1505 Woodward Avenue

Off-Market

1505 Woodward Avenue, Detroit, MI 48226

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

  • Property Type Office - General Office
  • Property Size 53,043 SF
  • Lot Size 0.14 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1976

Contacts

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Owner

  • True 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 13 Aug, 2013
  • 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.

  • 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 ®

    96/100 Walker's Paradise
  • Transit Score ®

    86/100 Excellent Transit
  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Grand Circus Park

    0.07 miles

  • Broadway

    0.09 miles

  • Times Square

    0.15 miles

  • Campus Martius

    0.20 miles

  • Cadillac Center

    0.21 miles

  • Michigan

    0.27 miles

  • Montcalm Street

    0.31 miles

  • Greektown

    0.38 miles

  • Fort/Cass

    0.38 miles

  • Congress Street

    0.42 miles

  • Mobil

    0.42 miles

  • Bedrock Kahn Garage

    0.55 miles

  • Bedrock John R 1

    0.61 miles

  • Speedway

    0.69 miles

  • Beaubien Place Garage

    0.72 miles

  • Marathon

    0.94 miles

  • Marathon

    1.06 miles

  • Bedrock Corktown

    1.13 miles

  • Bedrock QLDC 1

    1.17 miles

  • Bedrock QLDC 2

    1.17 miles

  • Griswold Parking

    0.07 miles

  • Lofts of Merchants Row Garage

    0.09 miles

  • Trolley Plaza Garage

    0.11 miles

  • Grand Circus Park Garage

    0.12 miles

  • Detroit Opera Lot

    0.13 miles

  • Detroit Opera House Parking Center

    0.14 miles

  • ODM Lot G

    0.16 miles

  • Z Garage

    0.17 miles

  • 200 Madison Lot

    0.18 miles

  • 850 Witherell Lot

    0.19 miles

  • Aloft Detroit at The David Whitney

    0.05 miles

  • Shinola Hotel

    0.08 miles

  • The Westin Book Cadillac Detroit

    0.22 miles

  • Hotel Indigo Detroit Downtown

    0.25 miles

  • Leland Hotel

    0.25 miles

  • Hilton Garden Inn Detroit Downtown

    0.25 miles

  • Wright Hotel

    0.28 miles

  • Atheneum Suite Hotel

    0.37 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.41 miles

  • Fort Shelby Hotel

    0.42 miles

  • Downtown Louie's

    0.02 miles

  • Go! Smoothies

    0.03 miles

  • Cornerstone Barrel House

    0.04 miles

  • Lovers Only

    0.08 miles

  • Buddy's Pizza

    0.08 miles

  • Olin Bar & Kitchen

    0.10 miles

  • Bam Bamz!

    0.11 miles

  • Leila

    0.12 miles

  • The Hudson Cafe

    0.13 miles

  • Go Sy Thai

    0.14 miles

  • Michigan Institute for Construction Trades

    0.19 miles

  • Grand Valley State University Detroit Center

    0.19 miles

  • Jessie C Kennedy Institute

    0.28 miles

  • University of Detroit Mercy Law School

    0.63 miles

  • Woodward Academy

    0.65 miles

  • Cass Technical High School

    0.65 miles

  • Most Holy Trinity School

    0.69 miles

  • Ecumenical Theological Seminary

    0.72 miles

  • Wayne County Community College Downtown Campus

    0.73 miles

  • Cultural Center Early Learning Center

    0.84 miles

  • Midtown KinderCare

    0.97 miles

  • Matrix Headstart

    1.68 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.35 miles

  • Kingdom Care Learning Center

    2.38 miles

  • Sha-Sha's Kiddy Korner

    2.74 miles

  • Henry Ford Kids Child Care Center

    3.18 miles

  • Angel Land Child & Parent Center

    3.72 miles

  • Matrix Head Start Infinity II

    4.21 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.04 miles

  • The Clifton Daycare and Development Center

    6.71 miles

Frequently Asked Questions

What is the total square footage of 1505 Woodward Avenue?

1505 Woodward Avenue totals 53,043 square feet.

When was this property built?

1505 Woodward Avenue was built in 1976.

When was 1505 Woodward Avenue last sold?

1505 Woodward Avenue was last sold on 13 Aug, 2013.

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