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Grand Park Centre

Off-Market

28 West Adams Avenue, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 177,000 SF
  • Lot Size 0.18 Acre
  • Parking Spaces Avail. 177
  • Parking Ratio 1.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1922

Location

  • Walk Score ® Very Walkable (89)
  • Transit Score ® Excellent Transit (85)
  • Bike Score ® Very Bikeable (83)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Grand Circus Park

0.08 miles

Montcalm Street

0.15 miles

Times Square

0.23 miles

Campus Martius

0.37 miles

Michigan

0.38 miles

Greektown

0.50 miles

Congress Street

0.59 miles

Bricktown

0.59 miles

Huntington Place

0.61 miles

Financial District

0.63 miles

Bedrock John R 1

0.46 miles

Bedrock Kahn Garage

0.64 miles

Beaubien Place Garage

0.88 miles

Bedrock QLDC 1

1.16 miles

Wayne State University - Parking Structure #8

1.30 miles

Wayne State University - Parking Structure #6

1.59 miles

Wayne State University - Lot #50

1.67 miles

Wayne State University - Parking Structure #5

1.84 miles

Marathon

1.91 miles

Marathon

2.80 miles

1745 Cass Lot

0.22 miles

441 W Fort

0.56 miles

Millenium Garage

0.61 miles

620 Third

0.67 miles

Orchestra Place Parking Deck

0.85 miles

Franklin Deck

0.88 miles

WSU Lot 56

1.46 miles

Lot 30

1.96 miles

CCS Parking Structure

2.40 miles

Fisher Building Garage

2.63 miles

The Inn at 97 Winder

0.32 miles

Atheneum Suite Hotel

0.50 miles

DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

0.52 miles

Viking Motel

0.64 miles

Trumbell and Porter

0.95 miles

El Moore

1.09 miles

Hostel Detroit

1.21 miles

The Inn on Ferry Street

1.83 miles

Crest Motel

2.24 miles

Pinkinn Motel

2.28 miles

Bam Bamz!

0.21 miles

Elwood Grill

0.28 miles

Domino's

0.58 miles

Mr. Steven's

0.62 miles

Detroit Made Market

0.76 miles

Kirchenwirt

0.85 miles

Red Dunn Kitchen

0.94 miles

Zo's Good Burger

2.57 miles

Apollo Coney Island

3.53 miles

McDonald's

4.00 miles

Grand Valley State University Detroit Center

0.17 miles

Wayne County Community College Downtown Campus

0.81 miles

WSU Applebaum College of Pharmacy and Health Sciences

0.87 miles

DEPSA Primary Academy

1.25 miles

University Tower

1.27 miles

WSU School of Medicine

1.28 miles

Physics and Astronomy Building

1.49 miles

Wayne State University

1.72 miles

University of Detroit Mercy Corktown Campus

1.80 miles

College for Creative Studies

1.80 miles

Matrix Headstart

1.55 miles

Kingdom Care Learning Center

2.22 miles

Sha-Sha's Kiddy Korner

2.71 miles

Matrix Head Start Infinity II

4.14 miles

The Clifton Daycare and Development Center

6.58 miles

Sunnybrook Day Nursery

6.61 miles

Fleming Early Learning Neighborhood Center

7.04 miles

Growing Minds Learning Center

7.22 miles

Green Garden Child Development Center

8.29 miles

Hampton Church Child Care Center

8.55 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 May, 2016
  • 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 $296,097
  • Current Tax $76,086
  • Market Value* $6,850,800
  • Assessed Value $6,850,800

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 Grand Park Centre?

Grand Park Centre totals 177,000 square feet.

When was this property built?

Grand Park Centre was built in 1922.

When was Grand Park Centre last sold?

Grand Park Centre was last sold on 04 May, 2016.

What is the market value for Grand Park Centre?

The market value* for Grand Park Centre in 2021 was $6,850,800.
*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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