201 Waterman Street

Off-Market

201 Waterman Street, Detroit, MI 48209

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

  • Property Type Industrial - Manufacturing
  • Property Size 183,311 SF
  • Lot Size 7.1 Acre
  • Parking Spaces Avail. 137
  • Parking Ratio 0.75 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2016

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 07 Oct, 2020
  • 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 ®

    33/100 Car-Dependent
  • Transit Score ®

    38/100 Some Transit
  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood West Riverfront
  • Zip Code 48209
  • Market Detroit

Points of Interest

  • West Riverfront

    3.27 miles

  • Fort/Cass

    3.49 miles

  • Huntington Place

    3.50 miles

  • Michigan

    3.52 miles

  • Times Square

    3.61 miles

  • Financial District

    3.66 miles

  • Checker Cab #977

    3.67 miles

  • Congress Street

    3.74 miles

  • Campus Martius

    3.76 miles

  • Grand Circus Park

    3.77 miles

  • Mobil

    0.56 miles

  • Shell

    0.94 miles

  • Mobil

    1.01 miles

  • Citgo

    1.03 miles

  • Exxon

    1.09 miles

  • Marathon

    1.18 miles

  • BP

    1.20 miles

  • Sunoco

    1.36 miles

  • Mobil

    1.39 miles

  • Sunoco

    1.42 miles

  • St. Gabriel Parish Parking Lot

    1.23 miles

  • Parking Structure

    1.58 miles

  • Truck Parking

    2.04 miles

  • 4330 Larkins St Parking

    2.22 miles

  • Two James Spirits Parking

    2.49 miles

  • WCCC Lot

    2.81 miles

  • Comerica Ford Field Parking

    2.89 miles

  • Tasting Room Parking

    3.00 miles

  • Howard Lot B

    3.03 miles

  • Howard Lot C

    3.04 miles

  • Motz's Burgers

    0.26 miles

  • Camino Real Mexican Grill

    0.51 miles

  • McDonald's

    0.64 miles

  • Dino's Cafe

    0.66 miles

  • El Asador

    0.72 miles

  • Vince's Italian Restaurant

    0.76 miles

  • Mi Lindo San Blas

    0.89 miles

  • Burger King

    0.91 miles

  • Mangonadas del Barrio

    0.95 miles

  • McDonald's

    0.96 miles

  • Hacienda Mexican Foods

    0.99 miles

  • E & L Supermercado

    1.02 miles

  • La Fiesta Market Carniceria

    1.04 miles

  • Azteca Supermercado

    1.18 miles

  • Vernor Food Center

    1.36 miles

  • La Jalisciense Supermercado / Taqueria

    1.63 miles

  • Supermercado la Jalisciense

    1.64 miles

  • Prince Valley Supermercado Gigante

    2.01 miles

  • Save More & Discount

    2.19 miles

  • Algo Especial Super Market

    2.22 miles

  • Engine Number 29 Fire Station

    0.56 miles

  • Southwest Counseling Solutions Waterman Outpatient Clinic

    0.75 miles

  • CHASS Center

    0.77 miles

  • Engine Number 33 Fire Station

    0.95 miles

  • Town Pharmacy

    0.96 miles

  • Engine Number 27 Fire Station

    0.97 miles

  • Elite Health

    0.98 miles

  • Southwest Discount Pharmacy

    1.00 miles

  • Clínica Médica Familiar

    1.02 miles

  • CVS Pharmacy

    1.06 miles

Frequently Asked Questions

What is the total square footage of 201 Waterman Street?

201 Waterman Street totals 183,311 square feet.

When was this property built?

201 Waterman Street was built in 2016.

When was 201 Waterman Street last sold?

201 Waterman Street was last sold on 07 Oct, 2020.

What is the property tax for 201 Waterman Street?

The property tax for 201 Waterman Street in 2022 was $24,848.

What is the market value for 201 Waterman Street?

The market value* for 201 Waterman Street in 2022 was $574,200.

*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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