About This Restaurant
Investment Highlights
33,480 SF | 8 Story?s Plus Basement | Mixed Use Building - Residential | Office | Retail 2-Car Tandem Garage 1st & 2nd Floor Restaurant/Bar |Long-Term Tenant 11 Fully Leased Luxury Apartments & 1 Penthouse Apartment with Rooftop Enclosure 3rd Floor Office Suites Contact Broker for Confidential OM
Executive Summary
Capture the essence of timeless charm and modern allure of this historic 1920s Arts Deco skyscraper known as the Iodent Loft Building. The historic property was renovated in 2009 and houses 11 luxury rental apartments, 1 luxury Penthouse apartment with rooftop garden & wet bar, office suites and two first floor commercial spaces. The property exudes sophistication and style, perfectly suited for different users ranging from residential, office or commercial. Its prime location in the vibrant Fox Town area, the stunning building architectural features and multiple use zoning offers a compelling investment opportunity. This prime property presents a lucrative prospect for savvy investors seeking a premier asset in a dynamic rebirth market. Elevate your portfolio with this iconic property's enduring appeal and trophy presences.- Rare Investment Opportunity | Excellent NOI- 33,480 SF | 8 Story?s Plus Basement- Mixed Use Building - Residential | Office | Retail- 11 Fully Leased Luxury Apartments- Penthouse Apartment with Rooftop Enclosure- 2-Car Tandem Garage- 3rd Floor Office Suites- 1st & 2nd Floor Restaurant/Bar |Long-Term Tenant- Contact Broker for Confidential OM
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
- Building Size 5,932
- Building Class C
- Year Built 1995
- Cap Rate 7
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 1.38 AC
Property Taxes
Parcel Number | 02-000453 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $3,962,200 |
Date Created: | 2024-07-16 04:16:19 | Last Updated: | 2024-07-16 04:16:19 |
Address: | 2233 Park Ave , Detroit, Michigan, 48201 |