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11171 Lappin Street

Off-Market

11171 Lappin Street, Detroit, MI 48234

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 54,692 Sqft
  • Lot Size 2.55 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1953

Location

  • City Detroit, MI
  • Neighborhood Mt. Olivet
  • Zip Code 48234
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 22 Sep, 2015
  • Purchase Price $245,000
  • Arm's Length
  • 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.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (Sqft) 63,500
View more Detroit market trends

Tax

  • Property Tax in 2018 $15,695
  • Market Value $411,800
  • Assessed Value $411,800

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

Frequently Asked Questions

What is the total square footage of 11171 Lappin Street?

11171 Lappin Street totals 54,692 square feet.

When was this property built?

11171 Lappin Street was built in 1953.

When was 11171 Lappin Street last sold?

11171 Lappin Street was last sold on 22 Sep, 2015.

What was the last purchase price for 11171 Lappin Street?

11171 Lappin Street was last sold for $245,000.

What is the property tax for 11171 Lappin Street?

The property tax for 11171 Lappin Street in 2018 was $15,695.

What is the market value for 11171 Lappin Street?

The market value for 11171 Lappin Street in 2018 was $411,800.

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