1220-1270 Rankin Drive

Off-Market

1220 Rankin Drive, Troy, MI 48083

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

  • Property Type Industrial - Flex - Industrial
  • Property Size 125,595 SF
  • Lot Size 4 Acre
  • Parking Spaces Avail. 288
  • Parking Ratio 2.30 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1982

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

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 Troy

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 Troy Office Market

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

  • 2022 Avg. Asking Rent $20.14
  • 2022 Office Vacancy Rate 27.57%
  • 2022 Office Completions (SF)

Troy Office Sales Trends

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

  • 2022 Avg. Price per SF $97.30
  • Y-o-Y Avg. PpSF Change 13.32%
  • 2022 Office Sales Volume $141.4M
  • 2022 Number of Transactions 8
View more Troy market trends

Location

Getting Around

  • Walk Score ®

    34/100 Car-Dependent

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48083
  • Market Detroit

Points of Interest

  • Troy

    3.20 miles

  • Royal Oak

    3.79 miles

  • CDM Transport LLC

    9.19 miles

  • Speedway

    0.50 miles

  • Sunoco

    0.55 miles

  • Shell

    0.57 miles

  • Citgo

    0.67 miles

  • Mobil

    0.69 miles

  • Sunoco

    0.71 miles

  • Exxon

    1.00 miles

  • Citgo

    1.06 miles

  • BP

    1.12 miles

  • Marathon

    1.18 miles

  • Somerset Parking Lot

    3.23 miles

  • Main North Garage

    3.61 miles

  • North Parking Deck

    3.66 miles

  • Valet

    3.72 miles

  • South Parking Deck

    3.84 miles

  • Lafayette Avenue Parking Structure

    3.86 miles

  • West Parking Deck (Employee only)

    3.88 miles

  • (Employee only)

    3.90 miles

  • Employee and Student Parking (south)

    3.91 miles

  • Student Parking

    4.15 miles

  • Lebanese Grill

    0.52 miles

  • Hippo's Hotdogs

    0.54 miles

  • Outback Steakhouse

    0.62 miles

  • Mon Jin Lau

    0.63 miles

  • Dairy Bar

    0.66 miles

  • Applebee's

    0.66 miles

  • Tubby's

    0.67 miles

  • New York Red Hots Coney Island

    0.67 miles

  • McDonald's

    0.72 miles

  • Twin Peaks

    0.75 miles

  • Macy's

    0.82 miles

  • JCPenney

    0.89 miles

  • Oakland Mall

    0.93 miles

  • 168 Asian Mart

    1.25 miles

  • Big Lots

    1.28 miles

  • Target

    1.41 miles

  • China Town Market

    1.55 miles

  • Tienda Mexicana

    1.57 miles

  • ALDI

    1.83 miles

  • Kroger

    1.86 miles

  • CVS Pharmacy

    0.61 miles

  • AccelerateKID

    0.99 miles

  • Clawson Police

    1.02 miles

  • Clawson Fire Station

    1.07 miles

  • Troy Fire Station 1

    1.50 miles

  • Henry Ford Medical Center - Troy

    1.63 miles

  • Madison Heights City Fire Department

    1.68 miles

  • Madison Heights Police Department

    1.70 miles

  • CVS Pharmacy

    1.73 miles

  • Royal Oak Fire Station 3

    1.74 miles

Frequently Asked Questions

What is the total square footage of 1220-1270 Rankin Drive?

1220-1270 Rankin Drive totals 125,595 square feet.

When was this property built?

1220-1270 Rankin Drive was built in 1982.

What is the market value for 1220-1270 Rankin Drive?

The market value* for 1220-1270 Rankin Drive in 2023 was $7,137,920.
*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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