Riverfront Place

Off-Market

1400 Woodbridge Street, Detroit, MI 48207

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 78,214 SF
  • Lot Size 2.52 Acre
  • Parking Spaces Avail. 210
  • Parking Ratio 2.69 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1920

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 17 Dec, 2013
  • 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.

  • 2021 Avg. Asking Rent $26.33
  • 2021 Office Vacancy Rate 10.13%
  • 2021 Office Completions (SF) 110,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    71/100 Excellent Transit
  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Lower East Central
  • Zip Code 48207
  • Market Detroit

Points of Interest

  • Renaissance Center

    0.43 miles

  • Bricktown

    0.45 miles

  • Millender Center

    0.51 miles

  • Greektown

    0.53 miles

  • Congress Street

    0.70 miles

  • Cadillac Center

    0.70 miles

  • Campus Martius

    0.76 miles

  • Financial District

    0.78 miles

  • Broadway

    0.83 miles

  • Huntington Place

    0.94 miles

  • Speedway

    0.22 miles

  • Mobil

    0.39 miles

  • Shell

    0.65 miles

  • Mobil

    1.04 miles

  • Bedrock Kahn Garage

    1.20 miles

  • BP

    1.24 miles

  • Bedrock John R 1

    1.27 miles

  • Marathon

    1.39 miles

  • Exxon

    1.52 miles

  • Marathon

    1.61 miles

  • Detroit Riverwalk Parking

    0.12 miles

  • River East Garage

    0.13 miles

  • D-4 Lot

    0.17 miles

  • D-2 Lot

    0.17 miles

  • D-3 Lot

    0.21 miles

  • GM Lot

    0.23 miles

  • D-1 Lot

    0.24 miles

  • Franklin Deck

    0.26 miles

  • BCBS Employee Deck

    0.29 miles

  • Port Atwater Garage

    0.36 miles

  • Rivertown Inn & Suites

    0.06 miles

  • Comfort Inn

    0.42 miles

  • Detroit Marriott at the Renaissance Center

    0.45 miles

  • Courtyard by Marriott Detroit Downtown

    0.48 miles

  • Hollywood Casino at Greektown

    0.48 miles

  • Courtyard

    0.49 miles

  • Atheneum Suite Hotel

    0.54 miles

  • Hilton Garden Inn Detroit Downtown

    0.68 miles

  • Shinola Hotel

    0.82 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.85 miles

  • Clique Restaurant

    0.07 miles

  • Steve's Soul Food

    0.08 miles

  • Main Street Grill & Coney Island

    0.39 miles

  • Potbelly

    0.40 miles

  • Highlands

    0.45 miles

  • Mr. Steven's

    0.46 miles

  • Andiamo Detroit Riverfront

    0.47 miles

  • Applebee's

    0.48 miles

  • IHOP

    0.48 miles

  • Sweetwater Tavern

    0.48 miles

  • University of Detroit Mercy Law School

    0.28 miles

  • Walter P. Chrysler Elementary School

    0.40 miles

  • Woodward Academy

    0.41 miles

  • University Prep Science & Math High School

    0.69 miles

  • Jessie C Kennedy Institute

    0.80 miles

  • Michigan Institute for Construction Trades

    0.86 miles

  • Grand Valley State University Detroit Center

    0.89 miles

  • Bunche Preparatory Academy

    0.91 miles

  • Detroit Academy of Arts and Sciences

    0.91 miles

  • University Prep Science & Math Elementary - Sidney D. Miller Campus

    1.07 miles

  • Midtown KinderCare

    1.55 miles

  • Matrix Headstart

    2.01 miles

  • Sha-Sha's Kiddy Korner

    2.37 miles

  • Kingdom Care Learning Center

    2.94 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    3.18 miles

  • Henry Ford Kids Child Care Center

    3.88 miles

  • Matrix Head Start Infinity II

    3.98 miles

  • Angel Land Child & Parent Center

    4.53 miles

  • Growing Minds Learning Center

    6.58 miles

  • The Clifton Daycare and Development Center

    6.89 miles

Frequently Asked Questions

What is the total square footage of Riverfront Place?

Riverfront Place totals 78,214 square feet.

When was this property built?

Riverfront Place was built in 1920.

When was Riverfront Place last sold?

Riverfront Place was last sold on 17 Dec, 2013.

What is the market value for Riverfront Place?

The market value* for Riverfront Place in 2021 was $3,552,000.
*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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