Merchants Building

Off Market

206 East Grand River Avenue, Detroit, MI 48226

  • Office
  • General Office
  • 51,000 Sqft

Merchants Building, Detroit, MI 48226 - Office Space

Merchants Building is located at 206 East Grand River Avenue in the Downtown Detroit neighborhood, MI, Detroit, 48226. The Class B Office building was completed in 1921 and features a total of 51,000 Sqft.

There are 125 office spaces for lease in the Downtown Detroit neighborhood, totaling 1,549,685 Sqft of available office space. The office space availability for the 48226 zip code is 1,176,009 Sqft, in 97 office spaces. The average asking office rent per sq. ft. in Downtown Detroit is $22.69/sqft/year. For Class A office buildings the average office rate is $20.4/sqft/year, for Class B office buildings the average office rate is $26.5/sqft/year.

In Downtown Detroit, there are 61 class B office buildings. In Downtown Detroit, there are a total of 2 LEED certified office buildings. At zip code level, there are 64 commercial properties, of which 63 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • City Detroit
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit
  • Property Type Office - General Office
  • Property Size 51,000 Sqft
  • Lot Size 0.17 Acre
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 1921
  • Date Updated 07 Apr, 2020

FREQUENTLY ASKED QUESTIONS

What is the total square footage of Merchants Building?

Merchants Building totals 51,000 square feet.

When was this property built?

Merchants Building was built in 1921.

Downtown Detroit Demographics

The average household income in zip code 48226 is $81,836, from a total of 4,045 households. In terms of employment, there are 95.41 % white-collar and 4.59 % blue-collar jobs in zip code 48226.

Population

  • Total Population10,192
  • Male Population(55.6 %) 5,662
  • Female Population(44.5 %) 4,531
  • Median Age35.00

Income/Financial

  • Average Household Income$56,115
  • Median Household Income$44,042
  • Median Income Under 25$29,024
  • Median Income 25-44$57,184
  • Median Income 45-64$39,966
  • Median Income Over 65$22,249