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1 Thyssen Park

Off-Market

1 Thyssen Park, Detroit, MI 48210

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 590,652 SF
  • Lot Size 21.78 Acre
  • Parking Spaces Avail. 289
  • Parking Ratio 0.49 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 1992

Location

  • Walk Score ® Car-Dependent (13)
  • Transit Score ® Some Transit (46)
  • Bike Score ® Somewhat Bikeable (49)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Tireman
  • Zip Code 48210
  • Market Detroit

Points of Interest

Checker Cab #977

3.02 miles

Ferry Street

3.15 miles

Detroit

3.17 miles

Warren Avenue

3.17 miles

Baltimore Street

3.21 miles

Canfield Street

3.23 miles

Martin Luther King Junior Boulevard

3.34 miles

Mack Avenue

3.35 miles

Sproat Street

3.49 miles

Adelaide Street

3.53 miles

Valero

1.75 miles

Wayne State University - Lot #50

2.57 miles

Marathon

2.75 miles

Wayne State University - Parking Structure #5

2.75 miles

Bedrock QLDC 1

2.89 miles

Bedrock QLDC 2

2.92 miles

Wayne State University - Parking Structure #6

3.11 miles

Wayne State University - Parking Structure #8

3.15 miles

Bedrock Kahn Garage

3.57 miles

Bedrock John R 1

3.58 miles

HAP Lot B

2.66 miles

Beethoven Lot

2.83 miles

CCS Woodward Lot

3.17 miles

WSU Lot 12

3.21 miles

Karmanos Valet Lot

3.41 miles

Federal Parking Lot 2

3.64 miles

Downtown Garage

3.82 miles

GM Lot

4.58 miles

Wyandotte Parking Lot 11

9.59 miles

Wyandotte Parking Lot 2

9.66 miles

Duly's Place Coney Island

1.92 miles

PizzaPlex

1.96 miles

White Castle

2.62 miles

Bucharest Grill

3.29 miles

Chili Mustard Onions

3.61 miles

Leila

3.76 miles

Dime Store

3.88 miles

Brome Modern Eatery

3.88 miles

Sausage House

3.91 miles

Detroit Made Market

3.96 miles

Lance's Hometown Supermarket

2.15 miles

Dearborn Fresh Supermarket

3.00 miles

Royal Plaza

3.06 miles

Grand Price Supermarket

3.74 miles

Target

4.01 miles

Burlington

4.22 miles

The Shops at Woodward Place

4.89 miles

Macy's

5.30 miles

JCPenney

5.35 miles

Fairlane Town Center

5.40 miles

Detroit Police Training Academy

1.77 miles

Rite Health Farmacía

1.91 miles

Clínica Médica Familiar

1.93 miles

Physical Therapy Clinic

2.38 miles

Andy's Pharmacy

2.42 miles

Russell's Pharmacy

3.07 miles

Detroit Engine No. 5

3.07 miles

WSU Police Department

3.09 miles

Engine Number 29 Fire Station

3.30 miles

Detroit Behavioral Institute

3.49 miles

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

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 Detroit Office Market

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

  • 2021 Avg. Asking Rent $26.33
  • 2021 Office Vacancy Rate 10.13%
  • 2021 Office Completions (SF) 110,000
View more Detroit market trends

Tax

  • Base Tax $512,529
  • Current Tax $342,977
  • Market Value* $11,858,400
  • Assessed Value $11,858,400

Find more tax info, including assessment history and abatements, on CommercialEdge

*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.

Frequently Asked Questions

What is the total square footage of 1 Thyssen Park?

1 Thyssen Park totals 590,652 square feet.

When was this property built?

1 Thyssen Park was built in 1992.

What is the market value for 1 Thyssen Park?

The market value* for 1 Thyssen Park in 2021 was $11,858,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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