Iodent Lofts 2233 Park Ave

2233 Park Ave , Detroit, Michigan, 48201 | 5,932 sq.f

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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