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Office Buildings with Rooftop Suite

117 N State Street lot 21, Jackson, MS 39201

For Sale
$1,250,000

Commercial Sale, Jackson, MS

Property Size18,652 SF
Lot Size0.20 Acres
Price / SF$67.02
Days on Market91

Property Features for 117 N State Street lot 21

General Information

Property type Commercial Sale
Property subtype Office
Parking features Garage, On Street
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

Additional Details

Tenant in Place Yes
Property Use Office

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
Heating system Central
Cooling system Central Air
Water source Public

Amenities

private rooftop area

Building Details

Year built 1924
Floors in Building 2
Buildings 3
Listing Agency: Overby, Inc.
Listed By: Alicen Blanchard · License MS B24006
Added: Aug 14 Changed: Oct 29 Last Checked: Nov 12 at 6:06AM
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.

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Investment Insights

Based on property information with market context.

Three contiguous brick office buildings at 117, 119, and 121 North State Street extend from the basement through the third floor and are served by an elevator. The property contains approximately 16,214 rentable square feet and 18,652 gross square feet, excluding the basement. Occupied small suites are located on the ground floor, with an occupied subdivided suite on the second floor. A separate multilevel suite spanning the second and third floors is vacant and includes access to a private rooftop area. The buildings were constructed in 1924 and are served by central heating and air conditioning.

The property is in the Spengler's Corner Historic District, directly across North State Street from the Old Mississippi State Capitol and War Memorial Building. It is also one block from two downtown museums and less than half a mile from the Pearl River Revitalization Project. The three buildings are identified as contributing structures within the historic district.

Key Highlights

  • Three contiguous office buildings at 117, 119, and 121 North State Street
  • Approximately 16,214 rentable square feet; 18,652 SF gross, excluding basement
  • Elevator‑served brick buildings span basement through third floor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Office buildings in Jackson, MS

$72.15 Jul
$81.65 Aug
$80.66 Sep
$92.56 Oct

Properties on Market for Office buildings in Jackson

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - Three connected, elevator-served properties include occupied office suites and a vacant multilevel space with private rooftop access.
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: Three contiguous office buildings at 117, 119, and 121 North State Street; Approximately 16,214 rentable square feet; 18,652 SF gross, excluding basement; Elevator‑served brick buildings span basement through third floor
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