45 ARCTIC ST
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Location
45 ARCTIC ST
Mblu
04/ 015/ 00016/ /
Acct#
04-015-00016
Owner
274 FRANKLIN GROUND OWNER LLC
Total Market Value
$881,800
PID
52136
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$807,900$73,900$881,800

Owner of Record
Owner274 FRANKLIN GROUND OWNER LLC
Co-Owner
Address251 LITTLE FALLS DR
WILMINGTON, DE 19808
Sale Price$13,500,000
Certificate
Book & Page 71885/0283
Sale Date04/22/2025
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
274 FRANKLIN GROUND OWNER LLC$13,500,000 71885/02831V04/22/2025
BENJAMIN ASSOCIATES LLC$4,868,237 71817/02631V04/03/2025
ARCTIC STREET LLC$850,000 48356/00841V01/03/2012
SUNWARD MANOR LLC$1,750,000 48269/01341L12/14/2011
FIRST COLUMBUS REALTY LLC$0 31990/0333 10/17/2003

Building Information
Building 1 : Section 1
Year Built: 1900
Living Area: 63,936
Replacement Cost: $3,747,210
Building Percent Good: 21
Replacement Cost
Less Depreciation:
$786,900
Building Attributes
FieldDescription
Style:Mill Type Warehouse
ModelCommercial
GradeAVE MASONRY
Stories:4
Occupancy1.00
Exterior Wall 1Brick/Stone
Exterior Wall 2 
Roof StructureWood Truss
Roof CoverAsph/Fbgl/Comp
Interior Wall 1Drywall/Shtrk
Interior Wall 2 
Interior Floor 1Wood
Interior Floor 2 
Ext. Qual.GOOD
Int. Qual.FAIR
Bldg UseIND WHSES
Bath Grade 
Elevator100
Sprinkler100
1st Floor Use:4010
Heat/ACElectric
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/Wall 
Rooms/Prtns 
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
GLUGLA - Upper Story 47,952 47,952
GLAGross Leasable Area 15,984 15,984
UBMBasement, Unfinished 15,984 0
   79,920 63,936

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELVElevator4.00 Story$21,0001

Land
Land Use
Use Code4010
DescriptionIND WHSES  
ZoneBG-3
Neighborhood4
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)15709
Depth
Total Market Land$73,900

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$807,900$68,800$876,700
2024$746,400$68,800$815,200
2023$725,400$59,800$785,200

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