Property summary
The Penobscot Building, a 47-story landmark in downtown Detroit (645 Griswold St, 48226), offers a unique opportunity for businesses seeking prestigious office space. Built in 1928, this iconic structure boasts 1,149,710 square feet across three buildings, situated on a 1.07-acre lot. Currently, 685,000 contiguous square feet are vacant, divisible into spaces as small as 1,500 square feet. The building features twelve high-speed elevators, a stunning four-story entrance archway, and meticulously preserved museum-quality decorations. Office suites range from small executive spaces to full floors (13,000 - 30,000 square feet), adaptable to both traditional and contemporary designs. Tenants benefit from on-site retail, restaurants, and convenient services, along with professional on-site management and maintenance. The Penobscot Building serves as a fiber-optic hub for the Detroit area, ensuring superior telecommunications. Security includes trained ambassadors and a sophisticated video monitoring system. Ample parking is available in nearby structures. The building's location in the heart of Detroit's revitalized business, cultural, sports, and entertainment districts provides unparalleled access and visibility. Zoned DDA Detroit in Wayne County, this property presents an exceptional full-service office environment with a rich history and a bright future.
Property profile
VerifiedCap rate & NOI
Current use
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Plumbing Service General Contractor
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Law Firm
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Bank Loan Service
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Law Firm
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(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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