Laurel Park Center

Off-Market

37650 Professional Center Drive, Livonia, MI 48154

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 59,075 SF
  • Lot Size 5.27 Acre
  • Parking Spaces Avail. 206
  • Parking Ratio 3.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1984

Contacts

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Owner

  • True 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 Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Livonia

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 Livonia Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $19.16
  • 2021 Office Vacancy Rate 18.78%
  • 2021 Office Completions (SF) 123,646
View more Livonia market trends

Location

Getting Around

  • Walk Score ®

    56/100 Somewhat Walkable
  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Livonia, MI
  • Neighborhood Quakertown - Castle Garden
  • Zip Code 48154
  • Market Detroit

Points of Interest

  • 2 stations

    0.39 miles

  • Marathon

    0.88 miles

  • Marathon

    0.90 miles

  • Mobil

    0.93 miles

  • Shell

    0.95 miles

  • Mobil

    1.09 miles

  • Speedway

    1.10 miles

  • BP

    1.12 miles

  • Exxon

    1.51 miles

  • Costco Gasoline

    1.69 miles

  • South Parking Lot

    0.92 miles

  • East Parking Lot

    1.00 miles

  • Center Parking Lot

    1.10 miles

  • North Parking Lot

    1.13 miles

  • North Parking Lot

    1.24 miles

  • Seven Mile Parking Lot

    1.27 miles

  • Parking Lot - Central Convent

    1.61 miles

  • Parking Lot - North

    1.70 miles

  • Parking Lot - West

    1.73 miles

  • Special Events Parking

    1.82 miles

  • Detroit Marriott Livonia

    0.26 miles

  • Fairfield Inn

    0.66 miles

  • TownePlace Suites

    0.67 miles

  • Residence Inn

    0.73 miles

  • Embassy Suites by Hilton Detroit Livonia Novi

    1.53 miles

  • Hampton

    2.22 miles

  • Holiday Inn Express & Suites

    2.44 miles

  • Sheraton

    2.54 miles

  • Country Inn & Suites by Radisson, Novi, MI

    2.80 miles

  • Days Inn by Wyndham Livonia - Detroit

    3.02 miles

  • Buffalo Wild Wings

    0.08 miles

  • Alloush Grill

    0.15 miles

  • Red Robin

    0.19 miles

  • Panera Bread

    0.22 miles

  • Big Boy

    0.24 miles

  • Subway

    0.25 miles

  • Buca de Beppo

    0.71 miles

  • Fleming's Prime Steakhouse & Wine Bar

    0.85 miles

  • Sheesh

    0.87 miles

  • Cottage Inn Pizza

    0.87 miles

  • Holmes Middle School

    0.44 miles

  • Dickinson Junior High School (former)

    0.52 miles

  • Niji-Iro Elementary

    0.68 miles

  • Hoover Elementary School

    0.80 miles

  • Schoolcraft College

    0.88 miles

  • Madonna University

    1.33 miles

  • Northville Montessori Center

    1.35 miles

  • North West Wayne Trainable Center

    1.45 miles

  • Metropolitan Seventh Day Adventist Junior Academy

    1.45 miles

  • Lewis Cass Elementary School

    1.46 miles

  • KinderCare

    0.65 miles

  • Montessori Center of Our Lady

    1.56 miles

  • The Learning Tree Child Care Center - North

    1.85 miles

  • Livonia Little Tots

    2.31 miles

  • Allen Early Learning Academy

    3.55 miles

  • Learning Tree

    3.72 miles

  • St. Peter's Evangelical Lutheran School

    4.01 miles

  • The Learning Experience

    4.82 miles

  • Little Hearts Learning Home - Child Care and Pre-School

    5.04 miles

  • Tutor Time

    5.28 miles

Frequently Asked Questions

What is the total square footage of Laurel Park Center?

Laurel Park Center totals 59,075 square feet.

When was this property built?

Laurel Park Center was built in 1984.

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