Tech Town - 440 Burroughs Street

Off-Market

440 Burroughs Street, Detroit, MI 48202

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 135,000 SF
  • Lot Size 0.7 Acre
  • Parking Spaces Avail. 197
  • Parking Ratio 1.46 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1927

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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Brokers

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Documents

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Sales

  • Purchase Date 07 Sep, 2004
  • 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.

  • 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 ®

    82/100 Very Walkable
  • Transit Score ®

    57/100 Good Transit
  • Bike Score ®

    95/100 Biker's Paradise
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Middle Woodward
  • Zip Code 48202
  • Market Detroit

Points of Interest

  • Amsterdam Street

    0.15 miles

  • Detroit

    0.20 miles

  • Baltimore Street

    0.26 miles

  • Ferry Street

    0.39 miles

  • Grand Boulevard

    0.39 miles

  • Warren Avenue

    0.64 miles

  • Canfield Street

    1.04 miles

  • Mack Avenue

    1.45 miles

  • Martin Luther King Junior Boulevard

    1.46 miles

  • Checker Cab #977

    1.55 miles

  • BP

    0.18 miles

  • Detroit Pistons Performance Center

    0.25 miles

  • Marathon

    0.36 miles

  • Wayne State University - Parking Structure #5

    0.49 miles

  • Wayne State University - Parking Structure #6

    0.64 miles

  • Sunoco

    0.74 miles

  • Wayne State University - Lot #50

    0.79 miles

  • Citgo

    0.86 miles

  • Shell

    0.89 miles

  • Wayne State University - Parking Structure #8

    0.93 miles

  • Lot 13

    0.10 miles

  • WSU Lot 14

    0.11 miles

  • WSU Lot 11

    0.12 miles

  • MDOT Lot

    0.13 miles

  • WSU Lot 12

    0.18 miles

  • CCS Parking Structure

    0.18 miles

  • Baltimore Garage

    0.21 miles

  • CCS Woodward Lot

    0.25 miles

  • WSU Parking Structure 1

    0.27 miles

  • WSU Lot 23

    0.29 miles

  • Hotel St. Regis

    0.37 miles

  • The Inn on Ferry Street

    0.45 miles

  • Pinkinn Motel

    1.11 miles

  • El Moore

    1.18 miles

  • King's Arms Hotel

    1.45 miles

  • Rio Grand Motel

    1.60 miles

  • Town Motel

    1.74 miles

  • Viking Motel

    1.86 miles

  • The Inn at 97 Winder

    1.94 miles

  • The Cochrane House

    1.97 miles

  • Subway

    0.19 miles

  • Z's Villa

    0.20 miles

  • White Castle

    0.25 miles

  • Bucharest Grill

    0.26 miles

  • Supino Pizza

    0.31 miles

  • Yum Village

    0.31 miles

  • Byblos Café and Grill

    0.31 miles

  • The Kitchen

    0.32 miles

  • Baobab Fare

    0.36 miles

  • Campus Diner

    0.37 miles

  • University Preparatory Academy Elementary School – Mark Murray Campus

    0.05 miles

  • University Preparatory Academy High School

    0.20 miles

  • College for Creative Studies Taubman Campus

    0.21 miles

  • University Preparatory Academy Elementary School – Ellen Thompson Campus

    0.31 miles

  • God's Way Academy

    0.38 miles

  • Palmer Institute

    0.42 miles

  • College for Creative Studies

    0.54 miles

  • Wayne State University

    0.54 miles

  • Y Gladys Barsamian Preparatory Center

    0.55 miles

  • New Center Child Care Academy

    0.66 miles

  • Kingdom Care Learning Center

    0.40 miles

  • Henry Ford Kids Child Care Center

    0.84 miles

  • Matrix Headstart

    1.31 miles

  • Midtown KinderCare

    1.50 miles

  • Angel Land Child & Parent Center

    1.70 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.95 miles

  • Sha-Sha's Kiddy Korner

    3.04 miles

  • Matrix Head Start Infinity II

    3.65 miles

  • Sunnybrook Day Nursery

    4.74 miles

  • The Clifton Daycare and Development Center

    4.86 miles

Frequently Asked Questions

What is the total square footage of Tech Town - 440 Burroughs Street?

Tech Town - 440 Burroughs Street totals 135,000 square feet.

When was this property built?

Tech Town - 440 Burroughs Street was built in 1927.

When was Tech Town - 440 Burroughs Street last sold?

Tech Town - 440 Burroughs Street was last sold on 07 Sep, 2004.

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