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    1514 Washington Blvd Detroit, MI 48226

    Sponsored
    For Lease
    $12 SF/Yr

    Downtown Detroit Office Suites: 2,500-10,000 SF Available

    Lot size:
    69,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8-story, 69,132 square foot office building, constructed in 1950, offers a unique opportunity for businesses seeking prestigious downtown Detroit space. Located at the northeast corner of Washington Boulevard and Clifford Avenue, this single-tenancy building boasts a prime location in Wayne County's central business district (CBD). The property's convenient location places it within walking distance of a diverse array of amenities, including office buildings, residential properties, entertainment venues, shopping, and sporting facilities. The building's proximity to Grand Circus Park and its adjacent people mover station ensures excellent accessibility and connectivity. Available space ranges from 2,500 to 10,000 square feet of furnished office space, currently totaling 10,000 square feet of vacancy within the building's 69,132 square feet. The suites feature desirable characteristics including hardwood floors, exposed ceilings, and abundant natural light. The building includes elevators for convenient access to all floors. This property presents a rare chance to secure a well-situated, attractive office space in the heart of Detroit's vibrant urban core. The building's location on a streetscape with a pedestrian park enhances its appeal and provides easy access to the surrounding neighborhood. This is an ideal location for businesses seeking a blend of modern amenities and historic charm.

    Property Features for 1514 Washington Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,132 SF
    Total Rate
    69132

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    8

    Unit(s) available at that property

    Space
    Size
    10,000 SF
    Rate per SF
    $12

    HighLights

    • 69,132 SF office building in Wayne County.
    • 10,000 SF of vacant space available.
    • Single‑tenant occupancy.
    • Creative, traditional, and executive office space options.
    • Eight‑story building constructed in 1950.
    • Located at Washington & Clifford, near Grand Circus Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trusted Forklift Certification Training Centre Shipdaddy Studio Consultant Town Partners Real Estate Developer Sparrow Porta Portable Toilet Supplier Top Solutions Cooling ... Hvac Contractor

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Daycare Center Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0506271
    Latitude
    42.3349359

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    FAQs

    What type of property is this?
    Office space - Downtown Detroit Office Suites: 2,500-10,000 SF Available
    Where is this office space located?
    The property is located at 1514 Washington Blvd Detroit, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 69,132 SF office building in Wayne County.; 10,000 SF of vacant space available.; Single-tenant occupancy.
    Request Owner's contact information
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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
    1514 Washington Blvd Detroit, MI 48226
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