Laurel Office Park III

Off-Market

17197 North Laurel Park Drive, Livonia, MI 48152

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 215,016 SF
  • Lot Size 9.93 Acre
  • Parking Spaces Avail. 1008
  • Parking Ratio 4.69 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1989

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.

  • 2022 Avg. Asking Rent $17.10
  • 2022 Office Vacancy Rate 20.24%
  • 2022 Office Completions (SF) 126,079

Livonia Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $39.83
  • 2022 Office Sales Volume $8.8M
  • 2022 Number of Transactions 3
View more Livonia market trends

Location

Getting Around

  • Walk Score ®

    33/100 Car-Dependent
  • Bike Score ®

    61/100 Bikeable
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

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 Laurel Office Park III last sold?

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

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