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Historic Office Building with Retail
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615 Griswold St, Detroit, MI 48226

Renovated historic office tower with flexible floor plates and first-floor retail, including a Jimmy John’s lease through 2030.

Property Size242,000 SF
Days on Market94

Property Features for 615 Griswold St

General Information

Standard status Active
Size 242,000 SF
Property subtype Office
Occupancy 14%

Building Details

Building Size 242,000 SF
Year Built 1908
Year Renovated 2018
Stories 18
Listing Agency: Friedman Integrated Real Estate
Listed By: Steven Silverman
Source: Friedmanrealestate
Added: Jun 2 Changed: Aug 31 Last Checked: Sep 2 at 1:48PM

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 Friedman Integrated Real Estate

Investment Insights

Based on property information with market context.

A recently renovated 18-story historic office asset in an iconic downtown landmark building. The property features an efficient horseshoe floor plate designed for strong natural light and flexible layouts, with mechanical systems on each floor to support a range of tenant buildouts or conversion scenarios. Common areas and the lobby have been modernized, including elevators and shared spaces with updated finishes and systems. On-site valet parking is available, with additional nearby structured parking options noted. Approximately 14% of the building is currently occupied, creating a meaningful lease-up and repositioning opportunity. The first-floor includes retail availability in two spaces ranging from about 2,500 to 8,600 SF, and Jimmy John’s is located on the first floor with a lease in place through 2030.

Positioned in the core of Downtown Detroit, the building’s first-floor retail presence provides immediate street-level utility while the upper floors offer adaptable office configurations. The asset is described as positioned for repositioning or adaptive reuse, with potential noted for multifamily, hotel, or mixed-use transitions.

This property may appeal to investors seeking a value-add office strategy focused on leasing momentum and operational modernization, particularly given the flexible floor plate and per-floor mechanical support. It can also fit tenants who benefit from efficient, naturally lit office layouts, and retailers seeking first-floor space supported by an in-place national quick-service tenant through the end of the lease term.

Key Highlights

  • Approximately 242,000 SF historic office asset in a downtown Detroit 18‑story landmark building
  • Recently renovated lobby and common areas with modernized finishes and systems
  • Efficient horseshoe floor plates with strong natural light and flexible layouts

Property Analytics

Current Use

EscapeTix (Bike/Boat/Book/etc) Store Competitive Tax Group Tax Preparation Jerome P Barney ... Law Firm CU Innovative Marketing Marketing & Advertising THE PuLSE INSTITUTE Charitable Organization

Suggested Use

Top Pick Electrical Service Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Veterinary Clinic

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

14%
Occupancy

Location Intelligence

Trade Area within ½ mile

5,484
Businesses Nearby

Demographics for 48226, MI

6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value

Market

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated historic office tower with flexible floor plates and first-floor retail, including a Jimmy John’s lease through 2030.
Where is this office building located?
The property is located at 615 Griswold St Detroit, MI.
What are key features of this property?
This property features: Approximately 242,000 SF historic office asset in a downtown Detroit 18‑story landmark building; Recently renovated lobby and common areas with modernized finishes and systems; Efficient horseshoe floor plates with strong natural light and flexible layouts
More about this property
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