2233 Park Ave Detroit, MI 48201
Mixed-use building with residential, office, and retail spaces in Detroit.
Property size:
33,480 SFProperty Features for 2233 Park Ave
General Information
- Size
- 33,480 SF
Building Details
- Year built
- 1922
Source:
Corfac
Listing Agent: Al Iafrate, SIOR
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Iodent Loft Building Investment
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.
Location Intelligence
Current Use by Public Records
Chandelier Detroit
Bar
Pacos & Tizzas
Takeout Restaurant
Intersection Consulting Group, ...
Business Management Consultant
Renaissance Technology and Design, ...
Business Management Consultant
Iodent Lofts
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.053868
- Latitude
- 42.337939
Nearby Similar for Sale
FAQs
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 Ave 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.