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18881 Sherwood Street

Off-Market

18881 Sherwood Street, Detroit, MI 48234

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  • Property Type Industrial - Manufacturing
  • Property Size 52,291 SF
  • Lot Size 5.99 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1977

Location

  • Walk Score ® Car-Dependent (43)
  • Transit Score ® Some Transit (48)
  • Bike Score ® Somewhat Bikeable (43)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Grant
  • Zip Code 48234
  • Market Detroit

Points of Interest

Grand Boulevard

4.72 miles

Grand Boulevard

4.73 miles

Baltimore Street

4.82 miles

Baltimore Street

4.82 miles

Detroit

4.88 miles

Amsterdam Street

4.94 miles

Amsterdam Street

4.95 miles

Ferry Street

5.22 miles

Ferry Street

5.22 miles

Warren Avenue

5.40 miles

Citgo

0.48 miles

Citgo

0.57 miles

Sunoco Van Dyke Petrol

0.77 miles

Mobil

0.81 miles

Valero

0.93 miles

Sunoco

0.97 miles

BP

1.03 miles

Citgo

1.05 miles

Marathon

1.07 miles

Mobil

1.07 miles

WCCC Eastern Campus Lot

3.61 miles

Chess Row

4.00 miles

Lot 12

4.59 miles

New Center Garage

4.73 miles

John R Lot

4.78 miles

Cass Avenue Garage

4.83 miles

CCS Woodward Lot

4.85 miles

Fisher Building Garage

4.86 miles

New Center Place Garage

4.91 miles

Kirby Center Lofts Lot

4.94 miles

Lou's Coney Island

0.42 miles

Motown Cafe & Grill

0.72 miles

McDonald's

0.79 miles

Burger King

0.80 miles

Subway

0.81 miles

Marcus Hamburgers

0.93 miles

Detroit Grill & Deli

1.03 miles

Wendy's

1.20 miles

The Ham Palace

1.45 miles

Nono's Pizza

1.48 miles

New Pick And Save Market

0.34 miles

7 Mile Foods

0.70 miles

Food Palace Supermarket

1.05 miles

Grocery Outlet

1.75 miles

Glory Supermarket

2.03 miles

Shoppers Market

2.07 miles

Save-A-Lot

2.11 miles

Royal Supermarket

2.31 miles

Saveway

2.33 miles

Al-Haramain International Foods

2.44 miles

Engine Number 47 Fire Station

0.72 miles

CVS Pharmacy

0.85 miles

Detroit Police Department Eleventh Precinct

0.97 miles

St. John Providence Hospital

1.01 miles

Engine Number 56 Fire Station

1.46 miles

Engine Number 60 Fire Station

1.60 miles

Walgreens

2.11 miles

Walter P. Harris Regional Training Center

2.16 miles

Hamtramck Medical Urgent Care

2.42 miles

Hamtramck Police

2.46 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 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.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (SF) 63,500
View more Detroit market trends

Tax

  • Base Tax $46,419
  • Current Tax $27,649
  • Market Value* $1,074,000
  • Assessed Value $1,074,000

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 18881 Sherwood Street?

18881 Sherwood Street totals 52,291 square feet.

When was this property built?

18881 Sherwood Street was built in 1977.

What is the market value for 18881 Sherwood Street?

The market value* for 18881 Sherwood Street in 2021 was $1,074,000.
*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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