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Office Units with Secured Parking
For Lease
$15 SF/Yr

1020 Springwells St, Detroit, MI 48209

B4-zoned office space offers a turn-key configuration for commercial occupancy.

Space SizeContact for details
Property Size3,195 SF
Days on Market10

Property Features for 1020 Springwells St

General Information

Standard status Active
Size 3,195 SF
Class C
Total Parking Spaces 16
Property subtype Office
Zoning B4

Space & Availability

Space Use Office
Condition Turnkey

Amenities

secured parking

Building Details

Building Size 3,195 SF
Year Built 1965
Stories 1
Tenancy Single Tenant
Listing Agency: Signature Associates - Southfield
Listed By: Joe Stack
Source: Cpix.resimplifi
Added: Oct 9 Changed: Oct 16 Last Checked: Oct 16 at 2:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates - Southfield

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Investment Insights

Based on property information with market context.

This 3,195-square-foot office property was built in 1965 and is zoned B4. The space is described as turn-key and includes secured parking.

Located at 1020 Springwells St in Detroit, the property is offered for rent.

Key Highlights

  • 3,195 square feet of office space
  • B4 zoning
  • Secured parking

Property Analytics

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Current Use

Howard & Gupta Law ... Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Gym & Fitness Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

Demographics for 48209, MI

27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Detroit, MI

$24.63 /SF/Yr
Avg Asking Price
$7–$150 /SF/Yr
Price Range
37,194 SF
Avg Space Size

This space is priced 39% below the average of $24.63 /SF/Yr.

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025

Frequently Asked Questions

What type of property is this?
Office units - B4-zoned office space offers a turn-key configuration for commercial occupancy.
Where is this office units located?
The property is located at 1020 Springwells St Detroit, MI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 3,195 square feet of office space; B4 zoning; Secured parking
More about this property
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