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5716 Wellness

Off-Market

5716 Michigan Avenue, Detroit, MI 48210

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  • Property Type Office - General Office
  • Property Size 50,000 SF
  • Lot Size 1.28 Acre
  • Parking Spaces Avail. 20
  • Parking Ratio 0.40 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2011

Location

  • Walk Score ® Very Walkable (77)
  • Transit Score ® Some Transit (44)
  • Bike Score ® Very Bikeable (84)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Condon
  • Zip Code 48210
  • Market Detroit

Points of Interest

Checker Cab #977

2.68 miles

Canfield Street

3.03 miles

Martin Luther King Junior Boulevard

3.04 miles

Mack Avenue

3.05 miles

Sproat Street

3.11 miles

Ferry Street

3.13 miles

Adelaide Street

3.14 miles

Montcalm Street

3.17 miles

Fort/Cass

3.19 miles

Huntington Place

3.26 miles

Bedrock QLDC 1

2.27 miles

Wayne State University - Lot #50

2.48 miles

Bedrock Corktown

2.50 miles

Citgo

2.54 miles

Detroit Pistons Performance Center

2.88 miles

Wayne State University - Parking Structure #8

2.98 miles

Wayne State University - Parking Structure #6

3.02 miles

Bedrock John R 1

3.22 miles

Beaubien Place Garage

3.86 miles

Rhombus Energy Solutions

4.05 miles

WSU Lot 71

2.86 miles

WSU Parking Structure 1

3.01 miles

Historical Museum Lot

3.03 miles

145 W Elizabeth Lot

3.07 miles

DMC North Deck

3.21 miles

1001 Woodward Garage

3.35 miles

Ford Field Lot 6

3.61 miles

Brush & Congress Lot

3.68 miles

Deck 300

6.76 miles

Wyandotte Parking Lot 7

9.28 miles

Hostel Detroit

1.97 miles

Rio Grand Motel

2.01 miles

Viking Motel

2.58 miles

El Moore

2.71 miles

Aloft Detroit at The David Whitney

3.24 miles

Hotel St. Regis

3.32 miles

Crowne Plaza Detroit Downtown Riverfront

3.37 miles

Veteran's Park Hotel

5.08 miles

The Henry Autograph Collection

5.36 miles

Best Western

5.44 miles

El Palenque

1.10 miles

Checkers

1.12 miles

Los Galanes

1.57 miles

Taco Bell

2.86 miles

Detroit Made Market

3.38 miles

Vicente's Cuban Cuisine

3.40 miles

Noah's Deli

3.69 miles

Burger King

4.26 miles

McDonald's

4.53 miles

L Georges Coney Island

5.03 miles

Clippert Multicultural Magnet Honors Academy

1.09 miles

University of Detroit Mercy Corktown Campus

1.43 miles

Physics and Astronomy Building

2.74 miles

Wayne State University

2.82 miles

Wayne County Community College Downtown Campus

2.92 miles

University Tower

2.94 miles

Sacred Heart Major Seminary

3.00 miles

WSU Applebaum College of Pharmacy and Health Sciences

3.16 miles

College for Creative Studies Taubman Campus

3.20 miles

College for Creative Studies

3.29 miles

Vista's Nuevas Headstart Gasper Fiore Center

1.09 miles

Angel Land Child & Parent Center

2.66 miles

Advanced Technology Academy Pre-K & Business Office

2.79 miles

Midtown KinderCare

3.29 miles

Kingdom Care Learning Center

3.47 miles

Matrix Headstart

3.83 miles

Sunnybrook Day Nursery

4.67 miles

Sha-Sha's Kiddy Korner

5.58 miles

God's Little Schoolhouse

5.94 miles

Teddy Bear Daycare Infant Center

6.35 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 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

Tax

  • Base Tax $4,806
  • Current Tax $1,746
  • Market Value* $111,200
  • Assessed Value $111,200

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 5716 Wellness?

5716 Wellness totals 50,000 square feet.

When was this property built?

5716 Wellness was built in 2011.

What is the market value for 5716 Wellness?

The market value* for 5716 Wellness in 2021 was $111,200.
*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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