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Two Towne Square

Off-Market

2 Towne Square, Southfield, MI 48076

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  • Property Type Office - General Office
  • Property Size 198,398 SF
  • Lot Size 8.66 Acre
  • Parking Spaces Avail. 793
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2001

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

Troy

5.28 miles

Royal Oak

5.49 miles

CDM Transport LLC

5.74 miles

Sunoco

3.28 miles

BP

4.37 miles

Marathon

4.59 miles

Exxon

4.84 miles

Sunoco

5.26 miles

Marathon

5.64 miles

Ferndale Public Library

6.39 miles

Sunoco

7.95 miles

Livonia, MI Supercharger

8.08 miles

Marathon

8.65 miles

Parking Lot C

0.44 miles

Parking Lot G

4.61 miles

Lot 6

6.12 miles

Lot 9

6.15 miles

Vistor Parking Lot B

7.61 miles

Student / Vistor Parking Lot D

7.75 miles

Special Events Parking

8.89 miles

Car Pool Parking

9.01 miles

West Campus Associate Parking

9.06 miles

Seven Mile Parking Lot

9.86 miles

Detroit Marriott Southfield

1.15 miles

Marvins Garden Inn

1.85 miles

Red Roof Inn

1.93 miles

Ramada by Wyndham Southfield

2.43 miles

Cranbrook Inn

3.82 miles

Riviera Motel Detroit

4.64 miles

Grand Tulane Motel

4.87 miles

Baymont by Wyndham Ferndale/Royal Oak

4.96 miles

Holiday Inn Express Detroit-Birmingham

5.09 miles

Homewood Suites by Hilton Detroit-Troy

5.92 miles

Hollywood Coney Island

5.08 miles

A&W

5.30 miles

Taco Bell

5.71 miles

Benito's Pizza

5.89 miles

KFC

6.16 miles

Rainbow Chinese Restaurant

6.43 miles

Zorba's

6.62 miles

Bistro Le Bliss

6.82 miles

Left's Cheesesteak

7.27 miles

Subway

7.76 miles

Lawrence Technological University

0.66 miles

Southfield Christian School

1.18 miles

Southfield-Lathrup High School

1.58 miles

Brother Rice High School

3.72 miles

Wayne County Community College Northwest Campus

4.57 miles

Blackwell Christian Academy

5.05 miles

Oakland Community College - Royal Oak Campus

5.60 miles

Oakland Community College at Orchard Ridge

5.86 miles

Cranbrook Academy of Art

6.00 miles

Lewis College of Business

6.14 miles

Harmony Montessori Center

3.63 miles

Stepping Out On Faith Learning Center & Childcare

3.64 miles

Creative Learning Children's College

4.00 miles

KinderCare

4.32 miles

Green Garden Child Development Center

4.41 miles

Academy of Detroit-West

5.13 miles

Bloomin' Kids Preschool at Conant

5.65 miles

Nature's Playhouse

6.06 miles

Minto's Casa

6.43 miles

Everbrook Academy of West Bloomfield

6.76 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* $16,699,160
  • Assessed Value $16,699,160

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 Two Towne Square?

Two Towne Square totals 198,398 square feet.

When was this property built?

Two Towne Square was built in 2001.

What is the market value for Two Towne Square?

The market value* for Two Towne Square in 2022 was $16,699,160.
*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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