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Ally Detroit Center

Off-Market

500 Woodward Avenue, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 979,489 SF
  • Lot Size 4.05 Acre
  • Parking Spaces Avail. 1958
  • Parking Ratio 2.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified
  • Building Class A
  • Year Built 1991

Location

  • Walk Score ® Walker's Paradise (97)
  • Transit Score ® Excellent Transit (85)
  • Bike Score ® Bikeable (62)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Congress Street

0.04 miles

Financial District

0.13 miles

Millender Center

0.15 miles

Campus Martius

0.19 miles

Campus Martius

0.22 miles

Renaissance Center

0.25 miles

Cadillac Center

0.26 miles

Huntington Place

0.28 miles

Bricktown

0.30 miles

Fort/Cass

0.32 miles

Beaubien Place Garage

0.36 miles

Mobil

0.37 miles

Speedway

0.46 miles

Bedrock Kahn Garage

0.54 miles

Marathon

0.95 miles

Bedrock John R 1

1.01 miles

Mobil

1.04 miles

Bedrock Corktown

1.15 miles

Marathon

1.28 miles

Bedrock QLDC 2

1.28 miles

Ally Detroit Center Garage

0.05 miles

Two Detroit Center Garage

0.09 miles

Ford Underground Parking

0.11 miles

Griswold/Larned Garage

0.11 miles

Financial District Garage

0.20 miles

Brush & Congress Lot

0.21 miles

1001 Woodward Garage

0.22 miles

Blue Cross Jefferson Garage

0.22 miles

TCF Center Atwater Garage

0.23 miles

Center Garage

0.23 miles

Courtyard

0.18 miles

Courtyard by Marriott Detroit Downtown

0.18 miles

Crowne Plaza Detroit Downtown Riverfront

0.21 miles

Detroit Foundation Hotel

0.21 miles

Detroit Marriott at the Renaissance Center

0.27 miles

The Westin Book Cadillac Detroit

0.30 miles

Atheneum Suite Hotel

0.30 miles

Hotel Indigo Detroit Downtown

0.30 miles

Shinola Hotel

0.35 miles

Hilton Garden Inn Detroit Downtown

0.40 miles

Townhouse

0.01 miles

BESA

0.04 miles

Lunch Time Global

0.04 miles

Subway

0.05 miles

Woodward Coney

0.05 miles

Bangkok Crossing

0.06 miles

Shake Shack

0.09 miles

Central Kitchen + Bar

0.09 miles

Domino's

0.10 miles

Jimmy John's

0.10 miles

Jessie C Kennedy Institute

0.17 miles

Michigan Institute for Construction Trades

0.27 miles

University of Detroit Mercy Law School

0.41 miles

Grand Valley State University Detroit Center

0.55 miles

Woodward Academy

0.62 miles

Wayne County Community College Downtown Campus

0.68 miles

Walter P. Chrysler Elementary School

0.81 miles

Most Holy Trinity School

0.85 miles

Cass Technical High School

1.03 miles

Ecumenical Theological Seminary

1.13 miles

Midtown KinderCare

1.36 miles

Matrix Headstart

2.02 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.52 miles

Kingdom Care Learning Center

2.78 miles

Sha-Sha's Kiddy Korner

2.85 miles

Henry Ford Kids Child Care Center

3.60 miles

Angel Land Child & Parent Center

4.14 miles

Matrix Head Start Infinity II

4.39 miles

Advanced Technology Academy Pre-K & Business Office

6.26 miles

The Clifton Daycare and Development Center

7.04 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 02 Apr, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity 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 $5,993,540
  • Current Tax $4,015,402
  • Market Value* $138,672,600
  • Assessed Value $138,672,600

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 Ally Detroit Center?

Ally Detroit Center totals 979,489 square feet.

When was this property built?

Ally Detroit Center was built in 1991.

When was Ally Detroit Center last sold?

Ally Detroit Center was last sold on 02 Apr, 2015.

What is the market value for Ally Detroit Center?

The market value* for Ally Detroit Center in 2021 was $138,672,600.
*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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