Property Size 57,594 Sqft
  • Lot Size 5.82 Acre
  • Parking Spaces Avail. 109
  • Parking Ratio 1.90/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1986

Location

  • City Dearborn, MI
  • Neighborhood Springwells - East Townhouse
  • Zip Code 48120
  • Market Detroit

Contacts

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Owner

  • True 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 30 Jan, 2008
  • Purchase Price $5,531,188
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Dearborn

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 Dearborn Office Market

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

  • 2020 Avg. Asking Rent $16.92
  • 2020 Office Vacancy Rate 25.80 %
  • 2020 Office Completions (Sqft)
View more Dearborn market trends

Tax

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Frequently Asked Questions

What is the total square footage of 15303 Commerce Drive South?

15303 Commerce Drive South totals 57,594 square feet.

When was this property built?

15303 Commerce Drive South was built in 1986.

When was 15303 Commerce Drive South last sold?

15303 Commerce Drive South was last sold on 30 Jan, 2008.

What was the last purchase price for 15303 Commerce Drive South?

15303 Commerce Drive South was last sold for $5,531,188.

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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.