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5980-6335 Progress Drive

Off-Market

5980 Progress Drive, Sterling Heights, MI 48312

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

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 254,101 SF
  • Lot Size 18.4 Acre
  • Parking Spaces Avail. 660
  • Parking Ratio 2.60/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2001

Location

  • Walk Score ® Car-Dependent (35)
  • Bike Score ® Somewhat Bikeable (37)
Powered by Walk Score ®
  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48312
  • Market Detroit

Points of Interest

Royal Oak

7.44 miles

Troy

7.50 miles

Exxon

0.24 miles

Marathon

0.82 miles

Mobil

0.89 miles

Meijer

1.04 miles

Zazz Gas

1.16 miles

BP

1.18 miles

Mobil

1.19 miles

BP

1.21 miles

BP

1.26 miles

eVgo

1.29 miles

Parking Garage

3.21 miles

Parking Garage

3.69 miles

Parking Garage

4.10 miles

QPark

4.11 miles

Parking Garage

4.16 miles

Parking Garage

4.20 miles

Parking Lot 5C

5.72 miles

Parking Lot 5B

5.81 miles

Parking Lot 11

5.83 miles

Staff Parking Lot 5a

5.86 miles

McDonald's

0.18 miles

House of Reuben

0.88 miles

Subway

0.91 miles

Applebee's

0.98 miles

Chicken Shack

0.99 miles

Sonic

0.99 miles

Panera Bread

1.01 miles

Taco Bell

1.02 miles

Culver's

1.08 miles

Hardee's

1.09 miles

Meijer

1.14 miles

Shopping Center

1.54 miles

Max International

1.60 miles

Aldi

1.90 miles

Target

1.93 miles

The Shops at Sterling Ponds

2.06 miles

Aldi

2.15 miles

H Mart

2.17 miles

Walmart Supercenter

2.18 miles

Polish Market

2.43 miles

Walgreens

1.10 miles

Sterling heights Fire station 1

1.20 miles

Sterling Heights No. 3

1.28 miles

Rite Aid

1.37 miles

CVS Pharmacy

1.68 miles

Henry Ford Medical Center - Sterling Heights

1.76 miles

Reno Chiropractic

2.13 miles

Optometry

2.14 miles

Family Dentistry

2.16 miles

CVS Pharmacy

2.18 miles

Contacts

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Owner

  • True Owner
  • Registered 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 Sterling Heights

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 Sterling Heights Office Market

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

  • 2020 Avg. Asking Rent $19.48
  • 2020 Office Vacancy Rate 5.71%
  • 2020 Office Completions (SF)
View more Sterling Heights market trends

Tax

  • Property Tax in 2022 $323,822
  • Market Value* $16,640,047
  • Assessed Value $16,640,047

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 5980-6335 Progress Drive?

5980-6335 Progress Drive totals 254,101 square feet.

When was this property built?

5980-6335 Progress Drive was built in 2001.

What is the property tax for 5980-6335 Progress Drive?

The property tax for 5980-6335 Progress Drive in 2022 was $323,822.

What is the market value for 5980-6335 Progress Drive?

The market value* for 5980-6335 Progress Drive in 2022 was $16,640,047.
*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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