Ally Detroit Center

Off-Market

500 Woodward Avenue, Detroit, MI 48226

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • 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

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.

  • 2022 Avg. Asking Rent $27.10
  • 2022 Office Vacancy Rate 25.71%
  • 2022 Office Completions (SF) 232,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise
  • Transit Score ®

    85/100 Excellent Transit
  • Bike Score ®

    62/100 Bikeable
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

  • Renaissance Center

    0.25 miles

  • Cadillac Center

    0.26 miles

  • Huntington Place

    0.28 miles

  • Bricktown

    0.30 miles

  • Fort/Cass

    0.32 miles

  • Greektown

    0.34 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

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 2022 was $159,037,200.
*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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