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Globe

Off-Market

407 East Fort Street, Detroit, MI 48226

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  • 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

Location

  • Walk Score ® Walker's Paradise (94)
  • Transit Score ® Excellent Transit (84)
  • Bike Score ® Bikeable (62)
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

Campus Martius

0.26 miles

Congress Street

0.27 miles

Broadway

0.34 miles

Financial District

0.37 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

Greektown Garage

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

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

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 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.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (SF) 63,500
View more Detroit market trends

Tax

  • Base Tax $192,419
  • Current Tax $104,539
  • Market Value* $4,452,000
  • Assessed Value $4,452,000

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 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 2021 was $4,452,000.
*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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