Iodent Lofts

For Sale

2233 Park Avenue, Detroit, MI 48201

This Detroit property for sale is located at 2233 Park Avenue. Contact the listing broker for details on the current sale price for Iodent Lofts.

Contacts

broker
Al Iafrate

L. Mason Capitani CORFAC International

Property Details

  • Property Type Retail - Street Retail
  • Property Size 33,480 SF
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1922
  • Year Renovated 2009
  • Date Updated Nov 26, 2024
Discover the vibrant energy of Detroit surrounding the property at 2233 Park Avenue. Situated in the heart of the city, this location offers convenient access to renowned cultural landmarks such as the Detroit Institute of Arts, Fox Theatre, and Comerica Park. The area is teeming with a diverse array of dining options, from casual eateries to upscale restaurants, as well as trendy cafes for after-work meetups. Retail therapy awaits at nearby shopping destinations, providing ample opportunities for entertainment and recreation. With its rich history and ongoing revitalization, the surrounding area showcases the unparalleled appeal of investing in an office building in Detroit.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.
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Highlights

  • 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
  • 5.25% CAP Rate Return
  • Contact Broker for Confidential OM

Attachments

Getting around

  • 94/100

    Walk Score ®

  • 85/100

    Transit Score ®

  • 87/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48201
  • Market Detroit

Points of Interest

  • Montcalm Street

    0.13 miles

  • Grand Circus Park

    0.23 miles

  • Adelaide Street

    0.23 miles

  • Sproat Street

    0.28 miles

  • Broadway

    0.34 miles

  • Campus Martius

    0.52 miles

  • Greektown

    0.63 miles

  • Checker Cab #977

    0.64 miles

  • Martin Luther King Junior Boulevard

    0.66 miles

  • Mack Avenue

    0.68 miles

  • Bedrock John R 1

    0.39 miles

  • Tesla, Inc.

    0.46 miles

  • ChargePoint

    0.46 miles

  • Mobil

    0.62 miles

  • Bedrock Kahn Garage

    0.68 miles

  • eVgo

    0.88 miles

  • Marathon

    0.94 miles

  • Speedway

    0.95 miles

  • Beaubien Place Garage

    1.01 miles

  • Exxon

    1.02 miles

  • Lot 6

    0.04 miles

  • 168 Columbia Lot

    0.04 miles

  • 143 W Montcalm Lot

    0.05 miles

  • 117 Columbia Lot

    0.05 miles

  • 127 W Fisher Lot

    0.05 miles

  • Comerica Garage

    0.07 miles

  • Prime Parking Lot 2

    0.08 miles

  • 200 W Columbia Lot

    0.09 miles

  • 2220 Cass Ave Lot

    0.09 miles

  • 125 W Elizabeth Lot

    0.10 miles

  • Union Assembly

    0.10 miles

  • Mom's Spahgetti

    0.10 miles

  • Pao

    0.12 miles

  • Brass Rail Pizza Bar

    0.15 miles

  • Bucharest Grill

    0.16 miles

  • Sports & Social Detroit

    0.18 miles

  • ZZ Market & Grill

    0.18 miles

  • Mike's Pizza Bar

    0.20 miles

  • Tin Roof Detroit

    0.20 miles

  • Statler

    0.20 miles

  • Plum Market

    0.72 miles

  • Whole Foods Market

    0.75 miles

  • City Market Detroit

    0.75 miles

  • Gratiot Central Market

    0.93 miles

  • Meijer

    1.11 miles

  • Amori's Marketplace

    1.17 miles

  • Honey Bee Market La Colmena

    1.44 miles

  • University Foods

    1.45 miles

  • Food Pride Super Market

    1.45 miles

  • Algo Especial Super Market

    1.53 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Al Iafrate

L. Mason Capitani CORFAC International