1401 Vermont Street

Off-Market

1401 Vermont Street, Detroit, MI 48216

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Creative Office
  • Property Size 28,402 SF
  • Lot Size 2.39 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1928

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 Date 06 Mar, 2019
  • 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.

  • 2022 Avg. Asking Rent $27.10
  • 2022 Office Vacancy Rate 25.71%
  • 2022 Office Completions (SF) 232,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable
  • Transit Score ®

    55/100 Good Transit
  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48216
  • Market Detroit

Points of Interest

  • West Riverfront

    0.92 miles

  • Michigan

    1.03 miles

  • Fort/Cass

    1.04 miles

  • Huntington Place

    1.08 miles

  • Times Square

    1.11 miles

  • Financial District

    1.25 miles

  • Grand Circus Park

    1.25 miles

  • Campus Martius

    1.28 miles

  • Checker Cab #977

    1.31 miles

  • Congress Street

    1.32 miles

  • Bedrock QLDC 2

    0.08 miles

  • Bedrock QLDC 1

    0.10 miles

  • Bedrock Corktown

    0.28 miles

  • Marathon

    0.40 miles

  • Marathon

    0.44 miles

  • Mobil

    0.61 miles

  • Ammex

    0.71 miles

  • Bedrock Kahn Garage

    0.82 miles

  • Citgo

    0.97 miles

  • Marathon

    0.98 miles

  • WCCC Lot

    0.37 miles

  • Comerica Ford Field Parking

    0.41 miles

  • Truck Parking

    0.50 miles

  • Tasting Room Parking

    0.51 miles

  • Howard Lot B

    0.54 miles

  • Howard Lot A

    0.56 miles

  • Two James Spirits Parking

    0.57 miles

  • Howard Lot C

    0.57 miles

  • IRS Detroit Computer Center Employee Garage

    0.70 miles

  • Detroit Public Safety Headquarters Parking Garage

    0.73 miles

  • Trumbell and Porter

    0.33 miles

  • Hostel Detroit

    0.71 miles

  • MGM Grand Detroit Hotel

    0.79 miles

  • Fort Shelby Hotel

    0.95 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.95 miles

  • Viking Motel

    0.99 miles

  • Crest Motel

    0.99 miles

  • Leland Hotel

    1.01 miles

  • Hotel Indigo Detroit Downtown

    1.11 miles

  • The Westin Book Cadillac Detroit

    1.14 miles

  • Red Dunn Kitchen

    0.34 miles

  • The Goblin

    0.37 miles

  • Folk

    0.38 miles

  • Le Petit Zinc

    0.39 miles

  • Subway

    0.40 miles

  • Mexican Village

    0.40 miles

  • Bucharest Grill

    0.41 miles

  • Lady of the House

    0.42 miles

  • Onassis Coney Island

    0.43 miles

  • Ima

    0.43 miles

  • Detroit Public Safety Academy

    0.18 miles

  • Escuela Avancemos

    0.42 miles

  • Most Holy Trinity School

    0.56 miles

  • Wayne County Community College Downtown Campus

    0.70 miles

  • Covenant House Academy Southwest

    0.82 miles

  • Cass Technical High School

    1.00 miles

  • Burton International Academy

    1.01 miles

  • Covenant House Academy

    1.14 miles

  • Earhart Elementary-Middle School

    1.16 miles

  • Western International High School

    1.16 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    1.19 miles

  • Midtown KinderCare

    1.83 miles

  • Matrix Headstart

    2.59 miles

  • Kingdom Care Learning Center

    2.90 miles

  • Henry Ford Kids Child Care Center

    3.33 miles

  • Angel Land Child & Parent Center

    3.54 miles

  • Sha-Sha's Kiddy Korner

    3.96 miles

  • Advanced Technology Academy Pre-K & Business Office

    4.93 miles

  • Matrix Head Start Infinity II

    5.34 miles

  • Sunnybrook Day Nursery

    6.36 miles

Frequently Asked Questions

What is the total square footage of 1401 Vermont Street?

1401 Vermont Street totals 28,402 square feet.

When was 1401 Vermont Street last sold?

1401 Vermont Street was last sold on 06 Mar, 2019.

What is the market value for 1401 Vermont Street?

The market value* for 1401 Vermont Street in 2022 was $737,000.
*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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