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1232 Wilbur Street

Off-Market

1232 Wilbur Street, Detroit, MI 48202

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 81,176 SF
  • Lot Size 3.59 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1905

Location

  • Walk Score ® Very Walkable (84)
  • Transit Score ® Good Transit (55)
  • Bike Score ® Very Bikeable (81)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Rosa Parks
  • Zip Code 48202
  • Market Detroit

Points of Interest

Baltimore Street

0.61 miles

Amsterdam Street

0.61 miles

Ferry Street

0.78 miles

Warren Avenue

0.98 miles

Canfield Street

1.32 miles

Checker Cab #977

1.69 miles

Mack Avenue

1.70 miles

Sproat Street

2.08 miles

Montcalm Street

2.29 miles

Times Square

2.60 miles

Wayne State University - Parking Structure #5

0.59 miles

Wayne State University - Lot #50

0.79 miles

Wayne State University - Parking Structure #6

0.95 miles

Wayne State University - Parking Structure #8

1.19 miles

Bedrock John R 1

2.07 miles

Bedrock QLDC 2

2.70 miles

Bedrock Kahn Garage

2.84 miles

Marathon

3.11 miles

Beaubien Place Garage

3.29 miles

Citgo

3.40 miles

CCS Woodward Lot

0.57 miles

Lot 13

0.57 miles

4730 Cass

1.09 miles

MOCAD Lot

1.28 miles

Eastern Market Lot #8

2.22 miles

Two James Spirits Parking

2.29 miles

ODM Lot G

2.46 miles

Financial District Garage

2.85 miles

Hollywood Casino at Greektown Parking

2.87 miles

Student / Vistor Parking Lot D

4.33 miles

Legends Grill

1.08 miles

Le Petit Zinc

2.80 miles

Detroit Made Market

3.13 miles

El Caporal

3.54 miles

Wendy's

3.60 miles

Poohs Perfect Potato

3.98 miles

Subway

4.54 miles

Subway

5.42 miles

Church's Chicken

5.63 miles

Kwong Tung Inn

5.77 miles

Food Pride Super Market

1.28 miles

Dollar General

1.82 miles

Algo Especial Super Market

2.67 miles

Garden Fresh Marketplace

3.17 miles

Amori's Marketplace

3.32 miles

The Shops at Woodward Place

3.34 miles

Royal Plaza

5.29 miles

Forman Mills

5.64 miles

Marshalls

5.93 miles

Target

6.48 miles

Henry Ford Hospital

0.29 miles

William Clay Ford Center for Athletic Medicine

0.36 miles

CVS Pharmacy

0.41 miles

WSU Police Department

0.55 miles

Physical Therapy Clinic

0.99 miles

Knight Drugs

1.23 miles

John D. Dingell VA Medical Center

1.31 miles

Kresge Eye Institute

1.34 miles

Detroit Engine No. 5

1.41 miles

Detroit Medical Center

1.56 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.

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

Tax

  • Base Tax $52,513
  • Current Tax $17,321
  • Market Value* $1,215,000
  • Assessed Value $1,215,000

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 1232 Wilbur Street?

1232 Wilbur Street totals 81,176 square feet.

When was this property built?

1232 Wilbur Street was built in 1905.

What is the market value for 1232 Wilbur Street?

The market value* for 1232 Wilbur Street in 2021 was $1,215,000.
*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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