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580 Monroe Avenue

Off-Market

580 Monroe Avenue, 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 29,000 SF
  • Lot Size 0.27 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2016

Location

  • Walk Score ® Very Walkable (89)
  • Transit Score ® Excellent Transit (81)
  • Bike Score ® Bikeable (61)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Greektown

0.09 miles

Bricktown

0.13 miles

Cadillac Center

0.28 miles

Millender Center

0.35 miles

Broadway

0.37 miles

Campus Martius

0.38 miles

Grand Circus Park

0.48 miles

Times Square

0.58 miles

Michigan

0.63 miles

Montcalm Street

0.63 miles

Beaubien Place Garage

0.45 miles

Bedrock John R 1

0.82 miles

Bedrock Corktown

1.50 miles

Bedrock QLDC 2

1.58 miles

Bedrock QLDC 1

1.58 miles

Wayne State University - Parking Structure #6

1.99 miles

Wayne State University - Lot #50

2.16 miles

Detroit Pistons Performance Center

2.69 miles

BP

4.29 miles

Exxon

4.81 miles

Ford Field Parking Deck

0.37 miles

238 W Adams Lot

0.68 miles

ODM Lot J

0.76 miles

ODM Lot L

0.79 miles

Xia Parking

1.16 miles

WSU Lot 72

1.64 miles

WSU Lot 52

2.03 miles

Lot 37

2.25 miles

Faculty / Visitor Parking Lot C

7.29 miles

Vistor Parking Lot B

7.33 miles

Hollywood Casino at Greektown

0.05 miles

Hilton Garden Inn Detroit Downtown

0.21 miles

Courtyard by Marriott Detroit Downtown

0.32 miles

Shinola Hotel

0.38 miles

Detroit Marriott at the Renaissance Center

0.44 miles

Detroit Foundation Hotel

0.61 miles

The Cochrane House

0.66 miles

Wright Hotel

0.68 miles

Leland Hotel

0.70 miles

Viking Motel

1.20 miles

Pegasus Taverna

0.03 miles

Punch Bowl Social

0.29 miles

Downtown Louie's

0.47 miles

Tropical Smoothie Cafe

0.58 miles

Detroit Made Market

0.70 miles

Legends Grill

4.11 miles

A Eagles Coney Island

4.57 miles

McDonald's

5.97 miles

L.A. Coney Island

6.18 miles

Lou's Coney Island

6.82 miles

Grand Valley State University Detroit Center

0.42 miles

Wayne County Community College Downtown Campus

1.04 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.23 miles

University Tower

1.69 miles

Physics and Astronomy Building

1.95 miles

Saint Elizabeth's School

1.96 miles

College for Creative Studies

2.15 miles

Wayne State University

2.16 miles

University of Detroit Mercy Corktown Campus

2.35 miles

College for Creative Studies Taubman Campus

2.82 miles

Matrix Headstart

1.70 miles

Sha-Sha's Kiddy Korner

2.43 miles

Kingdom Care Learning Center

2.55 miles

Matrix Head Start Infinity II

3.97 miles

Angel Land Child & Parent Center

4.07 miles

Advanced Technology Academy Pre-K & Business Office

6.49 miles

The Clifton Daycare and Development Center

6.68 miles

Fleming Early Learning Neighborhood Center

6.94 miles

Sunnybrook Day Nursery

7.13 miles

New Life Head Start

7.17 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

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
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.

  • 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 $168,370
  • Current Tax $9,701
  • Market Value* $3,895,600
  • Assessed Value $3,895,600

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 580 Monroe Avenue?

580 Monroe Avenue totals 29,000 square feet.

When was this property built?

580 Monroe Avenue was built in 2016.

What is the market value for 580 Monroe Avenue?

The market value* for 580 Monroe Avenue in 2021 was $3,895,600.
*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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