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2542 Market Street

Off-Market

2542 Market Street, Detroit, MI 48207

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  • Property Type Industrial - Flex - Industrial
  • Property Size 26,972 SF
  • Lot Size 0.25 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1916

Location

  • Walk Score ® Very Walkable (79)
  • Transit Score ® Good Transit (57)
  • Bike Score ® Bikeable (64)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Middle East Central
  • Zip Code 48207
  • Market Detroit

Points of Interest

Sproat Street

0.85 miles

Greektown

0.87 miles

Broadway

0.92 miles

Grand Circus Park

0.92 miles

Mack Avenue

0.94 miles

Cadillac Center

0.98 miles

Campus Martius

1.08 miles

Times Square

1.13 miles

Renaissance Center

1.16 miles

Millender Center

1.16 miles

Bedrock John R 1

0.72 miles

Speedway

0.99 miles

Beaubien Place Garage

1.23 miles

Wayne State University - Parking Structure #6

1.54 miles

Wayne State University - Lot #50

1.90 miles

Bedrock QLDC 1

2.10 miles

Bedrock Corktown

2.10 miles

Bedrock QLDC 2

2.11 miles

Detroit Pistons Performance Center

2.26 miles

Exxon

4.94 miles

Eastern Market parking garage

0.09 miles

Hollywood Casino at Greektown Express Valet Garage

0.78 miles

125 W Elizabeth

1.01 miles

3110 Cass

1.03 miles

454 W Columbia

1.14 miles

1370 Cass Lot

1.18 miles

Detroit Public Safety Headquarters Visitor Parking

1.45 miles

Howard Lot A

1.67 miles

Joe Louis Arena Garage

1.67 miles

Church parking lot

9.02 miles

Burger King

0.35 miles

New Parthenon

0.81 miles

Goodwell's

1.29 miles

Subway

1.32 miles

Grandy's Coney Island

1.36 miles

Cellar D's

1.40 miles

Detroit Made Market

1.48 miles

Tommy's Detroit Bar & Grill

1.54 miles

Ima

2.08 miles

Yum Village

2.29 miles

CGX

1.68 miles

Wonder Foods Supermarket

3.65 miles

Parkway Foods

3.73 miles

E & L Supermercado

4.02 miles

The Shops at Woodward Place

5.40 miles

Value Save Food Center

6.07 miles

Dearborn Village Supermarket

6.29 miles

Royal Plaza

7.31 miles

Meijer

7.89 miles

Marshalls

7.94 miles

DFD Ladder No. 5/3rd battalion/Engine No. 6

0.26 miles

Detroit Medical Center

0.92 miles

PharMor

1.02 miles

John D. Dingell VA Medical Center

1.18 miles

Kresge Eye Institute

1.19 miles

Rite Aid

1.28 miles

CVS Pharmacy

1.29 miles

Team Wellness Center – East

1.39 miles

Kinght Drugs

2.48 miles

Gateway Health Center

2.51 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 15 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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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

  • Property Tax in 2021 $44,050
  • Market Value* $1,019,200
  • Assessed Value $1,019,200

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 2542 Market Street?

2542 Market Street totals 26,972 square feet.

When was this property built?

2542 Market Street was built in 1916.

When was 2542 Market Street last sold?

2542 Market Street was last sold on 15 Mar, 2019.

What is the property tax for 2542 Market Street?

The property tax for 2542 Market Street in 2021 was $44,050.

What is the market value for 2542 Market Street?

The market value* for 2542 Market Street in 2021 was $1,019,200.
*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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