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5981 West Warren Avenue

Off-Market

5981 West Warren Avenue, Detroit, MI 48210

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 258,642 SF
  • Lot Size 8.02 Acre
  • Parking Spaces Avail. 77
  • Parking Ratio 0.30 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1948

Location

  • Walk Score ® Car-Dependent (45)
  • Transit Score ® Some Transit (45)
  • Bike Score ® Bikeable (60)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Tireman
  • Zip Code 48210
  • Market Detroit

Points of Interest

Checker Cab #977

3.16 miles

Amsterdam Street

3.22 miles

Ferry Street

3.22 miles

Baltimore Street

3.23 miles

Warren Avenue

3.26 miles

Canfield Street

3.34 miles

Mack Avenue

3.48 miles

Sproat Street

3.64 miles

Montcalm Street

3.75 miles

Times Square

3.81 miles

Wayne State University - Lot #50

2.66 miles

Wayne State University - Parking Structure #5

2.82 miles

Citgo

3.13 miles

Wayne State University - Parking Structure #6

3.19 miles

Shamrock

3.20 miles

Wayne State University - Parking Structure #8

3.25 miles

Bedrock Corktown

3.35 miles

Bedrock John R 1

3.73 miles

Bedrock Kahn Garage

3.75 miles

Rhombus Energy Solutions

3.95 miles

Lot 30

2.49 miles

HAP Lot C

2.69 miles

CCS Parking Structure

3.11 miles

ODM Lot J

3.60 miles

DMC Beaubien Deck

3.67 miles

1001 Woodward Garage

4.04 miles

Franklin Deck

4.62 miles

Chess Row

5.39 miles

Indycar Pit Parking

6.52 miles

Deck 400

6.93 miles

City Country Kitchen

0.93 miles

El Barzon

1.15 miles

Papusería y Restaurante Salvadoreño

1.37 miles

The Royal Grill

1.94 miles

White Castle

3.26 miles

Pho Lucky

3.55 miles

Lovers Only

3.94 miles

Bellacino's

4.05 miles

Jimmy John's

4.07 miles

Detroit Made Market

4.15 miles

Save More & Discount

0.90 miles

Azteca Supermercado

2.06 miles

Vernor Food Center

2.44 miles

University Foods

2.70 miles

Honey Bee Market La Colmena

2.79 miles

Royal Plaza

2.90 miles

King Saver Foods

3.38 miles

Target

3.91 miles

Big Lots

4.06 miles

Burlington

4.12 miles

CVS Pharmacy

0.83 miles

Engine Number 37 Fire Station

1.79 miles

Salvation Army Detroit Harbor Light

1.84 miles

Ellen A. Thompson Center For Women and Children

1.90 miles

Platinum Care Pharmacy

2.29 miles

Physical Therapy Clinic

2.32 miles

Precinct 10 Police Station

2.39 miles

Henry Ford Hospital

2.63 miles

Midwest Medical Center

2.96 miles

WSU Police Department

3.14 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 Date 22 Jul, 2022
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (SF) 63,500
View more Detroit market trends

Tax

  • Base Tax $322,046
  • Current Tax $152,108
  • Market Value* $7,451,200
  • Assessed Value $7,451,200

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 5981 West Warren Avenue?

5981 West Warren Avenue totals 258,642 square feet.

When was this property built?

5981 West Warren Avenue was built in 1948.

When was 5981 West Warren Avenue last sold?

5981 West Warren Avenue was last sold on 22 Jul, 2022.

What is the market value for 5981 West Warren Avenue?

The market value* for 5981 West Warren Avenue in 2021 was $7,451,200.
*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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