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Federal Reserve Building

Off-Market

160 West Fort Street, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 144,688 SF
  • Lot Size 0.57 Acre
  • Parking Spaces Avail. 1072
  • Parking Ratio 7.41 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1927

Location

  • Walk Score ® Walker's Paradise (96)
  • Transit Score ® Excellent Transit (86)
  • Bike Score ® Bikeable (67)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Fort/Cass

0.09 miles

Michigan

0.14 miles

Congress Street

0.22 miles

Broadway

0.36 miles

Grand Circus Park

0.38 miles

West Riverfront

0.38 miles

Bricktown

0.49 miles

Adelaide Street

0.78 miles

Sproat Street

0.84 miles

Checker Cab #977

1.16 miles

Bedrock Kahn Garage

0.32 miles

Bedrock John R 1

0.92 miles

Bedrock QLDC 2

1.05 miles

Bedrock QLDC 1

1.05 miles

Wayne State University - Parking Structure #8

1.75 miles

Wayne State University - Lot #50

2.07 miles

Wayne State University - Parking Structure #5

2.27 miles

BP

2.60 miles

Detroit Pistons Performance Center

2.69 miles

Citgo

3.53 miles

401 Gratiot

0.49 miles

ODM Lot E

0.52 miles

200 W Columbia Lot

0.54 miles

64 Peterboro

1.10 miles

Two James Spirits Parking

1.50 miles

4730 Cass

1.83 miles

Kresge Parking Deck

1.89 miles

WSU Lot 59

1.97 miles

WSU Lot 33

2.35 miles

HFHS Staff Garge

3.25 miles

Fort Shelby Hotel

0.18 miles

Courtyard by Marriott Detroit Downtown

0.42 miles

Atheneum Suite Hotel

0.44 miles

The Winder Street Inn

0.79 miles

Trumbell and Porter

0.80 miles

Viking Motel

0.94 miles

Hostel Detroit

1.35 miles

El Moore

1.52 miles

Roberts Riverwalk Hotel

1.83 miles

Crest Motel

2.04 miles

Subway

0.10 miles

Shake Shack

0.19 miles

Detroit Made Market

0.29 miles

Buffalo Wild Wings

0.37 miles

Nikki's Pizzeria

0.46 miles

Joe Muer Seafood

0.49 miles

Sgt. Pepperoni's

1.52 miles

Zo's Good Burger

3.00 miles

Cuisine

3.12 miles

Las Cazuelas

3.57 miles

Wayne County Community College Downtown Campus

0.48 miles

Grand Valley State University Detroit Center

0.50 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.33 miles

University Tower

1.72 miles

WSU School of Medicine

1.75 miles

Physics and Astronomy Building

1.92 miles

University of Detroit Mercy Corktown Campus

1.97 miles

Martin Luther King High School

2.05 miles

Wayne State University

2.16 miles

College for Creative Studies Taubman Campus

2.88 miles

Matrix Headstart

1.99 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.29 miles

Kingdom Care Learning Center

2.68 miles

Sha-Sha's Kiddy Korner

2.98 miles

Henry Ford Kids Child Care Center

3.44 miles

Advanced Technology Academy Pre-K & Business Office

6.01 miles

The Clifton Daycare and Development Center

7.03 miles

Growing Minds Learning Center

7.39 miles

Fleming Early Learning Neighborhood Center

7.42 miles

New Life Head Start

7.71 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 01 Feb, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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 $666,326
  • Current Tax $60,010
  • Market Value* $15,416,800
  • Assessed Value $15,416,800

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 Federal Reserve Building?

Federal Reserve Building totals 144,688 square feet.

When was this property built?

Federal Reserve Building was built in 1927.

When was Federal Reserve Building last sold?

Federal Reserve Building was last sold on 01 Feb, 2012.

What is the market value for Federal Reserve Building?

The market value* for Federal Reserve Building in 2021 was $15,416,800.
*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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