500 East Lafayette Street

Off-Market

500 East Lafayette 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 160,969 SF
  • Lot Size 13.85 Acre
  • Parking Spaces Avail. 563
  • Parking Ratio 3.50 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1996

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 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 ®

    92/100 Walker's Paradise
  • Transit Score ®

    82/100 Excellent Transit
  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Bricktown

    0.04 miles

  • Greektown

    0.12 miles

  • Renaissance Center

    0.25 miles

  • Millender Center

    0.25 miles

  • Cadillac Center

    0.29 miles

  • Campus Martius

    0.37 miles

  • Congress Street

    0.38 miles

  • Broadway

    0.41 miles

  • Financial District

    0.47 miles

  • Grand Circus Park

    0.54 miles

  • Speedway

    0.21 miles

  • Beaubien Place Garage

    0.34 miles

  • Mobil

    0.68 miles

  • Mobil

    0.74 miles

  • Bedrock Kahn Garage

    0.84 miles

  • Bedrock John R 1

    0.92 miles

  • Shell

    0.99 miles

  • BP

    1.22 miles

  • Marathon

    1.27 miles

  • Exxon

    1.30 miles

  • BCBM W Congress Deck

    0.01 miles

  • Greektown Garage

    0.09 miles

  • BCBS Employee Deck

    0.13 miles

  • Brush & Congress Lot

    0.15 miles

  • APG Parking

    0.15 miles

  • Hollywood Casino at Greektown Express Valet Garage

    0.16 miles

  • Hollywood Casino at Greektown Parking

    0.20 miles

  • Blue Cross Jefferson Garage

    0.20 miles

  • Two Detroit Center Garage

    0.26 miles

  • One Campus Martius Garage

    0.27 miles

  • Atheneum Suite Hotel

    0.12 miles

  • Hollywood Casino at Greektown

    0.16 miles

  • Courtyard by Marriott Detroit Downtown

    0.22 miles

  • Courtyard

    0.23 miles

  • Hilton Garden Inn Detroit Downtown

    0.28 miles

  • Detroit Marriott at the Renaissance Center

    0.33 miles

  • Rivertown Inn & Suites

    0.37 miles

  • Shinola Hotel

    0.41 miles

  • The Westin Book Cadillac Detroit

    0.51 miles

  • Aloft Detroit at The David Whitney

    0.52 miles

  • Nikki's Pizzeria

    0.08 miles

  • Locos

    0.08 miles

  • Mr. Steven's

    0.11 miles

  • Pegasus Taverna

    0.11 miles

  • Five Guys

    0.12 miles

  • Wahlburgers

    0.13 miles

  • Monroe St. Steakhouse

    0.14 miles

  • Pappy's

    0.14 miles

  • New Parthenon

    0.14 miles

  • The Greek

    0.14 miles

  • University of Detroit Mercy Law School

    0.15 miles

  • Woodward Academy

    0.28 miles

  • Jessie C Kennedy Institute

    0.43 miles

  • Michigan Institute for Construction Trades

    0.46 miles

  • Walter P. Chrysler Elementary School

    0.47 miles

  • Grand Valley State University Detroit Center

    0.49 miles

  • Wayne County Community College Downtown Campus

    1.00 miles

  • University Prep Science & Math High School

    1.05 miles

  • Ecumenical Theological Seminary

    1.05 miles

  • Most Holy Trinity School

    1.11 miles

  • Midtown KinderCare

    1.23 miles

  • Matrix Headstart

    1.81 miles

  • Sha-Sha's Kiddy Korner

    2.51 miles

  • Kingdom Care Learning Center

    2.65 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.79 miles

  • Henry Ford Kids Child Care Center

    3.54 miles

  • Matrix Head Start Infinity II

    4.06 miles

  • Angel Land Child & Parent Center

    4.15 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.51 miles

  • The Clifton Daycare and Development Center

    6.79 miles

Frequently Asked Questions

What is the total square footage of 500 East Lafayette Street?

500 East Lafayette Street totals 160,969 square feet.

When was this property built?

500 East Lafayette Street was built in 1996.

What is the market value for 500 East Lafayette Street?

The market value* for 500 East Lafayette Street in 2022 was $96,234,800.
*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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