Historic Iodent Loft Building
For Sale
Contact for pricing
2233 Park Avenue, Detroit, MI 48201
Mixed-use building with residential, office, and retail spaces in Detroit.
Property Size33,480 SF
Days on Market207
Property Features for 2233 Park Avenue
General Information
Standard status
Active
Size
33,480 SF
Property subtype
Retail | Residential | Commercial
Building Details
Building Size
33,480 SF
Year Built
1922
Listing Agency:
(313) 590-7021
Listed By:
Al Iafrate, SIOR
(313) 590-7021
Source:
Corfac
Added: Jan 26
Changed: Aug 16
Last Checked: Aug 20 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Al Iafrate, SIOR
Investment Insights
Based on property information with market context.
The Iodent Loft Building, a historic 1920s Arts Deco skyscraper, offers a blend of timeless charm and modern appeal. Renovated in 2009, this mixed-use building comprises 11 luxury rental apartments, a luxury penthouse apartment with a rooftop garden and wet bar, office suites, and two first-floor commercial spaces. The 8-story plus basement building spans 33,480 square feet and is located in the Fox Town area of Detroit. The property's multiple-use zoning makes it suitable for residential, office, or commercial purposes. The building includes a 2-car tandem garage. The first and second floors are occupied by a restaurant and bar with a long-term tenant. The property is situated in an area with convenient access to cultural landmarks such as the Detroit Institute of Arts, Fox Theatre, and Comerica Park. The surrounding area offers a diverse array of dining options and shopping destinations. The property has a 5.25% CAP Rate return.
Key Highlights
- Rare mixed‑use investment opportunity in a prime location within Detroit's vibrant Fox Town area.
- Historic 1920s Art Deco skyscraper (Iodent Loft Building) renovated in 2009, offering timeless charm and modern appeal.
- Strong income potential** with 11 fully leased luxury apartments, penthouse with rooftop garden, office suites, and long‑term restaurant/bar tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 48201, MI
14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value
Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with residential, office, and retail spaces in Detroit.
Where is this mixed-use property located?
The property is located at 2233 Park Avenue Detroit, MI.
What are key features of this property?
This property features: Rare mixed‑use investment opportunity in a prime location within Detroit's vibrant Fox Town area.; Historic 1920s Art Deco skyscraper (Iodent Loft Building) renovated in 2009, offering timeless charm and modern appeal.; Strong income potential** with 11 fully leased luxury apartments, penthouse with rooftop garden, office suites, and long‑term restaurant/bar tenants.
