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2220 24th Street

Off-Market

2220 24th Street, Detroit, MI 48216

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 28,456 SF
  • Lot Size 4.83 Acre
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 1969

Location

  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48216
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 11 Jan, 2002
  • 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 $24,998
  • Current Tax $9,299
  • Market Value* $578,400
  • Assessed Value $578,400

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 2220 24th Street?

2220 24th Street totals 28,456 square feet.

When was this property built?

2220 24th Street was built in 1969.

When was 2220 24th Street last sold?

2220 24th Street was last sold on 11 Jan, 2002.

What is the market value for 2220 24th Street?

The market value* for 2220 24th Street in 2021 was $578,400.
*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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