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Russell Industrial Center - 1600 Clay Street

Off-Market

1600 Clay Street, Detroit, MI 48209

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  • 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

Location

  • Walk Score ® Somewhat Walkable (56)
  • Transit Score ® Some Transit (42)
  • Bike Score ® Bikeable (54)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Upper East Central
  • Zip Code 48209
  • Market Detroit

Points of Interest

Grand Boulevard

0.85 miles

Grand Boulevard

0.86 miles

Baltimore Street

0.90 miles

Baltimore Street

0.90 miles

Detroit

0.95 miles

Amsterdam Street

0.98 miles

Amsterdam Street

0.99 miles

Ferry Street

1.24 miles

Ferry Street

1.25 miles

Warren Avenue

1.44 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

William Clay Ford Center for Athletic Medicine

1.13 miles

Engine Number 35 Fire Station

1.14 miles

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.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (SF) 63,500
View more Detroit market trends

Tax

Find more tax info, including assessment history and abatements, on CommercialEdge

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 this property built?

Russell Industrial Center - 1600 Clay Street was built in 1926.

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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