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Rick Finley Building

Off-Market

431 Howard Street, Detroit, MI 48226

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  • Property Type Office - Government Office
  • Property Size 76,074 SF
  • Lot Size 0.99 Acre
  • Parking Spaces Avail. 14
  • Parking Ratio 0.19 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1994

Location

  • Walk Score ® Walker's Paradise (94)
  • Transit Score ® Excellent Transit (86)
  • Bike Score ® Very Bikeable (76)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

Fort/Cass

0.09 miles

Huntington Place

0.21 miles

Campus Martius

0.29 miles

Financial District

0.32 miles

Cadillac Center

0.39 miles

Montcalm Street

0.59 miles

Bricktown

0.61 miles

Renaissance Center

0.64 miles

Adelaide Street

0.74 miles

Checker Cab #977

1.08 miles

Bedrock Kahn Garage

0.21 miles

Bedrock Corktown

0.83 miles

Bedrock John R 1

0.90 miles

Bedrock QLDC 2

0.92 miles

Bedrock QLDC 1

0.92 miles

Wayne State University - Parking Structure #8

1.69 miles

Marathon

1.83 miles

Wayne State University - Parking Structure #5

2.19 miles

Detroit Pistons Performance Center

2.61 miles

Sunoco

4.57 miles

First Street Parking Deck

0.17 miles

Downtown Garage

0.18 miles

Henry West Garage

0.64 miles

McLaren Garage

0.67 miles

2501 Cass Lot

0.67 miles

GM Lot

0.93 miles

WSU Parking Structure 8

1.71 miles

WSU Lot 57

1.91 miles

HAP Lot B

2.83 miles

Deck 300

9.71 miles

Crowne Plaza Detroit Downtown Riverfront

0.30 miles

Wright Hotel

0.50 miles

The Winder Street Inn

0.79 miles

Viking Motel

0.83 miles

Rivertown Inn & Suites

0.99 miles

Hostel Detroit

1.21 miles

El Moore

1.44 miles

Crest Motel

1.93 miles

Roberts Riverwalk Hotel

1.97 miles

Hotel St. Regis

2.97 miles

Dime Store

0.24 miles

Freshii

0.26 miles

Jimmy John's

0.29 miles

Detroit Made Market

0.37 miles

Standby

0.40 miles

Punch Bowl Social

0.43 miles

Subway

0.88 miles

Slows Bar-B-Q

1.20 miles

Bucharest Grill

1.72 miles

Seva

1.75 miles

Wayne County Community College Downtown Campus

0.39 miles

Grand Valley State University Detroit Center

0.53 miles

University of Detroit Mercy Law School

0.76 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.30 miles

Burton International Academy

1.43 miles

WSU School of Medicine

1.72 miles

University of Detroit Mercy Corktown Campus

1.83 miles

Physics and Astronomy Building

1.85 miles

College for Creative Studies

2.22 miles

College for Creative Studies Taubman Campus

2.81 miles

Midtown KinderCare

1.26 miles

Matrix Headstart

1.99 miles

Vista's Nuevas Headstart Gasper Fiore Center

2.15 miles

Sha-Sha's Kiddy Korner

3.06 miles

Henry Ford Kids Child Care Center

3.36 miles

Angel Land Child & Parent Center

3.83 miles

Advanced Technology Academy Pre-K & Business Office

5.88 miles

Sunnybrook Day Nursery

6.84 miles

The Clifton Daycare and Development Center

7.03 miles

New Life Head Start

7.79 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 29 Apr, 2022
  • 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.

  • 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 $317,024
  • Current Tax $241,043
  • Market Value* $7,335,000
  • Assessed Value $7,335,000

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 Rick Finley Building?

Rick Finley Building totals 76,074 square feet.

When was this property built?

Rick Finley Building was built in 1994.

When was Rick Finley Building last sold?

Rick Finley Building was last sold on 29 Apr, 2022.

What is the market value for Rick Finley Building?

The market value* for Rick Finley Building in 2021 was $7,335,000.
*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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