Buhl Building

Off-Market

535 Griswold Street, 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 385,144 SF
  • Lot Size 0.52 Acre
  • Parking Spaces Avail. 731
  • Parking Ratio 1.90 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1926

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 05 Dec, 2017
  • 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.

  • 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 ®

    96/100 Walker's Paradise
  • Transit Score ®

    86/100 Excellent Transit
  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Financial District

    0.05 miles

  • Congress Street

    0.07 miles

  • Huntington Place

    0.17 miles

  • Campus Martius

    0.19 miles

  • Fort/Cass

    0.22 miles

  • Millender Center

    0.26 miles

  • Michigan

    0.30 miles

  • Cadillac Center

    0.30 miles

  • Renaissance Center

    0.35 miles

  • Times Square

    0.40 miles

  • Mobil

    0.27 miles

  • Bedrock Kahn Garage

    0.43 miles

  • Beaubien Place Garage

    0.45 miles

  • Speedway

    0.57 miles

  • Marathon

    0.84 miles

  • Bedrock John R 1

    1.02 miles

  • Bedrock Corktown

    1.04 miles

  • Mobil

    1.14 miles

  • Bedrock QLDC 2

    1.17 miles

  • Bedrock QLDC 1

    1.18 miles

  • Griswold/Larned Garage

    0.03 miles

  • Financial District Garage

    0.14 miles

  • Ally Detroit Center Garage

    0.16 miles

  • TCF Center Atwater Garage

    0.16 miles

  • Downtown Garage

    0.16 miles

  • Huntington Place Washington Blvd. Garage

    0.16 miles

  • Ford Underground Parking

    0.18 miles

  • Two Detroit Center Garage

    0.20 miles

  • 441 W Fort

    0.21 miles

  • Griswold Capitol Park

    0.21 miles

  • Detroit Foundation Hotel

    0.11 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.11 miles

  • Hotel Indigo Detroit Downtown

    0.23 miles

  • The Westin Book Cadillac Detroit

    0.24 miles

  • Courtyard

    0.29 miles

  • Courtyard by Marriott Detroit Downtown

    0.29 miles

  • Fort Shelby Hotel

    0.30 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.30 miles

  • Shinola Hotel

    0.35 miles

  • Detroit Marriott at the Renaissance Center

    0.37 miles

  • Domino's

    0.01 miles

  • Jimmy John's

    0.03 miles

  • London Chop House

    0.04 miles

  • Anita's Kitchen

    0.05 miles

  • Which Wich?

    0.06 miles

  • The District Grill

    0.06 miles

  • Brome Modern Eatery

    0.08 miles

  • Food Carnival

    0.08 miles

  • Tropical Smoothie Cafe

    0.09 miles

  • Subway

    0.09 miles

  • Jessie C Kennedy Institute

    0.13 miles

  • Michigan Institute for Construction Trades

    0.23 miles

  • University of Detroit Mercy Law School

    0.52 miles

  • Wayne County Community College Downtown Campus

    0.57 miles

  • Grand Valley State University Detroit Center

    0.57 miles

  • Woodward Academy

    0.72 miles

  • Most Holy Trinity School

    0.75 miles

  • Walter P. Chrysler Elementary School

    0.92 miles

  • Cass Technical High School

    0.97 miles

  • Detroit Public Safety Academy

    1.08 miles

  • Midtown KinderCare

    1.38 miles

  • Matrix Headstart

    2.06 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.42 miles

  • Kingdom Care Learning Center

    2.79 miles

  • Sha-Sha's Kiddy Korner

    2.94 miles

  • Henry Ford Kids Child Care Center

    3.58 miles

  • Angel Land Child & Parent Center

    4.09 miles

  • Matrix Head Start Infinity II

    4.47 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.15 miles

  • The Clifton Daycare and Development Center

    7.09 miles

Frequently Asked Questions

What is the total square footage of Buhl Building?

Buhl Building totals 385,144 square feet.

When was this property built?

Buhl Building was built in 1926.

When was Buhl Building last sold?

Buhl Building was last sold on 05 Dec, 2017.

What is the market value for Buhl Building?

The market value* for Buhl Building in 2021 was $30,998,200.
*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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