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    117 N Market St Wilmington, DE 19801

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    For Lease
    $16 SF/Yr ($2,578 /Mo)

    Multi-floor office/retail space in Wilmington, DE for lease.

    Property size:
    1,934 SF
    Lot size:
    0.06 Acres

    Property Features for 117 N Market St

    General Information

    Size
    1,934 SF
    Lot size
    0.06 Acres

    Source: Patterson Woods Commercial Properties Agent Dan Lesher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Office/Retail Space Available

    This property offers versatile space suitable for both office and retail use. The first floor, comprising approximately 2,115 square feet, features an open office area, a conference room, private offices, two entrances, and a kitchenette. It is also suitable for use as retail space. The second floor, with approximately 2,172 square feet, includes both open and private offices. The third and fourth floors, totaling approximately 4,144 square feet, are accessed through a common lobby on the third floor and offer a loft-style space with natural light, a conference room, and two kitchenettes. The property consists of two parcels, 2604310227 (0.05 acres) and 2604310228 (0.06 acres), and is zoned C-3 Central Retail within the City of Wilmington tax area. HVAC and electric services are separately metered per floor.
    Insight Report Location Intelligence

    Current Use by Public Records

    BDW Studios Recording Studio Endecon Inc. Mechanical Engineer

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6074092
    Latitude
    39.7141592

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    FAQs

    What type of property is this?
    Office space - Multi-floor office/retail space in Wilmington, DE for lease.
    Where is this office space located?
    The property is located at 117 N Market St Wilmington, DE.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Flexible space ideal for office or retail ventures.; - Multiple floors offer various configurations, including open office, private offices, conference rooms, and loft space.; - Each floor has separate HVAC/Electric.
    (302) 559-9585
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    117 N Market St Wilmington, DE 19801
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    Wilmington, DE 19801
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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
    117 N Market St Wilmington, DE 19801
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