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20580 Hoover Street

Off-Market

20580 Hoover Street, Detroit, MI 48205

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 62,889 SF
  • Lot Size 2.3 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1962

Location

  • Walk Score ® Car-Dependent (48)
  • Transit Score ® Some Transit (44)
  • Bike Score ® Bikeable (53)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Mt. Olivet
  • Zip Code 48205
  • Market Detroit

Points of Interest

Grand Boulevard

6.44 miles

Detroit

6.58 miles

Ferry Street

6.84 miles

Warren Avenue

6.99 miles

Canfield Street

7.24 miles

Mack Avenue

7.51 miles

Martin Luther King Junior Boulevard

7.53 miles

Sproat Street

7.80 miles

Adelaide Street

7.83 miles

Checker Cab #977

7.86 miles

Gulf

1.87 miles

Mobil

2.57 miles

Blink

4.28 miles

Costco Gasoline

4.75 miles

Exxon

6.35 miles

Ferndale Public Library

6.63 miles

Meijer

6.84 miles

Detroit Pistons Performance Center

6.97 miles

Wayne State University - Parking Structure #6

7.05 miles

Roseville, MI Supercharger

7.12 miles

WSU Parking Structure 4

6.90 miles

WSU Lot 75

6.93 miles

WSU Lot 62

7.20 miles

WSU Parking Structure 8

7.23 miles

WSU Lot 53

7.34 miles

WSU Lot 71

7.36 miles

200 Madison Lot

8.04 miles

Prime Parking Lot 2

8.13 miles

Griswold/Larned Garage

8.54 miles

Two James Spirits Parking

8.99 miles

Te Roma Inc

2.09 miles

Jet's Pizza

2.20 miles

Krispy Krunchy Chicken

3.04 miles

Wendy's

3.73 miles

Subway

5.02 miles

Dairy Park

5.11 miles

Dunkin' Donuts

5.72 miles

Rose's Fine Food

5.99 miles

Tubby's

6.82 miles

Subway

7.36 miles

New Pick And Save Market

1.60 miles

Save-A-Lot

2.68 miles

Eastland Center

3.52 miles

Imperial Supermarket

3.97 miles

Kmart

4.11 miles

Wonder Foods Supermarket

4.11 miles

Save-A-Lot

4.17 miles

Marshalls

4.21 miles

TJ Maxx

4.24 miles

Kroger

4.51 miles

St. John Providence Hospital

0.91 miles

DMG Medical Center

1.52 miles

Eastpointe Police Station

2.71 miles

CVS Pharmacy

4.04 miles

Harper Woods Fire Station

4.23 miles

Detroit 5th Precinct

5.00 miles

Behavioral Center of Michigan

5.03 miles

Popoff Family Health Center

5.03 miles

St. John Hospital and Medical Center

5.06 miles

Hazel Park Police Station

5.14 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 29 Mar, 2019
  • 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.

  • 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 $49,366
  • Current Tax $47,410
  • Market Value* $1,142,200
  • Assessed Value $1,142,200

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 20580 Hoover Street?

20580 Hoover Street totals 62,889 square feet.

When was this property built?

20580 Hoover Street was built in 1962.

When was 20580 Hoover Street last sold?

20580 Hoover Street was last sold on 29 Mar, 2019.

What is the market value for 20580 Hoover Street?

The market value* for 20580 Hoover Street in 2021 was $1,142,200.
*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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