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Office Condominium in Downtown Tower
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1201 Main St, Dallas, TX 75202

652,560 SF office condominium interest with potential to convert up to ten floors to residential.

Property Size652,560 SF
Days on Market834

Property Features for 1201 Main St

General Information

Standard status Active
Size 652,560 SF
Property subtype OFFICE
Occupancy 36%

Building Details

Stories 22
Listing Agency: JLL
Listed By: Ben Esterer
Source: Moodyscre
Added: May 30, 2024 Changed: Aug 15 Last Checked: Sep 9 at 5:36PM

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 JLL

Investment Insights

Based on property information with market context.

One Main Place is a 22-story office and retail tower offering an office condominium interest for sale free and clear as a leasehold acquisition. The offering includes 652,560 square feet of office space currently 36% occupied, with the remainder available for leasing or repositioning. Investors are presented with the potential to convert up to ten office floors, approximately 234,000 square feet, to residential, which the offering materials state would increase condensed office occupancy to 63%.

The property is divided between two condominium interests: the office floors and the Westin Hotel. The Westin Hotel is not part of the offering. The building is located at 1201 Main St, Dallas, TX 75202.

Key Highlights

  • Office condominium interest in One Main Place with 652,560 SF of office space in Downtown Dallas
  • 22‑story tower with office and retail space currently 36% occupied
  • Potential to convert up to ten office floors (~234,000 SF) to residential to increase office occupancy to 63%

Property Analytics

Current Use

Dickey's Barbecue Pit Restaurant Trinity Healthcare Benefits Home Health Care Service Imaginuity Marketing & Advertising inoVo Services Corporate Office One Main Place Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Clothing & Fashion Store Veterinary Clinic Pet Grooming Service Tanning Salon Adult Day Care

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

36%
Occupancy

Location Intelligence

Trade Area within ½ mile

10,307
Businesses Nearby

Demographics for 75202, TX

2,529
Population
2,035
Households
1.2
Avg Household Size
36
Median Age
64%
College-Educated
97%
High-School Grad
0.7 sq mi
ZIP Area
3,613
Density / Sq Mi
$101,500
Median Household Income
$78,188
Median Earnings
$1,975
Median Rent
$325,100
Median Home Value

Market

Vacancy Rate% for Office in Dallas, TX

19.2% 2019
21.1% 2020
21.5% 2021
21.6% 2022
22% 2023
26.2% 2024
25.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 652,560 SF office condominium interest with potential to convert up to ten floors to residential.
Where is this office units located?
The property is located at 1201 Main St Dallas, TX.
What are key features of this property?
This property features: Office condominium interest in One Main Place with 652,560 SF of office space in Downtown Dallas; 22‑story tower with office and retail space currently 36% occupied; Potential to convert up to ten office floors (~234,000 SF) to residential to increase office occupancy to 63%
(214) 438-3976 Call to check price and availability
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