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Industry Detroit

Off-Market

938 Selden Street, Detroit, MI 48201

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  • Property Type Office - Creative Office
  • Property Size 120,000 SF
  • Lot Size 1.14 Acre
  • Parking Spaces Avail. 114
  • Parking Ratio 0.95 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2023

Location

  • Walk Score ® Very Walkable (80)
  • Transit Score ® Good Transit (63)
  • Bike Score ® Biker's Paradise (97)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Lower Woodward
  • Zip Code 48201
  • Market Detroit

Points of Interest

Checker Cab #977

0.32 miles

Canfield Street

0.54 miles

Martin Luther King Junior Boulevard

0.55 miles

Mack Avenue

0.55 miles

Warren Avenue

0.72 miles

Sproat Street

0.79 miles

Montcalm Street

0.97 miles

Grand Circus Park

1.16 miles

Times Square

1.22 miles

Michigan

1.34 miles

Wayne State University - Parking Structure #8

0.55 miles

Wayne State University - Lot #50

0.60 miles

Wayne State University - Parking Structure #6

0.76 miles

Wayne State University - Parking Structure #5

0.83 miles

Bedrock John R 1

0.84 miles

Detroit Pistons Performance Center

1.25 miles

Bedrock QLDC 1

1.38 miles

Bedrock QLDC 2

1.42 miles

Bedrock Kahn Garage

1.45 miles

Beaubien Place Garage

1.97 miles

3110 Cass

0.54 miles

Karmanos Valet Lot

0.68 miles

Parking Structure 5

0.86 miles

Trolley Plaza Garage

1.21 miles

Detroit Opera Lot

1.25 miles

Federal Parking Lot 1

1.33 miles

Ford Field Parking Deck

1.34 miles

Griswold Capitol Park

1.41 miles

Hollywood Casino at Greektown Express Valet Garage

1.54 miles

Student Parking Lot I

5.82 miles

El Moore

0.20 miles

Viking Motel

0.58 miles

Hostel Detroit

0.87 miles

The Cochrane House

0.98 miles

Pinkinn Motel

1.20 miles

Shinola Hotel

1.33 miles

Hilton Garden Inn Detroit Downtown

1.41 miles

Detroit Marriott at the Renaissance Center

1.91 miles

Town Motel

2.09 miles

Crest Motel

2.33 miles

Starter's Bar and Grille

0.59 miles

Bellacino's

1.46 miles

Brome Modern Eatery

1.58 miles

Locos

1.61 miles

Mike's Famous Ham Place

1.68 miles

Detroit Made Market

1.75 miles

La Noria Bistrot

2.43 miles

Apollo Coney Island

2.48 miles

Estilo Casero

3.51 miles

McDonald's

5.72 miles

Physics and Astronomy Building

0.52 miles

WSU Applebaum College of Pharmacy and Health Sciences

0.64 miles

Ecumenical Theological Seminary

0.70 miles

WSU School of Medicine

0.82 miles

College for Creative Studies

1.06 miles

University of Detroit Mercy Corktown Campus

1.11 miles

Grand Valley State University Detroit Center

1.19 miles

College for Creative Studies Taubman Campus

1.50 miles

Wayne County Community College Downtown Campus

1.55 miles

University of Detroit Mercy Law School

1.83 miles

Midtown KinderCare

0.78 miles

Matrix Headstart

1.34 miles

Vista's Nuevas Headstart Gasper Fiore Center

1.97 miles

Henry Ford Kids Child Care Center

1.99 miles

Angel Land Child & Parent Center

2.48 miles

Sha-Sha's Kiddy Korner

3.06 miles

Matrix Head Start Infinity II

4.18 miles

Sunnybrook Day Nursery

5.53 miles

The Clifton Daycare and Development Center

6.03 miles

Fleming Early Learning Neighborhood Center

6.85 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

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

  • Property Tax in 2021 $77,373
  • Market Value* $1,790,200
  • Assessed Value $1,790,200

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 Industry Detroit?

Industry Detroit totals 120,000 square feet.

When was this property built?

Industry Detroit was built in 2023.

What is the property tax for Industry Detroit?

The property tax for Industry Detroit in 2021 was $77,373.

What is the market value for Industry Detroit?

The market value* for Industry Detroit in 2021 was $1,790,200.
*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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