The Woodward Building

Off-Market

1449 Woodward Avenue, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 51,566 SF
  • Lot Size 0.14 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1997

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 03 Sep, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • 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.

  • 2022 Avg. Asking Rent $27.10
  • 2022 Office Vacancy Rate 25.71%
  • 2022 Office Completions (SF) 232,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise
  • Transit Score ®

    86/100 Excellent Transit
  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Broadway

    0.09 miles

  • Grand Circus Park

    0.09 miles

  • Times Square

    0.15 miles

  • Campus Martius

    0.17 miles

  • Cadillac Center

    0.19 miles

  • Michigan

    0.26 miles

  • Montcalm Street

    0.33 miles

  • Greektown

    0.36 miles

  • Fort/Cass

    0.37 miles

  • Congress Street

    0.39 miles

  • Mobil

    0.41 miles

  • Bedrock Kahn Garage

    0.54 miles

  • Bedrock John R 1

    0.63 miles

  • Speedway

    0.67 miles

  • Beaubien Place Garage

    0.70 miles

  • Marathon

    0.94 miles

  • Marathon

    1.07 miles

  • Bedrock Corktown

    1.12 miles

  • Bedrock QLDC 1

    1.17 miles

  • Bedrock QLDC 2

    1.18 miles

  • Griswold Parking

    0.06 miles

  • Lofts of Merchants Row Garage

    0.07 miles

  • Trolley Plaza Garage

    0.12 miles

  • Detroit Opera Lot

    0.13 miles

  • Detroit Opera House Parking Center

    0.14 miles

  • Grand Circus Park Garage

    0.14 miles

  • Z Garage

    0.15 miles

  • 1001 Woodward Garage

    0.18 miles

  • ODM Lot G

    0.18 miles

  • 200 Madison Lot

    0.18 miles

  • Shinola Hotel

    0.06 miles

  • Aloft Detroit at The David Whitney

    0.08 miles

  • The Westin Book Cadillac Detroit

    0.20 miles

  • Hotel Indigo Detroit Downtown

    0.23 miles

  • Hilton Garden Inn Detroit Downtown

    0.24 miles

  • Leland Hotel

    0.26 miles

  • Wright Hotel

    0.31 miles

  • Atheneum Suite Hotel

    0.35 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    0.40 miles

  • Fort Shelby Hotel

    0.41 miles

  • Cornerstone Barrel House

    0.03 miles

  • Downtown Louie's

    0.03 miles

  • Go! Smoothies

    0.04 miles

  • Lovers Only

    0.06 miles

  • Olin Bar & Kitchen

    0.08 miles

  • The Hudson Cafe

    0.10 miles

  • Buddy's Pizza

    0.10 miles

  • Leila

    0.11 miles

  • Bam Bamz!

    0.11 miles

  • Go Sy Thai

    0.11 miles

  • Michigan Institute for Construction Trades

    0.17 miles

  • Grand Valley State University Detroit Center

    0.21 miles

  • Jessie C Kennedy Institute

    0.26 miles

  • University of Detroit Mercy Law School

    0.61 miles

  • Woodward Academy

    0.64 miles

  • Cass Technical High School

    0.67 miles

  • Most Holy Trinity School

    0.70 miles

  • Wayne County Community College Downtown Campus

    0.72 miles

  • Ecumenical Theological Seminary

    0.74 miles

  • Walter P. Chrysler Elementary School

    0.85 miles

  • Midtown KinderCare

    0.99 miles

  • Matrix Headstart

    1.69 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    2.36 miles

  • Kingdom Care Learning Center

    2.40 miles

  • Sha-Sha's Kiddy Korner

    2.74 miles

  • Henry Ford Kids Child Care Center

    3.20 miles

  • Angel Land Child & Parent Center

    3.75 miles

  • Matrix Head Start Infinity II

    4.21 miles

  • Advanced Technology Academy Pre-K & Business Office

    6.05 miles

  • The Clifton Daycare and Development Center

    6.73 miles

Frequently Asked Questions

What is the total square footage of The Woodward Building?

The Woodward Building totals 51,566 square feet.

When was this property built?

The Woodward Building was built in 1997.

When was The Woodward Building last sold?

The Woodward Building was last sold on 03 Sep, 2014.

What is the market value for The Woodward Building?

The market value* for The Woodward Building in 2022 was $3,940,400.
*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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