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5062 Loraine

Off-Market

5062 Loraine, Detroit, MI 48208

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  • Property Type Industrial - Manufacturing
  • Property Size 32,644 SF
  • Lot Size 0.34 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1921

Location

  • Walk Score ® Car-Dependent (48)
  • Transit Score ® Good Transit (52)
  • Bike Score ® Very Bikeable (81)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Jeffries
  • Zip Code 48208
  • Market Detroit

Points of Interest

Checker Cab #977

1.55 miles

Warren Avenue

1.57 miles

Ferry Street

1.57 miles

Warren Avenue

1.58 miles

Ferry Street

1.58 miles

Canfield Street

1.64 miles

Canfield Street

1.65 miles

Amsterdam Street

1.66 miles

Amsterdam Street

1.67 miles

Detroit

1.68 miles

BP

0.21 miles

Mobil

0.75 miles

Valero

0.84 miles

AKA Gas & Food Station

0.86 miles

Marathon

0.87 miles

Wayne State University - Lot #50

0.97 miles

UF Gas Station

1.01 miles

Mobil

1.01 miles

Citgo

1.04 miles

Wayne State University - Parking Structure #5

1.17 miles

Lot 30

0.83 miles

Lot 50

0.97 miles

Lot 40

0.97 miles

WSU Lot 51

1.12 miles

Parking Structure 2

1.12 miles

WSU Lot 52

1.16 miles

Parking Structure 5

1.17 miles

Brigitte Harris Cancer Pavilion Garage

1.20 miles

WSU Lot 53

1.21 miles

Beethoven Lot

1.24 miles

Legends Grill

0.13 miles

BARDA

0.26 miles

Vicki’s BBQ

0.67 miles

Pie-Sci

0.76 miles

Papa's Soul Food and Grill

0.95 miles

Motor City Grill

1.04 miles

KFC

1.17 miles

Papa's Pizza

1.17 miles

Hygrade Deli

1.19 miles

Mike's Famous Ham Place

1.19 miles

Save-A-Lot

0.03 miles

University Foods

1.00 miles

Family Foods Superstore

1.62 miles

Prince Valley Supermercado Gigante

1.73 miles

Algo Especial Super Market

1.79 miles

Honey Bee Market La Colmena

1.82 miles

Supermercado la Jalisciense

1.86 miles

Whole Foods Market

1.87 miles

La Jalisciense Supermercado / Taqueria

1.87 miles

Dollar General

1.91 miles

Engine Number 63 Fire Station

0.15 miles

Detroit Police Training Academy

0.58 miles

Ellen A. Thompson Center For Women and Children

0.71 miles

Salvation Army Detroit Harbor Light

0.75 miles

Engine Number 31 Fire Station

0.91 miles

New Center Community Mental Health

0.99 miles

CVS Pharmacy

1.02 miles

Engine Number 10 Fire Station

1.08 miles

Andy's Pharmacy

1.11 miles

PharMore

1.20 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 10 Jun, 2014
  • 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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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 $8,220
  • Current Tax $2,864
  • Market Value* $190,200
  • Assessed Value $190,200

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 5062 Loraine?

5062 Loraine totals 32,644 square feet.

When was this property built?

5062 Loraine was built in 1921.

When was 5062 Loraine last sold?

5062 Loraine was last sold on 10 Jun, 2014.

What is the market value for 5062 Loraine?

The market value* for 5062 Loraine in 2021 was $190,200.
*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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