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    119 State St Detroit, MI 48226

    Sponsored
    For Lease
    Contact for pricing

    Prestigious Detroit office, flexible suites.

    Lot size:
    41,103 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This iconic six-story, 41,103 square foot office building, located at 119 State Street in Detroit, Michigan, presents a unique opportunity for businesses seeking executive or creative office space. Originally constructed in 1931 and extensively renovated in 2018, the Burns & Wilcox Building boasts a blend of historic charm and modern amenities. The building is zoned DDA and features multiple tenancies, with a total of 41,103 square feet. Currently, there is 12,234 square feet of vacant space available, offering flexibility for businesses of various sizes. The largest contiguous space available is 6,117 square feet, ideal for a single tenant seeking a substantial presence. The property sits on a 0.16-acre lot and its Wayne County APN is 02-000268. This prime location in downtown Detroit offers excellent visibility and accessibility, making it an attractive option for companies seeking a prestigious address. The building's recent renovation ensures modern infrastructure and efficient layouts, catering to the needs of today's businesses. The building's executive and creative office subtypes cater to a wide range of business needs. This is a rare opportunity to secure office space in a landmark Detroit building.

    Property Features for 119 State St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,103 SF

    Building Details

    Year Built/Renovated
    1931/2018
    Stories
    6

    Unit(s) available at that property

    Space
    Floor 3
    Size
    6,117 SF
    Space
    Floor 4
    Size
    6,117 SF

    HighLights

    • 41,103 SF landmark office building in Detroit's Capitol Park District.
    • 6,117‑12,234 SF of immediately available office space.
    • Rooftop deck offering exceptional city views, ideal for events.
    • Prime, walkable location.
    • Move‑in ready suites available.
    • Completely renovated building systems including HVAC, roof, elevators, restrooms, fire suppression, EMS, security, and plumbing.
    Property Profile Location Intelligence

    Current Use by Public Records

    District by Design Office Furniture Store Spalding DeDecker Consultant EcoG Software Company Lear Innovation Center Corporate Office

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Daycare Center Building Supply Gym & Fitness Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0494783
    Latitude
    42.332298

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    FAQs

    What type of property is this?
    Office space - Prestigious Detroit office, flexible suites.
    Where is this office space located?
    The property is located at 119 State St Detroit, MI.
    What are key features of this property?
    This property features: 41,103 SF landmark office building in Detroit's Capitol Park District.; 6,117-12,234 SF of immediately available office space.; Rooftop deck offering exceptional city views, ideal for events.
    Request Owner's contact information
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    Detroit, MI 48226
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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
    119 State St Detroit, MI 48226
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