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5945 Martin Street

Off-Market

5945 Martin Street, Detroit, MI 48210

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  • Property Type Industrial - Manufacturing
  • Property Size 25,039 SF
  • Lot Size 0.56 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1953

Location

  • Walk Score ® Car-Dependent (46)
  • Transit Score ® Some Transit (43)
  • Bike Score ® Bikeable (55)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Chadsey
  • Zip Code 48210
  • Market Detroit

Points of Interest

Checker Cab #977

3.68 miles

Detroit

3.71 miles

Amsterdam Street

3.74 miles

Baltimore Street

3.75 miles

Grand Boulevard

3.76 miles

Canfield Street

3.87 miles

Martin Luther King Junior Boulevard

4.00 miles

Mack Avenue

4.00 miles

Sproat Street

4.15 miles

Adelaide Street

4.19 miles

Marathon

1.35 miles

Exxon

1.86 miles

Marathon

2.62 miles

Wayne State University - Lot #50

3.20 miles

Detroit Pistons Performance Center

3.34 miles

Bedrock QLDC 1

3.52 miles

Wayne State University - Parking Structure #6

3.73 miles

Bedrock Corktown

3.77 miles

Wayne State University - Parking Structure #8

3.78 miles

Shell

3.80 miles

WSU Lot 53

3.44 miles

Comerica Ford Field Parking

3.58 miles

WSU Lot 70

3.69 miles

WSU Lot 62

3.74 miles

44 W Forest

3.76 miles

Xia Parking

3.80 miles

MGM Grand Parking Structure

3.86 miles

Greektown Garage

4.72 miles

BCBM W Congress Deck

4.89 miles

Faculty / Staff Parking Lot H

5.06 miles

Church's Chicken

0.71 miles

BARDA

2.48 miles

El Parian

2.55 miles

Selden Standard

3.63 miles

Subway

4.08 miles

Lumen Detroit

4.15 miles

Detroit Made Market

4.61 miles

IceBurg

6.27 miles

O'sushi Seafood Bar & Grill

6.48 miles

Jersey Mike's Subs

6.48 miles

La Fiesta Market Carniceria

2.05 miles

Save-A-Lot Grocery Store

2.23 miles

Royal Plaza

2.40 miles

Burlington

3.59 miles

Whole Foods Market

4.06 miles

Macy's

4.68 miles

JCPenney

4.73 miles

One Dollar Plus

4.78 miles

Fairlane Town Center

4.79 miles

The Shops at Woodward Place

5.06 miles

CVS Pharmacy

1.35 miles

New Center Community Mental Health

1.79 miles

Engine Number 10 Fire Station

1.99 miles

Engine Number 63 Fire Station

2.18 miles

Premier Medicine Urgent Care

2.29 miles

Detroit Police Training Academy

2.32 miles

PharMore

2.99 miles

WSU Police Department

3.66 miles

Woodward Corridor Family Medical Center

3.68 miles

Planned Parenthood

3.72 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 13 Jul, 1992
  • 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%
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 $10,251
  • Current Tax $3,476
  • Market Value* $237,200
  • Assessed Value $237,200

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 5945 Martin Street?

5945 Martin Street totals 25,039 square feet.

When was this property built?

5945 Martin Street was built in 1953.

When was 5945 Martin Street last sold?

5945 Martin Street was last sold on 13 Jul, 1992.

What is the market value for 5945 Martin Street?

The market value* for 5945 Martin Street in 2021 was $237,200.
*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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