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12640 Burt Road

Off-Market

12640 Burt Road, Detroit, MI 48223

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  • Property Type Industrial - Manufacturing
  • Property Size 312,300 Sqft
  • Lot Size 17.74 Acre
  • Parking Spaces Avail. 156
  • Parking Ratio 0.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1931

Location

  • City Detroit, MI
  • Neighborhood Brightmoor
  • Zip Code 48223
  • 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 07 Feb, 2013
  • Purchase Price $2,485,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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 $65,680
  • Market Value $1,723,200
  • Assessed Value $1,723,200

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

Frequently Asked Questions

What is the total square footage of 12640 Burt Road?

12640 Burt Road totals 312,300 square feet.

When was this property built?

12640 Burt Road was built in 1931.

When was 12640 Burt Road last sold?

12640 Burt Road was last sold on 07 Feb, 2013.

What was the last purchase price for 12640 Burt Road?

12640 Burt Road was last sold for $2,485,000.

What is the property tax for 12640 Burt Road?

The property tax for 12640 Burt Road in 2018 was $65,680.

What is the market value for 12640 Burt Road?

The market value for 12640 Burt Road in 2018 was $1,723,200.

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