One Towne Square

1 Towne Square, Southfield, MI 48076

Off-Market

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 470,000 SF
  • Lot Size 10.03 Acre
  • Parking Spaces Avail. 1880
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1992

Location

  • Walk Score ® Car-Dependent (35)
  • Bike Score ® Somewhat Bikeable (41)
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48076
  • Market Detroit

Points of Interest

Transportation

Troy

5.22 miles

Royal Oak

5.47 miles

CDM Transport LLC

5.79 miles

Fuel station

Marathon

2.70 miles

Speedway

3.70 miles

Citgo

3.77 miles

Mobil

5.00 miles

Ferndale Public Library

6.40 miles

Marathon

6.76 miles

Citgo

7.10 miles

Mobil

7.42 miles

Marathon

7.56 miles

Livonia, MI Supercharger

8.15 miles

Parking

North Parking Deck

3.97 miles

Lot 1C

5.67 miles

Lot 2

5.74 miles

Church parking lot

6.43 miles

Lawrence C. Falvey Parking Lot

6.43 miles

Student Parking Lot I

7.69 miles

Student / Vistor Parking Lot D

7.79 miles

Radiation Oncology Center Parking

9.07 miles

Visitor's Parking

9.18 miles

MDOT Carpool Lot

9.90 miles

Hotels

Detroit Marriott Southfield

1.15 miles

Cranbrook Inn

3.86 miles

Park Motel of Farmington

5.31 miles

Inn America

6.50 miles

Hampton Inn & Suites

7.30 miles

Hilton Garden Inn

7.38 miles

Rodeway Inn

7.59 miles

Hampton Inn Detroit/Madison Heights/South Troy

7.63 miles

Baymont by Wyndham Madison Heights Detroit Area

7.69 miles

Royal Budget Inn

7.71 miles

Restaurants

KFC

1.68 miles

Bates' Hamburgers

4.64 miles

Detroit Vegan Soul

5.31 miles

Beijing Garden

5.45 miles

Little Caesars

5.46 miles

Blaze Pizza

5.62 miles

Niki's Restaurant

5.65 miles

May's Bangkok Express

6.18 miles

Subway

6.20 miles

The Flytrap

6.26 miles

Education

Lawrence Technological University

0.73 miles

Glenn W. Levey Middle School

2.54 miles

Avery School & Berkley School District Administrative Offices

3.11 miles

Pattengill School

3.49 miles

Wayne County Community College Northwest Campus

4.63 miles

Oakland Community College - Royal Oak Campus

5.59 miles

Oakland Community College at Orchard Ridge

5.86 miles

Cranbrook Academy of Art

5.93 miles

Lewis College of Business

6.19 miles

Harlan Elementary School

6.46 miles

Child care

Harmony Montessori Center

3.62 miles

Stepping Out On Faith Learning Center & Childcare

3.64 miles

KinderCare

4.34 miles

Green Garden Child Development Center

4.40 miles

Old Redford Pre-Kindergarten Academy

4.66 miles

Tutor Time

5.26 miles

Nature's Playhouse

6.08 miles

Everbrook Academy of West Bloomfield

6.73 miles

Helping Hands child care

7.77 miles

The Learning Tree Child Care Center - North

7.85 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 Price
  • Arm's Length True
  • Buyer Name

Mortgages

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

Market Trends

Average Actual Rents in Southfield

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 Southfield Office Market

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

  • 2020 Avg. Asking Rent $21.49
  • 2020 Office Vacancy Rate 19.28%
  • 2020 Office Completions (SF)
View more Southfield market trends

Tax

  • Market Value* $38,506,860
  • Assessed Value $38,506,860

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of One Towne Square?

One Towne Square totals 470,000 square feet.

When was this property built?

One Towne Square was built in 1992.

What is the market value for One Towne Square?

The market value* for One Towne Square in 2022 was $38,506,860.
*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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