Penobscot Office
For Lease
$25 SF/Yr
645 Griswold St, Detroit, MI 48226
Historic Detroit office space offers customizable traditional and contemporary suites with on-site management and 24/7 security.
Space Size400,000 SF
Days on Market181
Property Features for 645 Griswold St
General Information
Standard status
Active
Size
400,000 SF
Elevators
Yes
Property subtype
Office
Zoning
B5
Space & Availability
Contiguous Space
400,000 SF
Divisible
Yes
Space Use
Office
Additional Details
Highway Access
Yes
Amenities
on-site management and 24/7 security
top of building corporate branding opportunity
Building Details
Year Built
1928
Stories
47
Construction
art deco
Tenancy
Multi
Listing Agency:
PA Commercial
(248) 331-0202
Listed By:
Mike Gunn
(248) 331-0202
Source:
Cpix.resimplifi
Added: Mar 3
Changed: Aug 30
Last Checked: Aug 30 at 11:15AM
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 PA Commercial
Investment Insights
Based on property information with market context.
The Penobscot Building provides office suites within a 47-story property dating to 1928. Available configurations range from executive offices to full floors measuring 13,000 to 30,000 square feet, with multiple contiguous floors capable of accommodating up to 400,000 square feet. Suites may feature traditional or contemporary finishes, updated lighting, materials, and color palettes, while the building retains preserved Art Deco detailing, a four-story entrance archway, bronze and glass revolving doors, and high-speed elevators.
Located at 645 Griswold St in Detroit’s Financial core, the property is positioned near business, cultural, sports, and entertainment districts. Access is available to M-10, the Lodge Freeway, and the Windsor Tunnel. The building also offers an opportunity for corporate branding at the top of the structure, along with on-site management and round-the-clock security.
Located at 645 Griswold St in Detroit’s Financial core, the property is positioned near business, cultural, sports, and entertainment districts. Access is available to M-10, the Lodge Freeway, and the Windsor Tunnel. The building also offers an opportunity for corporate branding at the top of the structure, along with on-site management and round-the-clock security.
Key Highlights
- 47‑story office building dating to 1928
- Office configurations from 13,000 - 30,000 square feet
- Up to 400,000 SF of maximum contiguous space
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,474
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Detroit, MI
$24.1 /SF/Yr
Avg Asking Price
$3.25–$150 /SF/Yr
Price Range
28,707 SF
Avg Space Size
This space is priced 4% above the average of $24.1 /SF/Yr.
Vacancy Rate% for Office in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Historic Detroit office space offers customizable traditional and contemporary suites with on-site management and 24/7 security.
Where is this office units located?
The property is located at 645 Griswold St Detroit, MI.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 47‑story office building dating to 1928; Office configurations from 13,000 - 30,000 square feet; Up to 400,000 SF of maximum contiguous space
