51 West Hancock Street

Off Market

51 West Hancock Street, Detroit, MI 48201

  • Office
  • General Office
  • 30,423 Sqft

51 West Hancock Street, Detroit, MI 48201 - Office Space

51 West Hancock Street is located at 51 West Hancock Street in the Lower Woodward neighborhood, MI, Detroit, 48201. The Class B Office building was completed in 1973 and features a total of 30,423 Sqft.

There are 4 office spaces for lease in the Lower Woodward neighborhood, totaling 85,828 Sqft of available office space. The office space availability for the 48201 zip code is 104,928 Sqft, in 7 office spaces. The average asking office rent per sq. ft. in Lower Woodward is $18.5/sqft/year. For Class A office buildings the average office rate is $20/sqft/year, for Class B office buildings the average office rate is $17/sqft/year.

In Lower Woodward, there are 7 class B office buildings. In 1973, the same year 51 West Hancock Street was built, 5 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Detroit, featuring 1,138,204 square feet of commercial space. At zip code level, there are 19 commercial properties, of which 18 are office buildings over 50,000 square feet.

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Nearby Properties

Details

  • City Detroit
  • Neighborhood Lower Woodward
  • Zip Code 48201
  • Market Detroit
  • Property Type Office - General Office
  • Property Size 30,423 Sqft
  • Lot Size 0.42 Acre
  • Parking Spaces Avail. 27
  • Parking Ratio 0.90/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1973
  • Date Updated 07 Apr, 2020

Lower Woodward Demographics

The average household income in zip code 48201 is $31,240, from a total of 8,338 households. In terms of employment, there are 87.79 % white-collar and 12.21 % blue-collar jobs in zip code 48201.

Population

  • Total Population15,048
  • Male Population(46.5 %) 7,003
  • Female Population(53.5 %) 8,045
  • Median Age33.00

Income/Financial

  • Average Household Income$34,211
  • Median Household Income$20,666
  • Median Income Under 25$15,920
  • Median Income 25-44$29,504
  • Median Income 45-64$16,012
  • Median Income Over 65$20,864