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First National Building

Off-Market

660 Woodward Avenue, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 850,420 SF
  • Lot Size 1.08 Acre
  • Parking Spaces Avail. 501
  • Parking Ratio 0.59/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified Silver
  • Building Class A
  • Year Built 1928

Location

  • Walk Score ® Walker's Paradise (98)
  • Transit Score ® Excellent Transit (85)
  • Bike Score ® Bikeable (64)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Congress Street

0.10 miles

Campus Martius

0.12 miles

Campus Martius

0.15 miles

Cadillac Center

0.18 miles

Financial District

0.19 miles

Millender Center

0.19 miles

Bricktown

0.27 miles

Greektown

0.28 miles

Renaissance Center

0.29 miles

Huntington Place

0.31 miles

Mobil

0.37 miles

Beaubien Place Garage

0.40 miles

Speedway

0.46 miles

Bedrock Kahn Garage

0.54 miles

Bedrock John R 1

0.93 miles

Marathon

0.96 miles

Mobil

1.03 miles

Bedrock Corktown

1.16 miles

Marathon

1.25 miles

Bedrock QLDC 2

1.27 miles

Ally Detroit Center Garage

0.08 miles

Two Detroit Center Garage

0.11 miles

1001 Woodward Garage

0.15 miles

Griswold/Larned Garage

0.16 miles

Financial District Garage

0.17 miles

One Campus Martius Garage

0.17 miles

Ford Underground Parking

0.18 miles

Greektown Garage

0.20 miles

Griswold Capitol Park

0.20 miles

Brush & Congress Lot

0.21 miles

Courtyard by Marriott Detroit Downtown

0.21 miles

Courtyard

0.21 miles

Atheneum Suite Hotel

0.24 miles

The Westin Book Cadillac Detroit

0.25 miles

Detroit Foundation Hotel

0.25 miles

Crowne Plaza Detroit Downtown Riverfront

0.25 miles

Hotel Indigo Detroit Downtown

0.26 miles

Shinola Hotel

0.27 miles

Hilton Garden Inn Detroit Downtown

0.33 miles

Detroit Marriott at the Renaissance Center

0.33 miles

Central Kitchen + Bar

0.02 miles

Shake Shack

0.03 miles

Bangkok Crossing

0.04 miles

Woodward Coney

0.04 miles

Lunch Time Global

0.04 miles

Subway

0.05 miles

BESA

0.05 miles

Cadillac Square Diner

0.07 miles

Townhouse

0.07 miles

Parc

0.08 miles

Jessie C Kennedy Institute

0.13 miles

Michigan Institute for Construction Trades

0.21 miles

University of Detroit Mercy Law School

0.40 miles

Grand Valley State University Detroit Center

0.47 miles

Woodward Academy

0.58 miles

Wayne County Community College Downtown Campus

0.69 miles

Walter P. Chrysler Elementary School

0.78 miles

Most Holy Trinity School

0.82 miles

Cass Technical High School

0.96 miles

Ecumenical Theological Seminary

1.05 miles

Midtown KinderCare

1.28 miles

Matrix Headstart

1.94 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.51 miles

Kingdom Care Learning Center

2.70 miles

Sha-Sha's Kiddy Korner

2.80 miles

Henry Ford Kids Child Care Center

3.52 miles

Angel Land Child & Parent Center

4.06 miles

Matrix Head Start Infinity II

4.33 miles

Advanced Technology Academy Pre-K & Business Office

6.24 miles

The Clifton Daycare and Development Center

6.97 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 23 Aug, 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.

  • 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 $3,258,200
  • Current Tax $327,264
  • Market Value* $75,385,000
  • Assessed Value $75,385,000

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 First National Building?

First National Building totals 850,420 square feet.

When was this property built?

First National Building was built in 1928.

When was First National Building last sold?

First National Building was last sold on 23 Aug, 2011.

What is the market value for First National Building?

The market value* for First National Building in 2021 was $75,385,000.
*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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