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The Lane Bryant Building

Off-Market

1520 Woodward Avenue, Detroit, MI 48226

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  • Property Type Office - Creative Office
  • Property Size 36,770 Sqft
  • Lot Size 0.14 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1917

Location

  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 21 Dec, 2011
  • Purchase Price $405,000
  • Arm's Length
  • 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 (Sqft) 63,500
View more Detroit market trends

Tax

  • Property Tax in 2018 $32,199
  • Market Value $844,800
  • Assessed Value $844,800

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

Frequently Asked Questions

What is the total square footage of Lane Bryant Building, The?

Lane Bryant Building, The totals 36,770 square feet.

When was this property built?

Lane Bryant Building, The was built in 1917.

When was Lane Bryant Building, The last sold?

Lane Bryant Building, The was last sold on 21 Dec, 2011.

What was the last purchase price for Lane Bryant Building, The?

Lane Bryant Building, The was last sold for $405,000.

What is the property tax for Lane Bryant Building, The?

The property tax for Lane Bryant Building, The in 2018 was $32,199.

What is the market value for Lane Bryant Building, The?

The market value for Lane Bryant Building, The in 2018 was $844,800.

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