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Laurel Office Park III

Off-Market

17197 North Laurel Park Drive, Livonia, MI 48152

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  • Property Type Office - General Office
  • Property Size 215,016 SF
  • Lot Size 9.93 Acre
  • Parking Spaces Avail. 1010
  • Parking Ratio 4.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

  • Walk Score ® Car-Dependent (32)
  • Bike Score ® Bikeable (61)
Powered by Walk Score ®
  • City Livonia, MI
  • Neighborhood Livonia Hill - Caliburn
  • Zip Code 48152
  • Market Detroit

Points of Interest

2 stations

0.22 miles

Marathon

0.56 miles

Mobil

0.64 miles

Speedway

0.82 miles

Costco Gasoline

1.18 miles

Marathon

1.38 miles

Shell

1.41 miles

Exxon

1.54 miles

Mobil

1.64 miles

BP

1.67 miles

South Parking Lot

0.39 miles

East Parking Lot

0.44 miles

Center Parking Lot

0.55 miles

North Parking Lot

0.59 miles

North Parking Lot

0.68 miles

Seven Mile Parking Lot

0.71 miles

Special Events Parking

1.46 miles

Parking Lot B

1.54 miles

Parking Lot A

1.58 miles

MDOT Carpool Lot

1.71 miles

TownePlace Suites

0.29 miles

Detroit Marriott Livonia

0.31 miles

Fairfield Inn

0.33 miles

Residence Inn

0.36 miles

Embassy Suites by Hilton Detroit Livonia Novi

1.07 miles

Hampton

1.70 miles

Holiday Inn Express & Suites

1.94 miles

Sheraton

2.03 miles

Country Inn & Suites by Radisson, Novi, MI

2.30 miles

The Inn at St. John's

3.05 miles

Subway

0.34 miles

Fleming's Prime Steakhouse & Wine Bar

0.38 miles

Red Robin

0.42 miles

Buca de Beppo

0.42 miles

Sushi & Rolls

0.46 miles

Bravo

0.47 miles

Mitchell's Fish Market

0.47 miles

Potbelly

0.48 miles

Buffalo Wild Wings

0.48 miles

P.F. Chang's

0.56 miles

Schoolcraft College

0.32 miles

Dickinson Junior High School (former)

0.57 miles

Niji-Iro Elementary

0.83 miles

Holmes Middle School

0.99 miles

Northville Montessori Center

1.35 miles

Hoover Elementary School

1.36 miles

Metropolitan Seventh Day Adventist Junior Academy

1.44 miles

Northville Christian Academy

1.51 miles

Newburgh School

1.66 miles

Winchester Elementary School

1.75 miles

KinderCare

0.37 miles

Montessori Center of Our Lady

2.03 miles

The Learning Tree Child Care Center - North

2.16 miles

Livonia Little Tots

2.85 miles

Allen Early Learning Academy

3.78 miles

St. Peter's Evangelical Lutheran School

3.98 miles

Learning Tree

4.28 miles

Little Hearts Learning Home - Child Care and Pre-School

4.59 miles

The Learning Experience

4.79 miles

Tutor Time

5.21 miles

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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Documents

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Sales

  • Purchase Date 17 Dec, 2010
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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.

  • 2020 Avg. Asking Rent $20.33
  • 2020 Office Vacancy Rate 19.58%
  • 2020 Office Completions (SF)
View more Livonia market trends

Tax

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

Frequently Asked Questions

What is the total square footage of Laurel Office Park III?

Laurel Office Park III totals 215,016 square feet.

When was this property built?

Laurel Office Park III was built in 1989.

When was Laurel Office Park III last sold?

Laurel Office Park III was last sold on 17 Dec, 2010.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.