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The Assembly

Off-Market

1702 West Fort Street, Detroit, MI 48216

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  • Property Type Office - Creative Office
  • Property Size 160,000 SF
  • Lot Size 0.77 Acre
  • Parking Spaces Avail. 99
  • Parking Ratio 0.62 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2019

Location

  • Walk Score ® Somewhat Walkable (64)
  • Transit Score ® Good Transit (60)
  • Bike Score ® Very Bikeable (72)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48216
  • Market Detroit

Points of Interest

Fort/Cass

0.84 miles

Huntington Place

0.86 miles

Financial District

1.02 miles

Campus Martius

1.10 miles

Congress Street

1.10 miles

Broadway

1.21 miles

Cadillac Center

1.21 miles

Millender Center

1.28 miles

Adelaide Street

1.37 miles

Renaissance Center

1.37 miles

Bedrock Corktown

0.03 miles

Bedrock QLDC 2

0.27 miles

Bedrock Kahn Garage

0.61 miles

Beaubien Place Garage

1.45 miles

Bedrock John R 1

1.53 miles

Wayne State University - Parking Structure #8

2.09 miles

Wayne State University - Parking Structure #6

2.34 miles

Wayne State University - Parking Structure #5

2.42 miles

Detroit Pistons Performance Center

2.83 miles

BP

3.18 miles

Howard Lot B

0.39 miles

Comerica Ford Field Parking

0.51 miles

522 Michigan

0.79 miles

TCF Center Atwater Garage

0.97 miles

205 W Adams Lot

1.01 miles

Ford Underground Parking

1.18 miles

Beethoven Lot

1.98 miles

Faculty / Staff Parking Lot E

7.16 miles

Student Parking Lot H

7.27 miles

Wyandotte Parking Lot 6

9.55 miles

Fort Shelby Hotel

0.75 miles

DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

0.76 miles

Detroit Foundation Hotel

0.93 miles

Hostel Detroit

0.95 miles

Viking Motel

1.07 miles

Crest Motel

1.11 miles

Atheneum Suite Hotel

1.37 miles

The Winder Street Inn

1.49 miles

Hollywood Casino at Greektown

1.53 miles

King's Arms Hotel

1.54 miles

Coney King Coney Island

0.29 miles

Detroit Made Market

0.92 miles

The Trolley Room

0.92 miles

Orchid Thai

1.24 miles

White Grove

1.36 miles

Savvy Sliders

2.18 miles

Pie-Sci

2.24 miles

Taco Bell

2.44 miles

Los Altos Taqueria

2.87 miles

Slyde

4.11 miles

Wayne County Community College Downtown Campus

0.46 miles

Grand Valley State University Detroit Center

1.30 miles

University of Detroit Mercy Law School

1.54 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.82 miles

University Tower

2.04 miles

Physics and Astronomy Building

2.13 miles

Wayne State University

2.36 miles

College for Creative Studies

2.63 miles

University Preparatory Academy - Middle School

2.72 miles

College for Creative Studies Taubman Campus

3.10 miles

Vista's Nuevas Headstart Gasper Fiore Center

1.47 miles

Matrix Headstart

2.61 miles

Kingdom Care Learning Center

3.03 miles

Angel Land Child & Parent Center

3.80 miles

Sha-Sha's Kiddy Korner

3.86 miles

Advanced Technology Academy Pre-K & Business Office

5.20 miles

Matrix Head Start Infinity II

5.30 miles

The Clifton Daycare and Development Center

7.58 miles

Teddy Bear Daycare Infant Center

7.97 miles

Teddy Bear Daycare

7.98 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 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.

  • 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 $158,732
  • Current Tax $30,506
  • Market Value* $3,672,600
  • Assessed Value $3,672,600

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 The Assembly?

The Assembly totals 160,000 square feet.

When was this property built?

The Assembly was built in 2019.

What is the market value for The Assembly?

The market value* for The Assembly in 2021 was $3,672,600.
*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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