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Iodent Lofts 2233 Park Ave 11 Unit Apartment Building For Sale 5.25% Cap Rate Detroit, MI 48201

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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

2233 Park Marketing Binder 2025

PROPERTY FACTS

Sale Type	Investment or Owner User	Building Class	A
Cap Rate	5.25%	Lot Size	1.09 AC
No. Units	11	Building Size	38,218 SF
Property Type	Multifamily	No. Stories	8
Property Subtype	Apartment General Retail Restaurant Office Office Residential	Year Built/Renovated	1922/2009
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B5

Sale Type	Investment or Owner User
Cap Rate	5.25%
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment General Retail Restaurant Office Office Residential
Apartment Style	Mid-Rise
Building Class	A
Lot Size	1.09 AC
Building Size	38,218 SF
No. Stories	8
Year Built/Renovated	1922/2009
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B5