440 East Congress Street

Off-Market

440 East Congress 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 85,000 SF
  • Lot Size 0.75 Acre
  • Parking Spaces Avail. 127
  • Parking Ratio 1.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925

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 01 Aug, 2018
  • 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 ®

    89/100 Very Walkable
  • Transit Score ®

    83/100 Excellent Transit
  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Bricktown

    0.10 miles

  • Millender Center

    0.13 miles

  • Renaissance Center

    0.13 miles

  • Greektown

    0.20 miles

  • Congress Street

    0.28 miles

  • Cadillac Center

    0.29 miles

  • Campus Martius

    0.32 miles

  • Financial District

    0.37 miles

  • Broadway

    0.44 miles

  • Huntington Place

    0.52 miles

  • Speedway

    0.22 miles

  • Beaubien Place Garage

    0.24 miles

  • Mobil

    0.60 miles

  • Bedrock Kahn Garage

    0.77 miles

  • Mobil

    0.80 miles

  • Bedrock John R 1

    1.00 miles

  • Shell

    1.05 miles

  • Marathon

    1.19 miles

  • BP

    1.34 miles

  • Bedrock Corktown

    1.39 miles

  • Brush & Congress Lot

    0.03 miles

  • APG Parking

    0.07 miles

  • Blue Cross Jefferson Garage

    0.08 miles

  • Greektown Garage

    0.11 miles

  • BCBM W Congress Deck

    0.11 miles

  • Two Detroit Center Garage

    0.15 miles

  • BCBS Employee Deck

    0.18 miles

  • Ally Detroit Center Garage

    0.19 miles

  • Port Atwater Garage

    0.22 miles

  • Franklin Deck

    0.23 miles

  • Courtyard by Marriott Detroit Downtown

    0.10 miles

  • Courtyard

    0.10 miles

  • Atheneum Suite Hotel

    0.18 miles

  • Detroit Marriott at the Renaissance Center

    0.21 miles

  • Hollywood Casino at Greektown

    0.28 miles

  • Hilton Garden Inn Detroit Downtown

    0.34 miles

  • Rivertown Inn & Suites

    0.39 miles

  • Shinola Hotel

    0.42 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.44 miles

  • Detroit Foundation Hotel

    0.46 miles

  • Mr. Steven's

    0.03 miles

  • Sweetwater Tavern

    0.05 miles

  • IHOP

    0.10 miles

  • Applebee's

    0.11 miles

  • Nikki's Pizzeria

    0.13 miles

  • Locos

    0.14 miles

  • Cadillac Square Diner

    0.17 miles

  • Fishbones

    0.21 miles

  • Subway

    0.21 miles

  • Five Guys

    0.22 miles

  • University of Detroit Mercy Law School

    0.17 miles

  • Jessie C Kennedy Institute

    0.37 miles

  • Woodward Academy

    0.40 miles

  • Michigan Institute for Construction Trades

    0.42 miles

  • Grand Valley State University Detroit Center

    0.55 miles

  • Walter P. Chrysler Elementary School

    0.58 miles

  • Wayne County Community College Downtown Campus

    0.92 miles

  • Most Holy Trinity School

    1.06 miles

  • University Prep Science & Math High School

    1.11 miles

  • Ecumenical Theological Seminary

    1.13 miles

  • Midtown KinderCare

    1.33 miles

  • Matrix Headstart

    1.92 miles

  • Sha-Sha's Kiddy Korner

    2.63 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.75 miles

  • Kingdom Care Learning Center

    2.75 miles

  • Henry Ford Kids Child Care Center

    3.62 miles

  • Matrix Head Start Infinity II

    4.18 miles

  • Angel Land Child & Parent Center

    4.21 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.47 miles

  • The Clifton Daycare and Development Center

    6.91 miles

Frequently Asked Questions

What is the total square footage of 440 East Congress Street?

440 East Congress Street totals 85,000 square feet.

When was this property built?

440 East Congress Street was built in 1925.

When was 440 East Congress Street last sold?

440 East Congress Street was last sold on 01 Aug, 2018.

What is the property tax for 440 East Congress Street?

The property tax for 440 East Congress Street in 2021 was $59,808.

What is the market value for 440 East Congress Street?

The market value* for 440 East Congress Street in 2021 was $8,745,400.
*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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