Globe

Off-Market

407 East Fort Street, Detroit, MI 48226

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

  • Property Type Office - General Office
  • Property Size 48,487 SF
  • Lot Size 0.22 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984

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 16 Jul, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • 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.

  • 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 ®

    97/100 Walker's Paradise
  • Transit Score ®

    83/100 Excellent Transit
  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Bricktown

    0.07 miles

  • Greektown

    0.12 miles

  • Millender Center

    0.19 miles

  • Cadillac Center

    0.20 miles

  • Renaissance Center

    0.23 miles

  • Campus Martius

    0.26 miles

  • Congress Street

    0.27 miles

  • Broadway

    0.34 miles

  • Financial District

    0.37 miles

  • Grand Circus Park

    0.46 miles

  • Speedway

    0.29 miles

  • Beaubien Place Garage

    0.34 miles

  • Mobil

    0.56 miles

  • Bedrock Kahn Garage

    0.73 miles

  • Mobil

    0.84 miles

  • Bedrock John R 1

    0.90 miles

  • Shell

    1.10 miles

  • Marathon

    1.15 miles

  • BP

    1.30 miles

  • Exxon

    1.33 miles

  • Greektown Garage

    0.03 miles

  • Brush & Congress Lot

    0.09 miles

  • BCBM W Congress Deck

    0.11 miles

  • Two Detroit Center Garage

    0.16 miles

  • APG Parking

    0.17 miles

  • Blue Cross Jefferson Garage

    0.17 miles

  • One Campus Martius Garage

    0.18 miles

  • Ally Detroit Center Garage

    0.20 miles

  • Hollywood Casino at Greektown Express Valet Garage

    0.20 miles

  • BCBS Employee Deck

    0.23 miles

  • Atheneum Suite Hotel

    0.08 miles

  • Courtyard by Marriott Detroit Downtown

    0.17 miles

  • Courtyard

    0.17 miles

  • Hollywood Casino at Greektown

    0.23 miles

  • Hilton Garden Inn Detroit Downtown

    0.24 miles

  • Detroit Marriott at the Renaissance Center

    0.31 miles

  • Shinola Hotel

    0.32 miles

  • The Westin Book Cadillac Detroit

    0.41 miles

  • Hotel Indigo Detroit Downtown

    0.43 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.44 miles

  • Nikki's Pizzeria

    0.05 miles

  • Locos

    0.06 miles

  • Mr. Steven's

    0.07 miles

  • Sweetwater Tavern

    0.08 miles

  • Fishbones

    0.11 miles

  • Ham Shop Cafe

    0.12 miles

  • Cadillac Square Diner

    0.13 miles

  • Firebird Tavern

    0.13 miles

  • Five Guys

    0.14 miles

  • Buffalo Wild Wings

    0.15 miles

  • University of Detroit Mercy Law School

    0.23 miles

  • Jessie C Kennedy Institute

    0.31 miles

  • Michigan Institute for Construction Trades

    0.35 miles

  • Woodward Academy

    0.38 miles

  • Grand Valley State University Detroit Center

    0.45 miles

  • Walter P. Chrysler Elementary School

    0.58 miles

  • Wayne County Community College Downtown Campus

    0.89 miles

  • Most Holy Trinity School

    1.00 miles

  • Ecumenical Theological Seminary

    1.03 miles

  • Cass Technical High School

    1.05 miles

  • Midtown KinderCare

    1.23 miles

  • Matrix Headstart

    1.84 miles

  • Sha-Sha's Kiddy Korner

    2.61 miles

  • Kingdom Care Learning Center

    2.66 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.69 miles

  • Henry Ford Kids Child Care Center

    3.52 miles

  • Angel Land Child & Parent Center

    4.11 miles

  • Matrix Head Start Infinity II

    4.15 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.40 miles

  • The Clifton Daycare and Development Center

    6.84 miles

Frequently Asked Questions

What is the total square footage of Globe?

Globe totals 48,487 square feet.

When was this property built?

Globe was built in 1984.

When was Globe last sold?

Globe was last sold on 16 Jul, 2014.

What is the market value for Globe?

The market value* for Globe in 2022 was $5,163,200.

*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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