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1001 Woodward Avenue

Off-Market

1001 Woodward Avenue, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 319,686 SF
  • Lot Size 0.51 Acre
  • Parking Spaces Avail. 728
  • Parking Ratio 2.28/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1965

Location

  • Walk Score ® Walker's Paradise (97)
  • 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

Campus Martius

0.02 miles

Campus Martius

0.04 miles

Cadillac Center

0.13 miles

Congress Street

0.19 miles

Broadway

0.23 miles

Michigan

0.23 miles

Financial District

0.24 miles

Times Square

0.25 miles

Fort/Cass

0.25 miles

Huntington Place

0.30 miles

Mobil

0.31 miles

Bedrock Kahn Garage

0.47 miles

Beaubien Place Garage

0.53 miles

Speedway

0.56 miles

Bedrock John R 1

0.83 miles

Marathon

0.90 miles

Bedrock Corktown

1.09 miles

Mobil

1.12 miles

Marathon

1.14 miles

Bedrock QLDC 2

1.19 miles

1001 Woodward Garage

0.02 miles

Griswold Capitol Park

0.08 miles

Financial District Garage

0.10 miles

Lofts of Merchants Row Garage

0.14 miles

One Campus Martius Garage

0.14 miles

Griswold Parking

0.18 miles

Z Garage

0.18 miles

Ally Detroit Center Garage

0.21 miles

Griswold/Larned Garage

0.22 miles

Greektown Garage

0.23 miles

The Westin Book Cadillac Detroit

0.13 miles

Hotel Indigo Detroit Downtown

0.16 miles

Shinola Hotel

0.16 miles

Detroit Foundation Hotel

0.26 miles

Aloft Detroit at The David Whitney

0.28 miles

Atheneum Suite Hotel

0.28 miles

Crowne Plaza Detroit Downtown Riverfront

0.29 miles

Hilton Garden Inn Detroit Downtown

0.29 miles

DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

0.33 miles

Courtyard by Marriott Detroit Downtown

0.33 miles

Freshii

0.02 miles

Bellacino's

0.02 miles

Slices

0.03 miles

Texas De Brazil

0.03 miles

Calexico

0.06 miles

Parc

0.06 miles

American Coney Island

0.07 miles

Potbelly

0.08 miles

Lafayette Coney Island

0.08 miles

Dime Store

0.08 miles

Jessie C Kennedy Institute

0.07 miles

Michigan Institute for Construction Trades

0.08 miles

Grand Valley State University Detroit Center

0.38 miles

University of Detroit Mercy Law School

0.50 miles

Woodward Academy

0.62 miles

Wayne County Community College Downtown Campus

0.64 miles

Most Holy Trinity School

0.72 miles

Walter P. Chrysler Elementary School

0.84 miles

Cass Technical High School

0.84 miles

Ecumenical Theological Seminary

0.94 miles

Midtown KinderCare

1.19 miles

Matrix Headstart

1.87 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.41 miles

Kingdom Care Learning Center

2.60 miles

Sha-Sha's Kiddy Korner

2.81 miles

Henry Ford Kids Child Care Center

3.40 miles

Angel Land Child & Parent Center

3.94 miles

Matrix Head Start Infinity II

4.32 miles

Advanced Technology Academy Pre-K & Business Office

6.13 miles

The Clifton Daycare and Development Center

6.90 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 04 Apr, 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.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (SF) 63,500
View more Detroit market trends

Tax

  • Base Tax $842,969
  • Current Tax $179,777
  • Market Value* $19,503,800
  • Assessed Value $19,503,800

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 1001 Woodward Avenue?

1001 Woodward Avenue totals 319,686 square feet.

When was this property built?

1001 Woodward Avenue was built in 1965.

When was 1001 Woodward Avenue last sold?

1001 Woodward Avenue was last sold on 04 Apr, 2014.

What is the market value for 1001 Woodward Avenue?

The market value* for 1001 Woodward Avenue in 2021 was $19,503,800.
*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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