Spirit Forge Professional Center

Off-Market

38283 Mound Road, Sterling Heights, MI 48310

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

  • Property Type Office - Medical Office
  • Property Size 54,437 SF
  • Lot Size 5.53 Acre
  • Parking Spaces Avail. 246
  • Parking Ratio 4.53 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1999

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 Date 26 Dec, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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.

  • 2022 Avg. Asking Rent $17.93
  • 2022 Office Vacancy Rate 26.30%
  • 2022 Office Completions (SF)
View more Sterling Heights market trends

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48310
  • Market Detroit

Points of Interest

  • Troy

    7.44 miles

  • Royal Oak

    7.66 miles

  • Marathon

    0.34 miles

  • Exxon

    0.68 miles

  • BP

    1.14 miles

  • eVgo

    1.15 miles

  • BP

    1.17 miles

  • Mobil

    1.21 miles

  • Mobil

    1.21 miles

  • 7-Eleven

    1.28 miles

  • Shell

    1.31 miles

  • Mobil

    1.35 miles

  • QPark

    3.62 miles

  • Parking Garage

    3.71 miles

  • Parking Garage

    4.19 miles

  • Parking Garage

    4.60 miles

  • Parking Garage

    4.64 miles

  • Parking Lot 5C

    5.61 miles

  • Parking Lot 11

    5.68 miles

  • Parking Lot 5B

    5.70 miles

  • Parking Lot 10

    5.72 miles

  • Staff Parking Lot 5a

    5.74 miles

  • Wyndham Garden Hotel

    2.00 miles

  • Super 8

    2.18 miles

  • Extended Stay America

    2.66 miles

  • King Richard Motel

    3.06 miles

  • Comfort Inn

    3.10 miles

  • Best Western Warren Hotel

    3.11 miles

  • Days Inn & Suites by Wyndham Warren

    3.19 miles

  • Sonesta Simply Suites Detroit Warren

    3.19 miles

  • Hampton Inn & Suites

    3.26 miles

  • Motel 6

    3.80 miles

  • McDonald's

    0.61 miles

  • Taco Bell

    1.12 miles

  • Dunkin' Donuts

    1.15 miles

  • House of Reuben

    1.23 miles

  • Applebee's

    1.24 miles

  • Subway

    1.25 miles

  • Chicken Shack

    1.27 miles

  • Sonic

    1.34 miles

  • Panera Bread

    1.39 miles

  • Culver's

    1.47 miles

  • Warren North School

    0.77 miles

  • Jefferson Elementary School

    0.83 miles

  • Flynn Educational Center

    1.30 miles

  • Messmore Elementary School

    1.53 miles

  • Hatherly Education Center

    1.56 miles

  • Schuchard Elementary School

    1.60 miles

  • Grissom Middle School

    1.65 miles

  • UCS Alternative Learning Center

    1.66 miles

  • Plumbrook Elementary School

    1.71 miles

  • Jeannette Junior High

    1.72 miles

  • Boys & Girls Club of Troy

    2.88 miles

  • Academy 4 Lil' Angels

    4.28 miles

  • Small Wonders

    4.47 miles

  • Gateway Country Day & Child Care Center

    5.35 miles

  • Little Bright Stars Learning Center

    5.97 miles

  • The Learning Center

    6.38 miles

  • The Learning Experience - Troy

    6.38 miles

  • Warren Woods Day Care

    6.82 miles

  • Early Childhood Center

    6.89 miles

  • Green Garden Child Development Center

    8.41 miles

Frequently Asked Questions

What is the total square footage of Spirit Forge Professional Center?

Spirit Forge Professional Center totals 54,437 square feet.

When was this property built?

Spirit Forge Professional Center was built in 1999.

When was Spirit Forge Professional Center last sold?

Spirit Forge Professional Center was last sold on 26 Dec, 2019.

What is the property tax for Spirit Forge Professional Center?

The property tax for Spirit Forge Professional Center in 2023 was $90,064.

What is the market value for Spirit Forge Professional Center?

The market value* for Spirit Forge Professional Center in 2023 was $3,709,859.
*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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