GM Renaissance Center - Tower 500

Off-Market

500 Renaissance Center, Detroit, MI 48243

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 307,000 SF
  • Lot Size 2.29 Acre
  • Parking Spaces Avail. 1105
  • Parking Ratio 3.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1981

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 16 May, 1996
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • 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 ®

    76/100 Very Walkable
  • Transit Score ®

    81/100 Excellent Transit
  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48243
  • Market Detroit

Points of Interest

  • Renaissance Center

    0.11 miles

  • Millender Center

    0.20 miles

  • Bricktown

    0.28 miles

  • Greektown

    0.38 miles

  • Congress Street

    0.39 miles

  • Financial District

    0.46 miles

  • Cadillac Center

    0.48 miles

  • Campus Martius

    0.50 miles

  • Huntington Place

    0.62 miles

  • Broadway

    0.64 miles

  • Beaubien Place Garage

    0.07 miles

  • Speedway

    0.18 miles

  • Mobil

    0.72 miles

  • Mobil

    0.73 miles

  • Bedrock Kahn Garage

    0.89 miles

  • Shell

    0.98 miles

  • Bedrock John R 1

    1.19 miles

  • Marathon

    1.29 miles

  • BP

    1.43 miles

  • Bedrock Corktown

    1.49 miles

  • Port Atwater Garage

    0.04 miles

  • Franklin Deck

    0.07 miles

  • D-1 Lot

    0.11 miles

  • D-3 Lot

    0.12 miles

  • APG Parking

    0.13 miles

  • Blue Cross Jefferson Garage

    0.15 miles

  • D-4 Lot

    0.16 miles

  • D-2 Lot

    0.18 miles

  • GM Lot

    0.19 miles

  • Brush & Congress Lot

    0.21 miles

  • Detroit Marriott at the Renaissance Center

    0.13 miles

  • Courtyard

    0.18 miles

  • Courtyard by Marriott Detroit Downtown

    0.18 miles

  • Rivertown Inn & Suites

    0.31 miles

  • Atheneum Suite Hotel

    0.37 miles

  • Hollywood Casino at Greektown

    0.43 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.53 miles

  • Hilton Garden Inn Detroit Downtown

    0.54 miles

  • Detroit Foundation Hotel

    0.55 miles

  • Shinola Hotel

    0.61 miles

  • Potbelly

    0.09 miles

  • Highlands

    0.13 miles

  • Andiamo Detroit Riverfront

    0.16 miles

  • Applebee's

    0.17 miles

  • IHOP

    0.17 miles

  • Joe Muer Seafood

    0.19 miles

  • Mr. Steven's

    0.22 miles

  • Sweetwater Tavern

    0.23 miles

  • Clique Restaurant

    0.31 miles

  • Nikki's Pizzeria

    0.31 miles

  • University of Detroit Mercy Law School

    0.18 miles

  • Woodward Academy

    0.49 miles

  • Jessie C Kennedy Institute

    0.52 miles

  • Michigan Institute for Construction Trades

    0.60 miles

  • Walter P. Chrysler Elementary School

    0.60 miles

  • Grand Valley State University Detroit Center

    0.74 miles

  • Wayne County Community College Downtown Campus

    1.01 miles

  • University Prep Science & Math High School

    1.01 miles

  • Most Holy Trinity School

    1.20 miles

  • Bunche Preparatory Academy

    1.21 miles

  • Midtown KinderCare

    1.51 miles

  • Matrix Headstart

    2.08 miles

  • Sha-Sha's Kiddy Korner

    2.65 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.88 miles

  • Kingdom Care Learning Center

    2.93 miles

  • Henry Ford Kids Child Care Center

    3.81 miles

  • Matrix Head Start Infinity II

    4.24 miles

  • Angel Land Child & Parent Center

    4.40 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.61 miles

  • Growing Minds Learning Center

    6.91 miles

Frequently Asked Questions

What is the total square footage of GM Renaissance Center - Tower 500?

GM Renaissance Center - Tower 500 totals 307,000 square feet.

When was this property built?

GM Renaissance Center - Tower 500 was built in 1981.

When was GM Renaissance Center - Tower 500 last sold?

GM Renaissance Center - Tower 500 was last sold on 16 May, 1996.

What is the market value for GM Renaissance Center - Tower 500?

The market value* for GM Renaissance Center - Tower 500 in 2021 was $344,915,200.
*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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