Chase Tower

Off-Market

611 Woodward Avenue, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 547,214 SF
  • Lot Size 0.84 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1958

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 11 Apr, 2011
  • 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 ®

    99/100 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

    0.08 miles

  • Campus Martius

    0.12 miles

  • Financial District

    0.13 miles

  • Cadillac Center

    0.22 miles

  • Huntington Place

    0.23 miles

  • Fort/Cass

    0.24 miles

  • Millender Center

    0.25 miles

  • Michigan

    0.28 miles

  • Renaissance Center

    0.34 miles

  • Times Square

    0.35 miles

  • Mobil

    0.29 miles

  • Beaubien Place Garage

    0.46 miles

  • Bedrock Kahn Garage

    0.46 miles

  • Speedway

    0.53 miles

  • Marathon

    0.88 miles

  • Bedrock John R 1

    0.95 miles

  • Bedrock Corktown

    1.08 miles

  • Mobil

    1.11 miles

  • Marathon

    1.18 miles

  • Bedrock QLDC 2

    1.20 miles

  • Griswold/Larned Garage

    0.10 miles

  • Financial District Garage

    0.11 miles

  • Ally Detroit Center Garage

    0.13 miles

  • 1001 Woodward Garage

    0.14 miles

  • Griswold Capitol Park

    0.16 miles

  • Two Detroit Center Garage

    0.17 miles

  • Ford Underground Parking

    0.20 miles

  • Downtown Garage

    0.20 miles

  • One Campus Martius Garage

    0.22 miles

  • Huntington Place Washington Blvd. Garage

    0.23 miles

  • Detroit Foundation Hotel

    0.17 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.18 miles

  • The Westin Book Cadillac Detroit

    0.20 miles

  • Hotel Indigo Detroit Downtown

    0.20 miles

  • Courtyard

    0.27 miles

  • Courtyard by Marriott Detroit Downtown

    0.27 miles

  • Shinola Hotel

    0.28 miles

  • Atheneum Suite Hotel

    0.32 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.32 miles

  • Fort Shelby Hotel

    0.32 miles

  • Which Wich?

    0.03 miles

  • Food Carnival

    0.04 miles

  • Potbelly

    0.04 miles

  • Jimmy John's

    0.05 miles

  • Shake Shack

    0.05 miles

  • Bangkok Crossing

    0.05 miles

  • Woodward Coney

    0.06 miles

  • BESA

    0.06 miles

  • Kwench Juice Cafe

    0.07 miles

  • Dime Store

    0.07 miles

  • Jessie C Kennedy Institute

    0.08 miles

  • Michigan Institute for Construction Trades

    0.18 miles

  • University of Detroit Mercy Law School

    0.48 miles

  • Grand Valley State University Detroit Center

    0.50 miles

  • Wayne County Community College Downtown Campus

    0.61 miles

  • Woodward Academy

    0.66 miles

  • Most Holy Trinity School

    0.75 miles

  • Walter P. Chrysler Elementary School

    0.86 miles

  • Cass Technical High School

    0.93 miles

  • Ecumenical Theological Seminary

    1.06 miles

  • Midtown KinderCare

    1.31 miles

  • Matrix Headstart

    1.98 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.44 miles

  • Kingdom Care Learning Center

    2.72 miles

  • Sha-Sha's Kiddy Korner

    2.88 miles

  • Henry Ford Kids Child Care Center

    3.52 miles

  • Angel Land Child & Parent Center

    4.04 miles

  • Matrix Head Start Infinity II

    4.40 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.17 miles

  • The Clifton Daycare and Development Center

    7.01 miles

Frequently Asked Questions

What is the total square footage of Chase Tower?

Chase Tower totals 547,214 square feet.

When was this property built?

Chase Tower was built in 1958.

When was Chase Tower last sold?

Chase Tower was last sold on 11 Apr, 2011.

What is the market value for Chase Tower?

The market value* for Chase Tower in 2022 was $40,968,200.

*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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