3855 Outer Drive East

Off-Market

3855 Outer Drive East, Detroit, MI 48234

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

  • Property Type Industrial - Manufacturing
  • Property Size 127,778 SF
  • Lot Size 4.94 Acre
  • Parking Spaces Avail. 38
  • Parking Ratio 0.30 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1950

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 10 May, 2011
  • 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.

  • 2022 Avg. Asking Rent $27.10
  • 2022 Office Vacancy Rate 25.71%
  • 2022 Office Completions (SF) 232,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    41/100 Car-Dependent

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Grant
  • Zip Code 48234
  • Market Detroit

Points of Interest

  • Grand Boulevard

    5.26 miles

  • Baltimore Street

    5.37 miles

  • Detroit

    5.43 miles

  • Amsterdam Street

    5.50 miles

  • Ferry Street

    5.79 miles

  • Warren Avenue

    5.97 miles

  • Canfield Street

    6.28 miles

  • Royal Oak

    6.57 miles

  • Mack Avenue

    6.61 miles

  • Martin Luther King Junior Boulevard

    6.63 miles

  • Sunoco

    0.60 miles

  • BP

    0.66 miles

  • Citgo

    0.70 miles

  • Valero

    0.80 miles

  • Citgo

    0.83 miles

  • Sunoco

    0.84 miles

  • Citgo

    0.85 miles

  • Clark

    0.96 miles

  • Marathon

    0.96 miles

  • Valero

    1.03 miles

  • Chess Row

    4.11 miles

  • WCCC Eastern Campus Lot

    4.13 miles

  • Parking Garage

    4.54 miles

  • Parking Garage

    4.58 miles

  • Lawrence C. Falvey Parking Lot

    5.08 miles

  • Church parking lot

    5.09 miles

  • Parking Garage

    5.13 miles

  • Lot 12

    5.13 miles

  • US Post Office Parking lLot

    5.20 miles

  • New Center Garage

    5.27 miles

  • Burger King

    0.57 miles

  • McDonald's

    0.62 miles

  • Motown Cafe & Grill

    0.63 miles

  • Lou's Coney Island

    0.64 miles

  • Wendy's

    0.66 miles

  • Detroit Grill & Deli

    0.66 miles

  • Nono's Pizza

    0.94 miles

  • McDonald's

    1.08 miles

  • Subway

    1.37 miles

  • Krispy Krunchy Chicken

    1.45 miles

  • New Pick And Save Market

    0.68 miles

  • 7 Mile Foods

    0.90 miles

  • Food Palace Supermarket

    1.14 miles

  • Shoppers Market

    1.50 miles

  • Royal Supermarket

    1.79 miles

  • Glory Supermarket

    1.85 miles

  • Save-A-Lot

    1.89 miles

  • Grocery Outlet

    2.17 miles

  • Imperial Supermarket

    2.36 miles

  • Saveway

    2.42 miles

  • CVS Pharmacy

    0.63 miles

  • St. John Providence Hospital

    0.84 miles

  • Engine Number 47 Fire Station

    1.32 miles

  • Detroit Police Department Eleventh Precinct

    1.35 miles

  • Walgreens

    1.54 miles

  • Engine Number 60 Fire Station

    1.58 miles

  • Engine Number 56 Fire Station

    1.60 miles

  • Rite Aid

    1.97 miles

  • Rite Aid

    2.40 miles

  • Michigan Surgical Hospital

    2.45 miles

Frequently Asked Questions

What is the total square footage of 3855 Outer Drive East?

3855 Outer Drive East totals 127,778 square feet.

When was this property built?

3855 Outer Drive East was built in 1950.

When was 3855 Outer Drive East last sold?

3855 Outer Drive East was last sold on 10 May, 2011.

What is the market value for 3855 Outer Drive East?

The market value* for 3855 Outer Drive East in 2022 was $1,402,800.
*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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