1440 Gratiot Avenue

Off-Market

1440 Gratiot Avenue, Detroit, MI 48207

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 28,080 SF
  • Lot Size 0.11 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1922

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 28 Jun, 2018
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity 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.

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

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    64/100 Good Transit
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Lower East Central
  • Zip Code 48207
  • Market Detroit

Points of Interest

  • Greektown

    0.69 miles

  • Bricktown

    0.75 miles

  • Broadway

    0.79 miles

  • Montcalm Street

    0.80 miles

  • Adelaide Street

    0.82 miles

  • Grand Circus Park

    0.83 miles

  • Cadillac Center

    0.83 miles

  • Sproat Street

    0.85 miles

  • Campus Martius

    0.93 miles

  • Renaissance Center

    0.96 miles

  • BP

    0.50 miles

  • Exxon

    0.72 miles

  • Bedrock John R 1

    0.75 miles

  • Speedway

    0.79 miles

  • Mobil

    0.79 miles

  • Shell

    0.90 miles

  • Beaubien Place Garage

    1.03 miles

  • Marathon

    1.12 miles

  • Mobil

    1.26 miles

  • Marathon

    1.28 miles

  • Eastern Market parking garage

    0.30 miles

  • Ford Field Lot 6

    0.37 miles

  • Ford Field Parking Deck

    0.39 miles

  • Eastern Market Lot #8

    0.46 miles

  • Ford Field Lot 4

    0.47 miles

  • Prime Parking Lot 1

    0.50 miles

  • Hollywood Casino at Greektown Parking

    0.53 miles

  • Ford Field Lot 5

    0.53 miles

  • 1500 Beaubien Lot

    0.55 miles

  • 440 Madison

    0.58 miles

  • Hollywood Casino at Greektown

    0.57 miles

  • The Winder Street Inn

    0.64 miles

  • The Cochrane House

    0.66 miles

  • Hilton Garden Inn Detroit Downtown

    0.67 miles

  • Atheneum Suite Hotel

    0.73 miles

  • The Inn at 97 Winder

    0.74 miles

  • Comfort Inn

    0.75 miles

  • Rivertown Inn & Suites

    0.79 miles

  • Shinola Hotel

    0.86 miles

  • Aloft Detroit at The David Whitney

    0.87 miles

  • Stache International

    0.08 miles

  • Casings & Twine

    0.11 miles

  • Supino Pizzeria

    0.15 miles

  • Russell Street Deli

    0.15 miles

  • Zef's Coney Island

    0.15 miles

  • BB's Butcher's Inn

    0.18 miles

  • Jose’s Tacos

    0.19 miles

  • Beyond Juice and Eatery

    0.19 miles

  • Farmer's Restaurant

    0.21 miles

  • Cutter's

    0.30 miles

  • Walter P. Chrysler Elementary School

    0.45 miles

  • Woodward Academy

    0.47 miles

  • University Prep Science & Math Elementary - Sidney D. Miller Campus

    0.47 miles

  • DEPSA Primary Academy

    0.53 miles

  • Grand Valley State University Detroit Center

    0.70 miles

  • Bunche Preparatory Academy

    0.72 miles

  • University of Detroit Mercy Law School

    0.78 miles

  • Ecumenical Theological Seminary

    0.87 miles

  • People's Baptist Christian School

    0.94 miles

  • DEPSA Athletic Fields

    0.98 miles

  • Midtown KinderCare

    0.86 miles

  • Matrix Headstart

    1.18 miles

  • Sha-Sha's Kiddy Korner

    1.86 miles

  • Kingdom Care Learning Center

    2.15 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    3.14 miles

  • Henry Ford Kids Child Care Center

    3.15 miles

  • Matrix Head Start Infinity II

    3.36 miles

  • Angel Land Child & Parent Center

    3.89 miles

  • The Clifton Daycare and Development Center

    6.08 miles

  • Fleming Early Learning Neighborhood Center

    6.32 miles

Frequently Asked Questions

What is the total square footage of 1440 Gratiot Avenue?

1440 Gratiot Avenue totals 28,080 square feet.

When was this property built?

1440 Gratiot Avenue was built in 1922.

When was 1440 Gratiot Avenue last sold?

1440 Gratiot Avenue was last sold on 28 Jun, 2018.

What is the property tax for 1440 Gratiot Avenue?

The property tax for 1440 Gratiot Avenue in 2021 was $31,361.

What is the market value for 1440 Gratiot Avenue?

The market value* for 1440 Gratiot Avenue in 2021 was $725,600.
*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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