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Historic Multi-Building Office Property
For Sale
$1,250,000

117 N State Street lot 21, Jackson, MS 39201

Commercial Sale, Jackson, MS

Property Size18,652 SF
Lot Size0.20 Acres
Price / SF$67.02
Days on Market23

Property Features for 117 N State Street lot 21

General Information

Property type Commercial Sale
Property subtype Office
Subdivision Spengler
Directions From I-55 take the Pearl Street Exit. Turn N on N State St. Property is on the W side.
Standard status Active
APN 0033-0008-000
Size 18,652 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BEG 100 FT S INT W/L STATE ST S/L AMITE ST W 145 FT S 53.44 FT E 145 FT N 52.56 FT TO POB BEING S 2/3 LOT 3 SQ 1 NJ
Tax Annual Amount 18790
Legal Description BEG 100 FT S INT W/L STATE ST S/L AMITE ST W 145 FT S 53.44 FT E 145 FT N 52.56 FT TO POB BEING S 2/3 LOT 3 SQ 1 NJ

Utilities

Sewer type Public Sewer
Water source Public

Amenities

private rooftop area

Building Details

Year built 1924
Floors in Building 2
Listing Agency: Overby, Inc.
Listed By: Alicen Blanchard · License #B24006
Added: Aug 14 Changed: Aug 26 Last Checked: Sep 5 at 1:06AM
MLS# 4159229

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property combines three contiguous, party-wall brick buildings at 117, 119, and 121 North State Street. The elevator-served improvements extend from basement through third floor and contain approximately 16,214 rentable square feet, with 18,652 SF gross area excluding the basement. Existing occupancy includes small ground-floor office suites and a subdivided second-floor suite. A multilevel second- and third-floor suite with private rooftop access is vacant and available for lease-up.

Built in 1924, the buildings are confirmed contributing structures within Jackson’s Spengler’s Corner Historic District. They are positioned across North State Street from the Old Mississippi State Capitol and War Memorial Building, with the Old Capitol Green, downtown dining, and retail nearby. The property is one block from two downtown museums, two blocks from a park under development, and less than half a mile from the Pearl River Revitalization Project. Public water and public sewer serve the property.

Key Highlights

  • Approximately 16,214 rentable SF within 18,652 SF gross area, excluding basement
  • Three contiguous brick buildings at 117, 119, and 121 N State Street
  • Elevator service extends through the basement and third floor

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Carpet & Flooring Store Pet Store Veterinary Clinic Nail Salon

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,354
Businesses Nearby

Demographics for 39201, MS

574
Population
749
Households
0.8
Avg Household Size
40
Median Age
75%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
273
Density / Sq Mi
$77,946
Median Household Income
$77,838
Median Earnings
$1,341
Median Rent

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three elevator-served brick buildings offer occupied suites alongside available office space in a prominent downtown setting.
Where is this office building located?
The property is located at 117 N State Street lot 21 Jackson, MS.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 16,214 rentable SF within 18,652 SF gross area, excluding basement; Three contiguous brick buildings at 117, 119, and 121 N State Street; Elevator service extends through the basement and third floor
More about this property
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