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985 Michigan Avenue

Off-Market

985 Michigan Avenue, Detroit, MI 48226

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  • Property Type Office - Government Office
  • Property Size 484,000 SF
  • Lot Size 4.06 Acre
  • Parking Spaces Avail. 851
  • Parking Ratio 1.76 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 1995

Location

  • Walk Score ® Very Walkable (78)
  • Transit Score ® Excellent Transit (82)
  • Bike Score ® Very Bikeable (87)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Fort/Cass

0.41 miles

Huntington Place

0.50 miles

Campus Martius

0.59 miles

Broadway

0.63 miles

Financial District

0.64 miles

Montcalm Street

0.65 miles

Cadillac Center

0.68 miles

Congress Street

0.69 miles

Adelaide Street

0.76 miles

Sproat Street

0.79 miles

Bedrock Kahn Garage

0.28 miles

Bedrock Corktown

0.61 miles

Bedrock QLDC 1

0.63 miles

Bedrock QLDC 2

0.63 miles

Beaubien Place Garage

1.07 miles

Wayne State University - Lot #50

1.78 miles

Wayne State University - Parking Structure #6

1.86 miles

Wayne State University - Parking Structure #5

2.01 miles

Mobil

3.67 miles

Citgo

6.04 miles

Detroit Public Safety Headquarters Visitor Parking

0.05 miles

1009 Cass Garage

0.35 miles

240 W Adams Lot

0.39 miles

SOMA Parking

1.08 miles

DMC South Deck

1.36 miles

DMC Central Deck

1.38 miles

WSU Lot 57

1.83 miles

Lot 30

2.04 miles

John R Lot

2.62 miles

HFHS Patient Employee Garage

2.91 miles

MGM Grand Detroit Hotel

0.13 miles

Leland Hotel

0.30 miles

Wright Hotel

0.52 miles

Viking Motel

0.61 miles

Atheneum Suite Hotel

0.85 miles

The Winder Street Inn

0.87 miles

Hostel Detroit

0.88 miles

El Moore

1.28 miles

Crest Motel

1.69 miles

Comfort Inn

1.70 miles

Mudgie's

0.21 miles

Nemo's Bar & Grill

0.34 miles

Parks & Rec

0.34 miles

Tropical Smoothie Cafe

0.54 miles

Cornerstone Barrel House

0.57 miles

Detroit Made Market

0.65 miles

Central Kitchen + Bar

0.67 miles

Townhouse

0.70 miles

Selden Standard

1.21 miles

Kirchenwirt

1.30 miles

Wayne County Community College Downtown Campus

0.37 miles

Grand Valley State University Detroit Center

0.70 miles

University of Detroit Mercy Law School

1.08 miles

University of Detroit Mercy Corktown Campus

1.51 miles

University Tower

1.54 miles

WSU School of Medicine

1.67 miles

Wayne State University

1.92 miles

College for Creative Studies

2.13 miles

Palmer Institute

2.16 miles

College for Creative Studies Taubman Campus

2.67 miles

Vista's Nuevas Headstart Gasper Fiore Center

1.83 miles

Matrix Headstart

2.02 miles

Kingdom Care Learning Center

2.53 miles

Sha-Sha's Kiddy Korner

3.26 miles

Angel Land Child & Parent Center

3.58 miles

Matrix Head Start Infinity II

4.68 miles

Advanced Technology Academy Pre-K & Business Office

5.55 miles

The Clifton Daycare and Development Center

7.02 miles

Growing Minds Learning Center

7.75 miles

New Life Head Start

7.98 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 14 May, 2015
  • 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.

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

Tax

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 985 Michigan Avenue?

985 Michigan Avenue totals 484,000 square feet.

When was this property built?

985 Michigan Avenue was built in 1995.

When was 985 Michigan Avenue last sold?

985 Michigan Avenue was last sold on 14 May, 2015.

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