The Michigan Building

Off-Market

220 Bagley Avenue, 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 187,186 SF
  • Lot Size 1.33 Acre
  • Parking Spaces Avail. 162
  • Parking Ratio 0.87 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925

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 04 Sep, 2014
  • 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 ®

    93/100 Walker's Paradise
  • Transit Score ®

    86/100 Excellent Transit
  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Times Square

    0.09 miles

  • Grand Circus Park

    0.16 miles

  • Michigan

    0.23 miles

  • Broadway

    0.27 miles

  • Montcalm Street

    0.31 miles

  • Campus Martius

    0.32 miles

  • Fort/Cass

    0.36 miles

  • Cadillac Center

    0.37 miles

  • Adelaide Street

    0.46 miles

  • Huntington Place

    0.48 miles

  • Mobil

    0.39 miles

  • Bedrock Kahn Garage

    0.46 miles

  • Bedrock John R 1

    0.62 miles

  • Marathon

    0.81 miles

  • Speedway

    0.86 miles

  • Beaubien Place Garage

    0.86 miles

  • Marathon

    0.88 miles

  • Bedrock Corktown

    0.98 miles

  • Bedrock QLDC 1

    1.00 miles

  • Bedrock QLDC 2

    1.01 miles

  • 511 Grand River Lot

    0.03 miles

  • 1745 Cass Lot

    0.04 miles

  • 205 W Adams Lot

    0.07 miles

  • 1370 Cass Lot

    0.07 miles

  • Trolley Plaza Garage

    0.09 miles

  • ODM Lot G

    0.09 miles

  • 238 W Adams Lot

    0.10 miles

  • 240 W Adams Lot

    0.10 miles

  • 215 W Elizabeth Lot

    0.12 miles

  • 145 W Elizabeth Lot

    0.13 miles

  • Leland Hotel

    0.08 miles

  • Aloft Detroit at The David Whitney

    0.16 miles

  • Wright Hotel

    0.21 miles

  • The Westin Book Cadillac Detroit

    0.25 miles

  • Shinola Hotel

    0.25 miles

  • Hotel Indigo Detroit Downtown

    0.26 miles

  • MGM Grand Detroit Hotel

    0.31 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.36 miles

  • Fort Shelby Hotel

    0.37 miles

  • Hilton Garden Inn Detroit Downtown

    0.43 miles

  • Niki's Pizza

    0.02 miles

  • Nick's Gaslight

    0.05 miles

  • Lumen Detroit

    0.08 miles

  • Parks & Rec

    0.08 miles

  • Republic Tavern

    0.10 miles

  • Bam Bamz!

    0.11 miles

  • Rusted Crow

    0.14 miles

  • Go! Smoothies

    0.15 miles

  • Downtown Louie's

    0.16 miles

  • Subway

    0.17 miles

  • Michigan Institute for Construction Trades

    0.26 miles

  • Grand Valley State University Detroit Center

    0.32 miles

  • Jessie C Kennedy Institute

    0.36 miles

  • Cass Technical High School

    0.50 miles

  • Most Holy Trinity School

    0.53 miles

  • Wayne County Community College Downtown Campus

    0.63 miles

  • Ecumenical Theological Seminary

    0.70 miles

  • Cultural Center Early Learning Center

    0.77 miles

  • University of Detroit Mercy Law School

    0.80 miles

  • Woodward Academy

    0.83 miles

  • Midtown KinderCare

    0.98 miles

  • Matrix Headstart

    1.72 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.17 miles

  • Kingdom Care Learning Center

    2.35 miles

  • Sha-Sha's Kiddy Korner

    2.88 miles

  • Henry Ford Kids Child Care Center

    3.10 miles

  • Angel Land Child & Parent Center

    3.61 miles

  • Matrix Head Start Infinity II

    4.32 miles

  • Advanced Technology Academy Pre-K & Business Office

    5.86 miles

  • Sunnybrook Day Nursery

    6.64 miles

Frequently Asked Questions

What is the total square footage of The Michigan Building?

The Michigan Building totals 187,186 square feet.

When was this property built?

The Michigan Building was built in 1925.

When was The Michigan Building last sold?

The Michigan Building was last sold on 04 Sep, 2014.

What is the market value for The Michigan Building?

The market value* for The Michigan Building in 2021 was $14,075,400.
*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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