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1600 Modern Street

Off-Market

1600 Modern Street, Detroit, MI 48203

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 105,086 SF
  • Lot Size 10.78 Acre
  • Parking Spaces Avail. 73
  • Parking Ratio 0.70 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1981

Location

  • Walk Score ® Car-Dependent (17)
  • Transit Score ® Some Transit (44)
  • Bike Score ® Somewhat Bikeable (23)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Davison
  • Zip Code 48203
  • Market Detroit

Points of Interest

Grand Boulevard

2.90 miles

Baltimore Street

3.04 miles

Detroit

3.10 miles

Amsterdam Street

3.22 miles

Canfield Street

4.25 miles

Mack Avenue

4.66 miles

Martin Luther King Junior Boulevard

4.67 miles

Checker Cab #977

4.83 miles

Sproat Street

5.06 miles

Montcalm Street

5.27 miles

Valero

2.44 miles

Detroit Pistons Performance Center

3.37 miles

Wayne State University - Parking Structure #6

3.88 miles

Valero

3.97 miles

Wayne State University - Lot #50

4.05 miles

Wayne State University - Parking Structure #8

4.16 miles

Ferndale Public Library

4.18 miles

Marathon

4.98 miles

Bedrock John R 1

4.98 miles

Bedrock QLDC 1

5.94 miles

Faculty / Staff Parking Lot H

2.75 miles

44 W Forest

4.08 miles

WSU Lot 62

4.09 miles

WSU Lot 70

4.22 miles

Xia Parking

4.91 miles

Comerica Ford Field Parking

5.68 miles

Greektown Garage

5.77 miles

BCBM W Congress Deck

5.85 miles

Parking Lot H

9.51 miles

Parking Lot F

9.74 miles

Krispy Krunchy Chicken

2.57 miles

Wendy's

3.19 miles

KFC

3.24 miles

Cobb's Corner

4.35 miles

Gus's Fried Chicken

4.49 miles

Amore da Roma

4.72 miles

Vicki’s BBQ

4.78 miles

Beyond Juice and Eatery

5.06 miles

Parks & Rec

5.52 miles

Food Carnival

5.92 miles

The Shops at Woodward Place

0.93 miles

Marshalls

2.97 miles

New Pick And Save Market

3.19 miles

The Rust Belt Market

4.30 miles

Ferndale Foods

4.51 miles

Saveway

5.06 miles

Forman Mills

5.68 miles

Savon Foods

5.80 miles

Gordon Food Service

6.03 miles

CGX

6.27 miles

Highland Park Police

0.92 miles

Engine Number 47 Fire Station

2.40 miles

PharMore

3.21 miles

Hazel Park Police Station

3.47 miles

Engine Number 23 Fire Station

3.47 miles

Detroit Police Training Academy

3.85 miles

New Center Community Mental Health

3.96 miles

Kresge Eye Institute

3.97 miles

Engine Number 46 Fire Station

4.17 miles

Rite Aid

4.19 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 Date 18 Oct, 2017
  • 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.

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

Tax

  • Base Tax $87,513
  • Current Tax $59,595
  • Market Value* $2,024,800
  • Assessed Value $2,024,800

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 1600 Modern Street?

1600 Modern Street totals 105,086 square feet.

When was this property built?

1600 Modern Street was built in 1981.

When was 1600 Modern Street last sold?

1600 Modern Street was last sold on 18 Oct, 2017.

What is the market value for 1600 Modern Street?

The market value* for 1600 Modern Street in 2021 was $2,024,800.
*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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