Detroit Savings Bank Building

Off-Market

12 State Street, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 126,000 SF
  • Lot Size 0.2 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1895

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 20 Mar, 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

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise
  • Transit Score ®

    86/100 Excellent Transit
  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Campus Martius

    0.06 miles

  • Cadillac Center

    0.14 miles

  • Broadway

    0.19 miles

  • Times Square

    0.19 miles

  • Michigan

    0.20 miles

  • Grand Circus Park

    0.23 miles

  • Fort/Cass

    0.26 miles

  • Congress Street

    0.26 miles

  • Financial District

    0.30 miles

  • Huntington Place

    0.33 miles

  • Mobil

    0.31 miles

  • Bedrock Kahn Garage

    0.46 miles

  • Beaubien Place Garage

    0.60 miles

  • Speedway

    0.61 miles

  • Bedrock John R 1

    0.77 miles

  • Marathon

    0.88 miles

  • Bedrock Corktown

    1.08 miles

  • Marathon

    1.09 miles

  • Bedrock QLDC 2

    1.16 miles

  • Bedrock QLDC 1

    1.16 miles

  • 1001 Woodward Garage

    0.05 miles

  • Griswold Capitol Park

    0.06 miles

  • Lofts of Merchants Row Garage

    0.07 miles

  • Griswold Parking

    0.11 miles

  • Financial District Garage

    0.13 miles

  • One Campus Martius Garage

    0.16 miles

  • Z Garage

    0.16 miles

  • Trolley Plaza Garage

    0.18 miles

  • Detroit Opera House Parking Center

    0.23 miles

  • 1370 Cass Lot

    0.24 miles

  • The Westin Book Cadillac Detroit

    0.10 miles

  • Shinola Hotel

    0.11 miles

  • Hotel Indigo Detroit Downtown

    0.14 miles

  • Aloft Detroit at The David Whitney

    0.21 miles

  • Hilton Garden Inn Detroit Downtown

    0.28 miles

  • Leland Hotel

    0.30 miles

  • Detroit Foundation Hotel

    0.31 miles

  • Atheneum Suite Hotel

    0.31 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.32 miles

  • Fort Shelby Hotel

    0.33 miles

  • La Lanterna

    0.02 miles

  • Go Sy Thai

    0.03 miles

  • Prime + Proper

    0.04 miles

  • The Hudson Cafe

    0.04 miles

  • Slices

    0.05 miles

  • Calexico

    0.06 miles

  • Leila

    0.07 miles

  • Bellacino's

    0.08 miles

  • Freshii

    0.08 miles

  • Texas De Brazil

    0.08 miles

  • Michigan Institute for Construction Trades

    0.05 miles

  • Jessie C Kennedy Institute

    0.12 miles

  • Grand Valley State University Detroit Center

    0.33 miles

  • University of Detroit Mercy Law School

    0.55 miles

  • Wayne County Community College Downtown Campus

    0.64 miles

  • Woodward Academy

    0.64 miles

  • Most Holy Trinity School

    0.69 miles

  • Cass Technical High School

    0.77 miles

  • Walter P. Chrysler Elementary School

    0.86 miles

  • Ecumenical Theological Seminary

    0.88 miles

  • Midtown KinderCare

    1.13 miles

  • Matrix Headstart

    1.82 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.37 miles

  • Kingdom Care Learning Center

    2.54 miles

  • Sha-Sha's Kiddy Korner

    2.81 miles

  • Henry Ford Kids Child Care Center

    3.33 miles

  • Angel Land Child & Parent Center

    3.87 miles

  • Matrix Head Start Infinity II

    4.31 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.08 miles

  • The Clifton Daycare and Development Center

    6.86 miles

Frequently Asked Questions

What is the total square footage of Detroit Savings Bank Building?

Detroit Savings Bank Building totals 126,000 square feet.

When was this property built?

Detroit Savings Bank Building was built in 1895.

When was Detroit Savings Bank Building last sold?

Detroit Savings Bank Building was last sold on 20 Mar, 2014.

What is the market value for Detroit Savings Bank Building?

The market value* for Detroit Savings Bank Building in 2021 was $895,600.
*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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