The Guardian Building

Off-Market

500 Griswold Street, Detroit, MI 48226

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 653,379 SF
  • Lot Size 0.62 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1929

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 Date 10 Mar, 2008
  • 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.

  • 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 ®

    97/100 Walker's Paradise
  • Transit Score ®

    85/100 Excellent Transit
  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Congress Street

    0.03 miles

  • Financial District

    0.07 miles

  • Campus Martius

    0.19 miles

  • Millender Center

    0.21 miles

  • Huntington Place

    0.22 miles

  • Fort/Cass

    0.26 miles

  • Cadillac Center

    0.29 miles

  • Renaissance Center

    0.31 miles

  • Michigan

    0.33 miles

  • Bricktown

    0.37 miles

  • Mobil

    0.31 miles

  • Beaubien Place Garage

    0.41 miles

  • Bedrock Kahn Garage

    0.47 miles

  • Speedway

    0.52 miles

  • Marathon

    0.88 miles

  • Bedrock John R 1

    1.02 miles

  • Bedrock Corktown

    1.09 miles

  • Mobil

    1.10 miles

  • Bedrock QLDC 2

    1.22 miles

  • Marathon

    1.22 miles

  • Griswold/Larned Garage

    0.05 miles

  • Ally Detroit Center Garage

    0.12 miles

  • Ford Underground Parking

    0.14 miles

  • Two Detroit Center Garage

    0.16 miles

  • Financial District Garage

    0.17 miles

  • TCF Center Atwater Garage

    0.17 miles

  • Huntington Place Washington Blvd. Garage

    0.20 miles

  • Downtown Garage

    0.21 miles

  • 1001 Woodward Garage

    0.22 miles

  • Griswold Capitol Park

    0.23 miles

  • Crowne Plaza Detroit Downtown Riverfront

    0.14 miles

  • Detroit Foundation Hotel

    0.15 miles

  • Courtyard

    0.24 miles

  • Courtyard by Marriott Detroit Downtown

    0.24 miles

  • Hotel Indigo Detroit Downtown

    0.26 miles

  • The Westin Book Cadillac Detroit

    0.27 miles

  • Detroit Marriott at the Renaissance Center

    0.32 miles

  • Fort Shelby Hotel

    0.35 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.35 miles

  • Shinola Hotel

    0.35 miles

  • Domino's

    0.03 miles

  • Jimmy John's

    0.05 miles

  • Anita's Kitchen

    0.05 miles

  • Townhouse

    0.06 miles

  • BESA

    0.07 miles

  • Woodward Coney

    0.08 miles

  • Which Wich?

    0.08 miles

  • London Chop House

    0.08 miles

  • Bangkok Crossing

    0.08 miles

  • The District Grill

    0.08 miles

  • Jessie C Kennedy Institute

    0.15 miles

  • Michigan Institute for Construction Trades

    0.25 miles

  • University of Detroit Mercy Law School

    0.47 miles

  • Grand Valley State University Detroit Center

    0.57 miles

  • Wayne County Community College Downtown Campus

    0.61 miles

  • Woodward Academy

    0.68 miles

  • Most Holy Trinity School

    0.79 miles

  • Walter P. Chrysler Elementary School

    0.88 miles

  • Cass Technical High School

    1.00 miles

  • Detroit Public Safety Academy

    1.13 miles

  • Midtown KinderCare

    1.38 miles

  • Matrix Headstart

    2.05 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.46 miles

  • Kingdom Care Learning Center

    2.80 miles

  • Sha-Sha's Kiddy Korner

    2.91 miles

  • Henry Ford Kids Child Care Center

    3.60 miles

  • Angel Land Child & Parent Center

    4.12 miles

  • Matrix Head Start Infinity II

    4.44 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.20 miles

  • The Clifton Daycare and Development Center

    7.08 miles

Frequently Asked Questions

What is the total square footage of The Guardian Building?

The Guardian Building totals 653,379 square feet.

When was this property built?

The Guardian Building was built in 1929.

When was The Guardian Building last sold?

The Guardian Building was last sold on 10 Mar, 2008.

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