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Detroit Media Partnership Building

Off-Market

615 West Lafayette Blvd, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 311,787 SF
  • Lot Size 2.44 Acre
  • Parking Spaces Avail. 598
  • Parking Ratio 1.92 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1917

Location

  • Walk Score ® Walker's Paradise (90)
  • Transit Score ® Excellent Transit (85)
  • Bike Score ® Very Bikeable (80)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Fort/Cass

0.15 miles

Huntington Place

0.21 miles

Times Square

0.36 miles

Financial District

0.37 miles

Campus Martius

0.42 miles

Congress Street

0.44 miles

Cadillac Center

0.53 miles

Broadway

0.56 miles

Renaissance Center

0.72 miles

Greektown

0.72 miles

Bedrock Kahn Garage

0.07 miles

Bedrock Corktown

0.69 miles

Bedrock QLDC 2

0.81 miles

Beaubien Place Garage

0.81 miles

Speedway

0.92 miles

Wayne State University - Lot #50

2.05 miles

Wayne State University - Parking Structure #6

2.08 miles

Wayne State University - Parking Structure #5

2.27 miles

Detroit Pistons Performance Center

2.69 miles

Citgo

3.36 miles

Downtown Garage

0.21 miles

Ford Field Lot 5

0.93 miles

Ford Field Parking Deck

0.97 miles

Orchestra Place Parking Deck

1.35 miles

Mario's Valet Lot

1.61 miles

WSU Lot 60

1.86 miles

WSU Lot 57

2.02 miles

Parking Structure 5

2.30 miles

Parking Structure

4.84 miles

FCA Employee Parking

5.17 miles

DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

0.08 miles

Detroit Foundation Hotel

0.28 miles

The Westin Book Cadillac Detroit

0.29 miles

Leland Hotel

0.36 miles

Wright Hotel

0.62 miles

Hilton Garden Inn Detroit Downtown

0.68 miles

Detroit Marriott at the Renaissance Center

0.72 miles

Viking Motel

0.88 miles

The Inn at 97 Winder

0.90 miles

The Cochrane House

0.93 miles

Detroit Made Market

0.35 miles

Jimmy John's

0.37 miles

Downtown Louie's

0.47 miles

Onassis Coney Island

0.71 miles

McDonald's

1.67 miles

Seva

1.86 miles

Flowers of Vietnam

2.26 miles

Wendy's

3.98 miles

Wendy's

5.14 miles

Burger King

5.92 miles

Wayne County Community College Downtown Campus

0.24 miles

Grand Valley State University Detroit Center

0.68 miles

University of Detroit Mercy Law School

0.87 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.42 miles

University of Detroit Mercy Corktown Campus

1.80 miles

Physics and Astronomy Building

1.93 miles

Wayne State University

2.17 miles

College for Creative Studies

2.33 miles

College for Creative Studies Taubman Campus

2.90 miles

Immaculate Conception School

3.62 miles

Midtown KinderCare

1.39 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.06 miles

Matrix Headstart

2.13 miles

Kingdom Care Learning Center

2.74 miles

Sha-Sha's Kiddy Korner

3.21 miles

Angel Land Child & Parent Center

3.88 miles

Matrix Head Start Infinity II

4.69 miles

Sunnybrook Day Nursery

6.86 miles

The Clifton Daycare and Development Center

7.16 miles

Fleming Early Learning Neighborhood Center

7.61 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 08 Jul, 2014
  • 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

Tax

  • Base Tax $383,852
  • Current Tax $72,696
  • Market Value* $8,881,200
  • Assessed Value $8,881,200

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 Detroit Media Partnership Building?

Detroit Media Partnership Building totals 311,787 square feet.

When was this property built?

Detroit Media Partnership Building was built in 1917.

When was Detroit Media Partnership Building last sold?

Detroit Media Partnership Building was last sold on 08 Jul, 2014.

What is the market value for Detroit Media Partnership Building?

The market value* for Detroit Media Partnership Building in 2021 was $8,881,200.
*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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