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Fifth Third Bank at One Woodward

Off-Market

1 Woodward 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 370,364 SF
  • Lot Size 0.56 Acre
  • Parking Spaces Avail. 92
  • Parking Ratio 0.25/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1962

Location

  • Walk Score ® Walker's Paradise (95)
  • Transit Score ® Excellent Transit (85)
  • Bike Score ® Bikeable (57)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Congress Street

0.06 miles

Financial District

0.07 miles

Millender Center

0.20 miles

Huntington Place

0.23 miles

Campus Martius

0.24 miles

Campus Martius

0.28 miles

Renaissance Center

0.29 miles

Fort/Cass

0.30 miles

Cadillac Center

0.33 miles

Bricktown

0.38 miles

Mobil

0.34 miles

Beaubien Place Garage

0.38 miles

Bedrock Kahn Garage

0.50 miles

Speedway

0.51 miles

Marathon

0.90 miles

Bedrock John R 1

1.07 miles

Mobil

1.09 miles

Bedrock Corktown

1.10 miles

Bedrock QLDC 2

1.24 miles

Bedrock QLDC 1

1.25 miles

Griswold/Larned Garage

0.07 miles

Ford Underground Parking

0.10 miles

Ally Detroit Center Garage

0.12 miles

TCF Center Atwater Garage

0.15 miles

Two Detroit Center Garage

0.16 miles

Huntington Place Washington Blvd. Garage

0.20 miles

Center Garage

0.22 miles

Financial District Garage

0.22 miles

Downtown Garage

0.23 miles

Blue Cross Jefferson Garage

0.27 miles

Crowne Plaza Detroit Downtown Riverfront

0.14 miles

Detroit Foundation Hotel

0.16 miles

Courtyard

0.23 miles

Courtyard by Marriott Detroit Downtown

0.23 miles

Detroit Marriott at the Renaissance Center

0.29 miles

Hotel Indigo Detroit Downtown

0.31 miles

The Westin Book Cadillac Detroit

0.32 miles

Fort Shelby Hotel

0.38 miles

Atheneum Suite Hotel

0.38 miles

DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

0.38 miles

Anita's Kitchen

0.05 miles

Domino's

0.07 miles

The District Grill

0.08 miles

Townhouse

0.08 miles

Jimmy John's

0.10 miles

BESA

0.11 miles

London Chop House

0.11 miles

Woodward Coney

0.12 miles

Bangkok Crossing

0.12 miles

Lunch Time Global

0.13 miles

Jessie C Kennedy Institute

0.20 miles

Michigan Institute for Construction Trades

0.30 miles

University of Detroit Mercy Law School

0.47 miles

Grand Valley State University Detroit Center

0.62 miles

Wayne County Community College Downtown Campus

0.63 miles

Woodward Academy

0.70 miles

Most Holy Trinity School

0.82 miles

Walter P. Chrysler Elementary School

0.89 miles

Cass Technical High School

1.05 miles

Detroit Public Safety Academy

1.15 miles

Midtown KinderCare

1.43 miles

Matrix Headstart

2.10 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.49 miles

Kingdom Care Learning Center

2.85 miles

Sha-Sha's Kiddy Korner

2.93 miles

Henry Ford Kids Child Care Center

3.65 miles

Angel Land Child & Parent Center

4.17 miles

Matrix Head Start Infinity II

4.47 miles

Advanced Technology Academy Pre-K & Business Office

6.23 miles

The Clifton Daycare and Development Center

7.12 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 05 Dec, 2012
  • 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 $1,494,618
  • Current Tax $472,920
  • Market Value* $34,581,000
  • Assessed Value $34,581,000

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 Fifth Third Bank at One Woodward?

Fifth Third Bank at One Woodward totals 370,364 square feet.

When was this property built?

Fifth Third Bank at One Woodward was built in 1962.

When was Fifth Third Bank at One Woodward last sold?

Fifth Third Bank at One Woodward was last sold on 05 Dec, 2012.

What is the market value for Fifth Third Bank at One Woodward?

The market value* for Fifth Third Bank at One Woodward in 2021 was $34,581,000.
*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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