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Historic Downtown Office Buildings
New
For Sale
$1,250,000

117 N State Street, Jackson, MS 39201

Three elevator-served office buildings offer occupied suites, lease-up space, and a private rooftop area overlooking the Old Capitol.

Property SizeContact for details
Days on Market6

Property Features for 117 N State Street

General Information

Standard status Active
Listing Agency: Overby, Inc.
Listed By: Alicen Blanchard · License #B-24006
Source: Sunsetmississippirealty
Added: Sep 22 Changed: Sep 27 Last Checked: Sep 26 at 5:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Overby, Inc.

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, or 18,652 SF gross 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.

The buildings occupy a prominent downtown Jackson position across North State Street from the Old Mississippi State Capitol and War Memorial Building. They are contributing structures within the Spengler's Corner Historic District, which was listed on the National Register of Historic Places in 1979 and expanded in 2019. The property is associated with the Tucker Printing House complex and the former Hippodrome Theatre, adding documented commercial history to the address.

The setting includes Old Capitol Green, downtown dining and retail, two museums within one block, a park under development two blocks away, and the Pearl River Revitalization Project less than half a mile from the property.

Key Highlights

  • Approximately 16,214 rentable SF and 18,652 SF gross, excluding basement
  • Three contiguous office buildings at 117, 119, and 121 North State Street
  • Occupied small‑suite office tenancy plus vacant multilevel suite for lease‑up

Property Analytics

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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.

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

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
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Frequently Asked Questions

What type of property is this?
Office building - Three elevator-served office buildings offer occupied suites, lease-up space, and a private rooftop area overlooking the Old Capitol.
Where is this office building located?
The property is located at 117 N State Street 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 and 18,652 SF gross, excluding basement; Three contiguous office buildings at 117, 119, and 121 North State Street; Occupied small‑suite office tenancy plus vacant multilevel suite for lease‑up
More about this property
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