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The Factory at Corktown

Off-Market

1907 Michigan Avenue, Detroit, MI 48216

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  • Property Type Office - Creative Office
  • Property Size 45,000 SF
  • Lot Size 0.97 Acre
  • Parking Spaces Avail. 31
  • Parking Ratio 0.70 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2015

Location

  • Walk Score ® Very Walkable (74)
  • Transit Score ® Good Transit (59)
  • Bike Score ® Biker's Paradise (92)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48216
  • Market Detroit

Points of Interest

Checker Cab #977

0.98 miles

Michigan

1.03 miles

Times Square

1.04 miles

West Riverfront

1.07 miles

Grand Circus Park

1.16 miles

Montcalm Street

1.16 miles

Sproat Street

1.19 miles

Campus Martius

1.27 miles

Financial District

1.32 miles

Mack Avenue

1.35 miles

Bedrock Corktown

0.61 miles

Bedrock Kahn Garage

0.90 miles

Bedrock John R 1

1.32 miles

Marathon

1.55 miles

Wayne State University - Lot #50

1.57 miles

Wayne State University - Parking Structure #8

1.62 miles

Beaubien Place Garage

1.75 miles

Wayne State University - Parking Structure #6

1.85 miles

Wayne State University - Parking Structure #5

1.86 miles

Sunoco

4.34 miles

Detroit Public Safety Headquarters Parking Garage

0.77 miles

Griswold Capitol Park

1.18 miles

DPS Lot

1.22 miles

Gem Garage

1.40 miles

D-3 Lot

1.85 miles

Lot 34

2.08 miles

HFHS Staff Garge

2.74 miles

Faculty / Visitor Parking Lot C

6.55 miles

Lawrence C. Falvey Parking Lot

9.42 miles

Parking Lot D

9.97 miles

Hostel Detroit

0.32 miles

Trumbell and Porter

0.47 miles

Viking Motel

0.69 miles

Leland Hotel

0.93 miles

DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

1.00 miles

Fort Shelby Hotel

1.00 miles

Crest Motel

1.27 miles

The Inn at 97 Winder

1.27 miles

El Moore

1.27 miles

Atheneum Suite Hotel

1.52 miles

Detroit Made Market

1.29 miles

Bangkok Crossing

1.36 miles

Woodward Coney

1.36 miles

Cadillac Square Diner

1.43 miles

Happy's Pizza

3.38 miles

A&L Restaurant Ham Palace

3.88 miles

Campau Tower

4.79 miles

KFC

4.97 miles

Super Coney Island

6.29 miles

Little Caesars

7.03 miles

Cass Technical High School

0.74 miles

Wayne County Community College Downtown Campus

0.86 miles

University of Detroit Mercy Corktown Campus

0.89 miles

Grand Valley State University Detroit Center

1.29 miles

WSU Applebaum College of Pharmacy and Health Sciences

1.48 miles

University Tower

1.58 miles

Physics and Astronomy Building

1.60 miles

Wayne State University

1.82 miles

WSU School of Medicine

1.83 miles

College for Creative Studies

2.16 miles

Matrix Headstart

2.29 miles

Kingdom Care Learning Center

2.53 miles

Sha-Sha's Kiddy Korner

3.77 miles

Matrix Head Start Infinity II

5.09 miles

Sunnybrook Day Nursery

6.04 miles

The Clifton Daycare and Development Center

7.13 miles

Fleming Early Learning Neighborhood Center

7.87 miles

Hampton Church Child Care Center

7.92 miles

Teddy Bear Daycare Infant Center

7.94 miles

Teddy Bear Daycare

7.96 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 20 Dec, 2017
  • 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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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 $72,731
  • Current Tax $19,009
  • Market Value* $1,682,800
  • Assessed Value $1,682,800

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 Factory at Corktown?

The Factory at Corktown totals 45,000 square feet.

When was this property built?

The Factory at Corktown was built in 2015.

When was The Factory at Corktown last sold?

The Factory at Corktown was last sold on 20 Dec, 2017.

What is the market value for The Factory at Corktown?

The market value* for The Factory at Corktown in 2021 was $1,682,800.
*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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