2703 23rd Street

Off-Market

2703 23rd Street, Detroit, MI 48216

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

  • Property Type Industrial - Manufacturing
  • Property Size 190,826 SF
  • Lot Size 6.92 Acre
  • Parking Spaces Avail. 47
  • Parking Ratio 0.25 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1929

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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Brokers

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Documents

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Sales

  • Purchase Date 05 Apr, 2016
  • 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.

  • 2021 Avg. Asking Rent $26.33
  • 2021 Office Vacancy Rate 10.13%
  • 2021 Office Completions (SF) 110,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Transit Score ®

    48/100 Some Transit
  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Condon
  • Zip Code 48216
  • Market Detroit

Points of Interest

  • Checker Cab #977

    1.66 miles

  • West Riverfront

    1.92 miles

  • Michigan

    1.94 miles

  • Times Square

    1.95 miles

  • Fort/Cass

    1.98 miles

  • Sproat Street

    2.01 miles

  • Adelaide Street

    2.03 miles

  • Montcalm Street

    2.03 miles

  • Martin Luther King Junior Boulevard

    2.05 miles

  • Huntington Place

    2.05 miles

  • Marathon

    0.16 miles

  • Citgo

    0.47 miles

  • Mobil

    0.72 miles

  • Mobil

    0.88 miles

  • Ammex

    0.93 miles

  • Marathon

    1.03 miles

  • Bedrock QLDC 1

    1.05 miles

  • Marathon

    1.06 miles

  • Bedrock QLDC 2

    1.07 miles

  • BP

    1.15 miles

  • Two James Spirits Parking

    0.56 miles

  • Truck Parking

    0.72 miles

  • Comerica Ford Field Parking

    1.17 miles

  • 3000 Trumbull St Garage

    1.24 miles

  • WCCC Lot

    1.38 miles

  • Tasting Room Parking

    1.47 miles

  • Howard Lot A

    1.49 miles

  • Howard Lot B

    1.50 miles

  • MGM Grand Parking Structure

    1.53 miles

  • Howard Lot C

    1.55 miles

  • Hygrade Deli

    0.28 miles

  • Mike's Famous Ham Place

    0.29 miles

  • Sicily’s Pizzeria

    0.40 miles

  • Evie's Tamales

    0.47 miles

  • El Zocalo

    0.47 miles

  • Los Galanes

    0.47 miles

  • Amicci's Pizza

    0.48 miles

  • Katoi

    0.49 miles

  • Taqueria Lupita's

    0.49 miles

  • Mexican Town Restaurant

    0.49 miles

  • Supermercado la Jalisciense

    0.51 miles

  • La Jalisciense Supermercado / Taqueria

    0.52 miles

  • Algo Especial Super Market

    0.64 miles

  • Honey Bee Market La Colmena

    0.73 miles

  • E & L Supermercado

    1.21 miles

  • Hacienda Mexican Foods

    1.23 miles

  • Prince Valley Supermercado Gigante

    1.35 miles

  • Save-A-Lot

    1.39 miles

  • University Foods

    1.80 miles

  • Garden Fresh Marketplace

    1.87 miles

  • Vernor Urgent Care

    0.39 miles

  • Engine Number 10 Fire Station

    0.51 miles

  • Salvation Army Detroit Harbor Light

    0.62 miles

  • Ellen A. Thompson Center For Women and Children

    0.67 miles

  • Liberty Pharmacy

    0.87 miles

  • Rite Health Pharmacy

    0.99 miles

  • Rite Health Farmacía

    1.09 miles

  • Engine Number 27 Fire Station

    1.13 miles

  • CVS Pharmacy

    1.14 miles

  • Clínica Médica Familiar

    1.15 miles

Frequently Asked Questions

What is the total square footage of 2703 23rd Street?

2703 23rd Street totals 190,826 square feet.

When was this property built?

2703 23rd Street was built in 1929.

When was 2703 23rd Street last sold?

2703 23rd Street was last sold on 05 Apr, 2016.

What is the market value for 2703 23rd Street?

The market value* for 2703 23rd Street in 2021 was $2,353,200.
*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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