Chicago Research Center

Off-Market

769 Chicago Road, Troy, MI 48083

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

  • Property Type Office - Flex - Office
  • Property Size 125,903 SF
  • Lot Size 7.19 Acre
  • Parking Spaces Avail. 503
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984

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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Brokers

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Documents

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Sales

  • Purchase Date 10 Aug, 2010
  • 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 ®

    27/100 Car-Dependent
  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48083
  • Market Detroit

Points of Interest

  • Troy

    3.88 miles

  • Royal Oak

    4.02 miles

  • CDM Transport LLC

    9.44 miles

  • BP

    0.58 miles

  • Sunoco

    0.59 miles

  • Shell

    0.64 miles

  • Marathon

    0.64 miles

  • Mobil

    0.66 miles

  • Mobil

    0.67 miles

  • Amoco

    0.68 miles

  • Speedway

    1.02 miles

  • Citgo

    1.19 miles

  • Sunoco

    1.23 miles

  • Main North Garage

    3.82 miles

  • Somerset Parking Lot

    3.84 miles

  • Lafayette Avenue Parking Structure

    4.10 miles

  • North Parking Deck

    4.27 miles

  • Parking Garage

    4.31 miles

  • Parking Garage

    4.33 miles

  • Valet

    4.34 miles

  • South Parking Deck

    4.44 miles

  • West Parking Deck (Employee only)

    4.49 miles

  • Employee and Student Parking (south)

    4.50 miles

  • Holiday Inn Express and Suites

    0.38 miles

  • TownePlace Suites Detroit Troy

    0.53 miles

  • Tru by Hilton Troy Detroit

    0.54 miles

  • Fairfield Inn & Suites Detroit Troy

    0.57 miles

  • Courtyard by Marriott

    0.60 miles

  • Baymont by Wyndham Madison Heights Detroit Area

    0.70 miles

  • Extended Stay America - Detroit - Madison Heights

    0.74 miles

  • Rodeway Inn

    0.77 miles

  • Residence Inn by Marriott Detroit Troy/Madison Heights

    0.77 miles

  • Days Inn & Suites by Wyndham Madison Heights MI

    0.78 miles

  • Chili's

    0.55 miles

  • Krispy Kreme

    0.59 miles

  • Mon Jin Lau

    0.61 miles

  • Steak 'n Shake

    0.63 miles

  • Grand Azteca

    0.63 miles

  • Sonic

    0.64 miles

  • Twin Peaks

    0.65 miles

  • Bob Evans

    0.66 miles

  • New York Red Hots Coney Island

    0.67 miles

  • Burger King

    0.68 miles

  • Troy Career Center

    0.33 miles

  • Lamphere High School

    1.18 miles

  • Guardian Angels School

    1.37 miles

  • Troy Continuing Education

    1.42 miles

  • Troy College and Career High School

    1.43 miles

  • Morse Elementary School

    1.45 miles

  • Susick Elementary School

    1.47 miles

  • Plain English CRM Solutions

    1.59 miles

  • Clawson High School

    1.76 miles

  • Clawson Middle School

    1.76 miles

  • Gateway Country Day & Child Care Center

    1.44 miles

  • Boys & Girls Club of Troy

    2.19 miles

  • Green Garden Child Development Center

    4.59 miles

  • Small Wonders

    4.97 miles

  • The Learning Center

    5.00 miles

  • The Learning Experience - Troy

    5.00 miles

  • Harmony Montessori Center

    5.27 miles

  • Stepping Out On Faith Learning Center & Childcare

    5.42 miles

  • Early Childhood Center

    5.47 miles

  • Green Garden Child Development Center

    6.36 miles

Frequently Asked Questions

What is the total square footage of Chicago Research Center?

Chicago Research Center totals 125,903 square feet.

When was this property built?

Chicago Research Center was built in 1984.

When was Chicago Research Center last sold?

Chicago Research Center was last sold on 10 Aug, 2010.

What is the market value for Chicago Research Center?

The market value* for Chicago Research Center in 2023 was $8,973,800.
*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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