Russell Industrial Center - 1600 Clay Street

Off-Market

1600 Clay Street, Detroit, MI 48209

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Flex - Industrial
  • Property Size 1,272,211 SF
  • Lot Size 13.46 Acre
  • Parking Spaces Avail. 63
  • Parking Ratio 0.05 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1926

Contacts

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Owner

  • True 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 30 Mar, 2004
  • 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
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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.

  • 2022 Avg. Asking Rent $27.10
  • 2022 Office Vacancy Rate 25.71%
  • 2022 Office Completions (SF) 232,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    57/100 Somewhat Walkable

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Upper East Central
  • Zip Code 48209
  • Market Detroit

Points of Interest

  • Grand Boulevard

    0.85 miles

  • Baltimore Street

    0.90 miles

  • Detroit

    0.95 miles

  • Amsterdam Street

    0.98 miles

  • Ferry Street

    1.24 miles

  • Warren Avenue

    1.44 miles

  • Canfield Street

    1.78 miles

  • Mack Avenue

    2.16 miles

  • Martin Luther King Junior Boulevard

    2.18 miles

  • Checker Cab #977

    2.41 miles

  • Mobil

    0.17 miles

  • Sunoco

    0.39 miles

  • Marathon

    0.82 miles

  • Citgo

    0.90 miles

  • Sunoco

    0.96 miles

  • BP

    1.03 miles

  • Mobil

    1.07 miles

  • Marathon

    1.15 miles

  • Marathon

    1.18 miles

  • Mobil

    1.22 miles

  • Lot 12

    0.73 miles

  • John R Lot

    0.81 miles

  • New Center Garage

    0.93 miles

  • CCS Woodward Lot

    0.94 miles

  • Cass Avenue Garage

    0.94 miles

  • WSU Lot 12

    0.99 miles

  • MDOT Lot

    1.00 miles

  • Kirby Center Lofts Lot

    1.02 miles

  • CCS Parking Structure

    1.03 miles

  • WSU Lot 14

    1.05 miles

  • Krispy Krunchy Chicken

    0.16 miles

  • Parks Old Style Bar-B-Q

    0.50 miles

  • Miss Virginia's Ice Cream Parlor

    0.67 miles

  • Grandy's Coney Island

    0.67 miles

  • Baobab Fare

    0.85 miles

  • Turkey Grill

    0.86 miles

  • Yum Village

    0.87 miles

  • Burger King

    0.87 miles

  • White Castle

    0.89 miles

  • The Kitchen

    0.89 miles

  • King Cole Foods

    1.16 miles

  • Food Pride Super Market

    1.37 miles

  • Fruit Market

    1.53 miles

  • Al-Haramain International Foods

    1.58 miles

  • University Foods

    1.91 miles

  • Family Foods Superstore

    1.96 miles

  • Save-A-Lot

    2.06 miles

  • Whole Foods Market

    2.08 miles

  • Gratiot Central Market

    2.59 miles

  • Save-A-Lot

    2.61 miles

  • DMC Family Practice

    0.83 miles

  • Henry Ford Medical Center - Hamtramck

    0.88 miles

  • Russell's Pharmacy

    1.03 miles

  • Max Care - Medical Group and Urgent Care

    1.06 miles

  • WSU Police Department

    1.09 miles

  • William Clay Ford Center for Athletic Medicine

    1.10 miles

  • CVS Pharmacy

    1.11 miles

  • Institute for Population Health

    1.13 miles

  • Engine Number 35 Fire Station

    1.14 miles

  • Engine Co. 17 Fire Station

    1.16 miles

Frequently Asked Questions

What is the total square footage of Russell Industrial Center - 1600 Clay Street?

Russell Industrial Center - 1600 Clay Street totals 1,272,211 square feet.

When was Russell Industrial Center - 1600 Clay Street last sold?

Russell Industrial Center - 1600 Clay Street was last sold on 30 Mar, 2004.

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