Brewery Park - Phase I

Off-Market

1333 Gratiot Avenue, Detroit, MI 48201

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 147,665 SF
  • Lot Size 7.26 Acre
  • Parking Spaces Avail. 333
  • Parking Ratio 2.26 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

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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Brokers

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Documents

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Sales

  • Purchase Date 30 Oct, 2006
  • 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.

  • 2021 Avg. Asking Rent $26.33
  • 2021 Office Vacancy Rate 10.13%
  • 2021 Office Completions (SF) 110,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Middle East Central
  • Zip Code 48201
  • Market Detroit

Points of Interest

  • Greektown

    0.61 miles

  • Montcalm Street

    0.68 miles

  • Broadway

    0.68 miles

  • Bricktown

    0.68 miles

  • Adelaide Street

    0.70 miles

  • Grand Circus Park

    0.70 miles

  • Cadillac Center

    0.73 miles

  • Sproat Street

    0.73 miles

  • Campus Martius

    0.83 miles

  • Times Square

    0.90 miles

  • BP

    0.61 miles

  • Bedrock John R 1

    0.63 miles

  • Exxon

    0.69 miles

  • Speedway

    0.76 miles

  • Mobil

    0.85 miles

  • Beaubien Place Garage

    0.98 miles

  • Shell

    0.99 miles

  • Mobil

    1.16 miles

  • Marathon

    1.22 miles

  • Bedrock Kahn Garage

    1.30 miles

  • Ford Field Lot 6

    0.25 miles

  • Ford Field Parking Deck

    0.27 miles

  • Eastern Market parking garage

    0.33 miles

  • Ford Field Lot 4

    0.34 miles

  • Prime Parking Lot 1

    0.40 miles

  • Ford Field Lot 5

    0.41 miles

  • 1500 Beaubien Lot

    0.44 miles

  • Eastern Market Lot #8

    0.45 miles

  • Hollywood Casino at Greektown Parking

    0.47 miles

  • Tigers/Lions Parking Garage

    0.47 miles

  • Hollywood Casino at Greektown

    0.50 miles

  • The Winder Street Inn

    0.52 miles

  • The Cochrane House

    0.53 miles

  • Hilton Garden Inn Detroit Downtown

    0.57 miles

  • The Inn at 97 Winder

    0.61 miles

  • Atheneum Suite Hotel

    0.65 miles

  • Aloft Detroit at The David Whitney

    0.75 miles

  • Shinola Hotel

    0.75 miles

  • Rivertown Inn & Suites

    0.79 miles

  • Wright Hotel

    0.81 miles

  • Stache International

    0.12 miles

  • Supino Pizzeria

    0.15 miles

  • Russell Street Deli

    0.15 miles

  • Zef's Coney Island

    0.16 miles

  • Beyond Juice and Eatery

    0.19 miles

  • Casings & Twine

    0.22 miles

  • Jose’s Tacos

    0.23 miles

  • BB's Butcher's Inn

    0.24 miles

  • Farmer's Restaurant

    0.25 miles

  • Cutter's

    0.37 miles

  • Woodward Academy

    0.44 miles

  • Walter P. Chrysler Elementary School

    0.48 miles

  • Grand Valley State University Detroit Center

    0.58 miles

  • University Prep Science & Math Elementary - Sidney D. Miller Campus

    0.60 miles

  • DEPSA Primary Academy

    0.60 miles

  • University of Detroit Mercy Law School

    0.73 miles

  • Ecumenical Theological Seminary

    0.76 miles

  • Bunche Preparatory Academy

    0.84 miles

  • Michigan Institute for Construction Trades

    0.89 miles

  • WSU Applebaum College of Pharmacy and Health Sciences

    0.92 miles

  • Midtown KinderCare

    0.78 miles

  • Matrix Headstart

    1.18 miles

  • Sha-Sha's Kiddy Korner

    1.98 miles

  • Kingdom Care Learning Center

    2.11 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    3.01 miles

  • Henry Ford Kids Child Care Center

    3.09 miles

  • Matrix Head Start Infinity II

    3.46 miles

  • Angel Land Child & Parent Center

    3.81 miles

  • The Clifton Daycare and Development Center

    6.13 miles

  • Fleming Early Learning Neighborhood Center

    6.41 miles

Frequently Asked Questions

What is the total square footage of Brewery Park - Phase I?

Brewery Park - Phase I totals 147,665 square feet.

When was this property built?

Brewery Park - Phase I was built in 1987.

When was Brewery Park - Phase I last sold?

Brewery Park - Phase I was last sold on 30 Oct, 2006.

What is the property tax for Brewery Park - Phase I?

The property tax for Brewery Park - Phase I in 2021 was $334,961.

What is the market value for Brewery Park - Phase I?

The market value* for Brewery Park - Phase I in 2021 was $7,750,000.
*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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