Contact Property

Merchants Building

Off-Market

206 East Grand River Avenue, Detroit, MI 48226

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 51,000 SF
  • Lot Size 0.17 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1921

Location

  • Walk Score ® Walker's Paradise (96)
  • Transit Score ® Excellent Transit (84)
  • Bike Score ® Bikeable (60)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Broadway

0.08 miles

Cadillac Center

0.13 miles

Campus Martius

0.20 miles

Greektown

0.23 miles

Times Square

0.31 miles

Bricktown

0.31 miles

Montcalm Street

0.38 miles

Millender Center

0.44 miles

Fort/Cass

0.47 miles

Financial District

0.47 miles

Beaubien Place Garage

0.62 miles

Bedrock John R 1

0.63 miles

Bedrock Kahn Garage

0.67 miles

Marathon

1.22 miles

Bedrock Corktown

1.27 miles

Bedrock QLDC 1

1.33 miles

Wayne State University - Parking Structure #8

1.51 miles

Wayne State University - Parking Structure #6

1.80 miles

Wayne State University - Lot #50

1.93 miles

Sunoco

2.89 miles

Gem Garage

0.19 miles

Griswold/Larned Garage

0.44 miles

APG Parking

0.45 miles

Federal Parking Lot 2

0.45 miles

Joe Louis Arena Garage

0.80 miles

Xia Parking

0.90 miles

MOCAD Lot

1.46 miles

WSU Parking Structure 4

1.49 miles

Kirby Center Lofts Lot

2.05 miles

US Post Office Parking lLot

9.71 miles

Aloft Detroit at The David Whitney

0.19 miles

Courtyard

0.43 miles

Crowne Plaza Detroit Downtown Riverfront

0.53 miles

Viking Motel

0.92 miles

Comfort Inn

1.03 miles

El Moore

1.35 miles

Hostel Detroit

1.46 miles

Crest Motel

2.37 miles

Hotel St. Regis

2.79 miles

Rio Grand Motel

3.35 miles

Pappy's

0.22 miles

Locos

0.26 miles

Mike's Pizza Bar

0.51 miles

Detroit Made Market

0.63 miles

Peterboro

0.94 miles

Le Petit Zinc

1.07 miles

Subway

1.23 miles

White Castle

1.37 miles

Subway

2.34 miles

(revolver)

4.28 miles

University of Detroit Mercy Law School

0.49 miles

Wayne County Community College Downtown Campus

0.85 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.06 miles

WSU School of Medicine

1.45 miles

University Tower

1.49 miles

Physics and Astronomy Building

1.73 miles

Wayne State University

1.95 miles

College for Creative Studies

1.99 miles

University of Detroit Mercy Corktown Campus

2.06 miles

Covenant House Academy

2.13 miles

Midtown KinderCare

0.98 miles

Matrix Headstart

1.64 miles

Kingdom Care Learning Center

2.40 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.52 miles

Sha-Sha's Kiddy Korner

2.60 miles

Angel Land Child & Parent Center

3.83 miles

Matrix Head Start Infinity II

4.09 miles

The Clifton Daycare and Development Center

6.67 miles

Sunnybrook Day Nursery

6.88 miles

Fleming Early Learning Neighborhood Center

7.03 miles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

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
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 04 Nov, 1996
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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

Tax

  • Base Tax $151,099
  • Current Tax $13,598
  • Market Value* $3,496,000
  • Assessed Value $3,496,000

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 Merchants Building?

Merchants Building totals 51,000 square feet.

When was this property built?

Merchants Building was built in 1921.

When was Merchants Building last sold?

Merchants Building was last sold on 04 Nov, 1996.

What is the market value for Merchants Building?

The market value* for Merchants Building in 2021 was $3,496,000.
*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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.