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2529 Orleans Street

Off-Market

2529 Orleans Street, Detroit, MI 48207

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  • Property Type Industrial
  • Property Size 63,429 Sqft
  • Lot Size 0.53 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1924

Location

  • City Detroit, MI
  • Neighborhood Middle East Central
  • Zip Code 48207
  • Market Detroit

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 05 Feb, 2020
  • Purchase Price $3,850,000
  • Arm's Length
  • 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 (Sqft) 63,500
View more Detroit market trends

Tax

  • Property Tax in 2018 $24,340
  • Market Value $638,600
  • Assessed Value $638,600

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 2529 Orleans Street?

2529 Orleans Street totals 63,429 square feet.

When was this property built?

2529 Orleans Street was built in 1924.

When was 2529 Orleans Street last sold?

2529 Orleans Street was last sold on 05 Feb, 2020.

What was the last purchase price for 2529 Orleans Street?

2529 Orleans Street was last sold for $3,850,000.

What is the property tax for 2529 Orleans Street?

The property tax for 2529 Orleans Street in 2018 was $24,340.

What is the market value for 2529 Orleans Street?

The market value for 2529 Orleans Street in 2018 was $638,600.

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