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    613 Abbott St Detroit, MI 48226

    For Lease
    $23 SF/Yr

    Premium CBD Office Space, Flexible Sizes

    Lot size:
    82,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional six-story Class B office building, located in Detroit's central business district (CBD) at 613 Abbott St, offers a variety of executive office suites. The property boasts a total of 82,200 square feet, with flexible space options ranging from a minimum of 1,604 square feet to a maximum contiguous space of 27,188 square feet. Currently, there are 28,792 square feet of vacant space available for lease. Built in 1989, the building sits on a 0.6-acre lot and features generous window lines throughout. The property is undergoing planned upgrades to common areas and amenities by the new ownership, Time Equities, Inc. These improvements will enhance the already impressive features, including an on-site amphitheater, cafeteria, and conference room. The building also presents a unique opportunity for prominent building signage. The property is ideally suited for businesses seeking a prestigious address in the heart of Detroit's vibrant downtown core, offering multiple tenancy options. This is a rare opportunity to secure high-quality office space in a prime location with significant potential for growth and visibility. The property's central location provides easy access to major transportation routes and a wealth of amenities. The minimum divisible space is 1,604 square feet, making it suitable for a range of business sizes.

    Property Features for 613 Abbott St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,200 SF
    Class
    B
    Total Rate
    160975

    Building Details

    Year Built
    1989
    Stories
    6

    Unit(s) available at that property

    Space
    Available Sapce
    Size
    29,110 SF
    Rate per SF
    $23

    HighLights

    • Six‑story Class B office building totaling 82,200 square feet in Detroit's CBD.
    • 28,792 square feet of vacant space available for lease, with suites ranging from 1,604 to 27,188 contiguous square feet.
    • Located on a 0.6‑acre lot at 613 Abbott St, built in 1989.
    • Features include on‑site amphitheater, cafeteria, conference room, and prominent building signage opportunities.
    • Planned common area and amenity upgrades by Time Equities, Inc.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Legal Aid and Defender ... Attorney Federal Defender Office Attorney De Armas and De ... Immigration Attorney MSM Networking Solutions ... Establishment Alafia Foundation of Hope ... Non-Governmental Organization

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0553507
    Latitude
    42.3303572

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    FAQs

    What type of property is this?
    Office space - Premium CBD Office Space, Flexible Sizes
    Where is this office space located?
    The property is located at 613 Abbott St Detroit, MI.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Six-story Class B office building totaling 82,200 square feet in Detroit's CBD.; 28,792 square feet of vacant space available for lease, with suites ranging from 1,604 to 27,188 contiguous square feet.; Located on a 0.6-acre lot at 613 Abbott St, built in 1989.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    613 Abbott St Detroit, MI 48226
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