One of the most popular loft complexes outside of the downtown core is the River Place Lofts, designed by Albert Kahn. The buildings were originally the Parke Davis Pharmaceutical Company and were converted into apartments, offices, and lofts in the late 1900s. Recently, lofts here have been snagging anywhere from $210-285 per square foot. The spacious lofts can often run higher in overall price, with this one recently selling for $680K.
This new listing is 1,941 square feet and has exposed brick walls, two bedrooms, two and a half baths, big walk-in closets, hardwood floors, an open living space, and tall windows bringing in lots of light. It’s listed for $545,000. HOA fees run $660 per month and include parking, gas, maintenance, and insurance. It’s located along the Riverwalk, near Mt. Elliott Park and close to Belle Isle, just a couple miles away from downtown. It’s listed through Austin Black II at City Living Detroit.