5845 Russell Street

Off-Market

5845 Russell Street, Detroit, MI 48211

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  • Property Type Industrial - Manufacturing
  • Property Size 144,920 SF
  • Lot Size 2.55 Acre
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1922

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 13 Aug, 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
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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 ®

    40/100 Car-Dependent
  • Transit Score ®

    46/100 Some Transit
  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Upper East Central
  • Zip Code 48211
  • Market Detroit

Points of Interest

  • Amsterdam Street

    0.76 miles

  • Ferry Street

    0.77 miles

  • Baltimore Street

    0.83 miles

  • Detroit

    0.84 miles

  • Warren Avenue

    0.87 miles

  • Grand Boulevard

    0.90 miles

  • Canfield Street

    1.14 miles

  • Mack Avenue

    1.48 miles

  • Martin Luther King Junior Boulevard

    1.50 miles

  • Checker Cab #977

    1.78 miles

  • Mobil

    0.51 miles

  • Sunoco

    0.57 miles

  • Marathon

    0.59 miles

  • Marathon

    0.63 miles

  • BP

    0.73 miles

  • Marathon

    0.73 miles

  • Mobil

    0.74 miles

  • Wayne State University - Parking Structure #6

    0.93 miles

  • Shell

    1.06 miles

  • Wayne State University - Parking Structure #8

    1.11 miles

  • Kirby Center Lofts Lot

    0.39 miles

  • CCS Parking Structure

    0.58 miles

  • John R Lot

    0.62 miles

  • WSU Lot 35

    0.67 miles

  • DIA Visitor Parking

    0.68 miles

  • DIA Staff Parking

    0.70 miles

  • WSU Lot 12

    0.72 miles

  • Park Shelton Garage

    0.76 miles

  • DMC Lot

    0.77 miles

  • Lot 13

    0.78 miles

  • Bucharest Grill

    0.65 miles

  • Z's Villa

    0.71 miles

  • Parks Old Style Bar-B-Q

    0.71 miles

  • Domino's

    0.71 miles

  • Subway

    0.72 miles

  • Krispy Krunchy Chicken

    0.73 miles

  • White Castle

    0.78 miles

  • Yum Village

    0.83 miles

  • Byblos Café and Grill

    0.84 miles

  • Baobab Fare

    0.86 miles

  • Food Pride Super Market

    0.70 miles

  • Whole Foods Market

    1.39 miles

  • University Foods

    1.44 miles

  • Save-A-Lot

    1.60 miles

  • King Cole Foods

    1.67 miles

  • Gratiot Central Market

    1.89 miles

  • Family Foods Superstore

    2.15 miles

  • Fruit Market

    2.20 miles

  • Al-Haramain International Foods

    2.23 miles

  • Save-A-Lot

    2.31 miles

  • CVS Pharmacy

    0.75 miles

  • Kresge Eye Institute

    0.75 miles

  • WSU Police Department

    0.83 miles

  • Karmanos Cancer Institute

    0.86 miles

  • Waller Health Center

    0.88 miles

  • Engine Co. 17 Fire Station

    0.94 miles

  • John D. Dingell VA Medical Center

    0.94 miles

  • Wayne County Sheriff's Office

    1.01 miles

  • Rite Aid

    1.05 miles

  • William Clay Ford Center for Athletic Medicine

    1.06 miles

Frequently Asked Questions

What is the total square footage of 5845 Russell Street?

5845 Russell Street totals 144,920 square feet.

When was this property built?

5845 Russell Street was built in 1922.

When was 5845 Russell Street last sold?

5845 Russell Street was last sold on 13 Aug, 2014.

What is the market value for 5845 Russell Street?

The market value* for 5845 Russell Street in 2022 was $1,042,200.

*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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