Class A Office Building with
For Lease
$19.50 SF/Yr
3031 W Grand Blvd, Detroit, MI 48202
Class A office building offers atrium access, two entrances, and exclusive loading dock access.
Space SizeContact for details
Property Size649,056 SF
Days on Market1425
Property Features for 3031 W Grand Blvd
General Information
Standard status
Active
Size
649,056 SF
Class
B
Property subtype
Office
Zoning
B5
Lease Type
Modified Gross
Additional Details
Lease Term
120 months
Clear Height
18 ft
Amenities
atrium
bank
post office
conference facility
loading dock
covered parking deck
Building Details
Building Size
649,056 SF
Year Built
1982
Buildings
1
Stories
8
Tenancy
Multi
Listing Agency:
NAI Farbman
Listed By:
Wendy Acho · License #6501411463
(248) 563-0739
Source:
Cpix.resimplifi
Added: Oct 12, 2022
Changed: Aug 8
Last Checked: Sep 5 at 3:45AM
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 NAI Farbman
Investment Insights
Based on property information with market context.
This Class A office building features an atrium and two building entrances, including an interior atrium entrance with access to on-site retail stores, banks, daycare, and a food court. Space configurations support up to 29,000 SF contiguous availability, and typical ceiling heights are stated at 12 ft. to the grid and 18 ft. to the deck. The building also provides exclusive access to a loading dock.
Situated in the New Center area near Wayne State University and the Henry Ford Hospital campus, the property is described as having strong street visibility and foot traffic from neighboring buildings. The location is within steps of the QLINE with a station stop for fast access to the CBD, and bus route access is also noted.
On-site parking is described as abundant, including an adjacent parking lot and a covered parking deck serving the main retail entrance, with additional building parking. The building is also connected by walkway to approximately 2 million SF of office space servicing 2,000 employees daily, supporting ongoing daily activity in the complex.
Situated in the New Center area near Wayne State University and the Henry Ford Hospital campus, the property is described as having strong street visibility and foot traffic from neighboring buildings. The location is within steps of the QLINE with a station stop for fast access to the CBD, and bus route access is also noted.
On-site parking is described as abundant, including an adjacent parking lot and a covered parking deck serving the main retail entrance, with additional building parking. The building is also connected by walkway to approximately 2 million SF of office space servicing 2,000 employees daily, supporting ongoing daily activity in the complex.
Key Highlights
- Class A office in New Center with excellent street visibility and significant foot traffic from neighboring buildings
- Up to 29,000 SF contiguous office space available
- Atrium access plus two entrances, including an interior atrium entrance to retail, banks, daycare, and food court
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.93 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,237
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
Market
Lease Benchmarks for Detroit, MI
$22.89 /SF/Yr
Avg Asking Price
$15.95–$30 /SF/Yr
Price Range
67,933 SF
Avg Space Size
This space is priced 15% below the average of $22.89 /SF/Yr.
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Office building - Class A office building offers atrium access, two entrances, and exclusive loading dock access.
Where is this office building located?
The property is located at 3031 W Grand Blvd Detroit, MI.
What is the lease rate?
The lease rate is $19.50 SF/Yr.
What are key features of this property?
This property features: Class A office in New Center with excellent street visibility and significant foot traffic from neighboring buildings; Up to 29,000 SF contiguous office space available; Atrium access plus two entrances, including an interior atrium entrance to retail, banks, daycare, and food court
