Eastern Market Historic Retail & Restaurant Center

2462–2472 Riopelle St, Eastern Market, MI 48207

Accepting Offers
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Eastern Market Historic Retail & Restaurant CenterEastern Market Historic Retail & Restaurant CenterEastern Market Historic Retail & Restaurant Center
Asking Price

Eastern Market Historic Retail & Restaurant Center

2462–2472 Riopelle St, Eastern Market, MI 48207

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1924

Land Area: 0.21 Acres

Number of Units: 4

Property Type: Retail

Occupancy %: 100

Year Renovated: 2010

Number of Floors: 2

Property Size: 17,000 SF

Investment Highlights

  • Historic character with prime frontage on Riopelle Street
  • Solid construction dating back to 1924
  • Full renovation in 2010, roof replaced, utilities updated, buildouts updated, etc.
  • Located in an Opportunity Zone
  • Minutes from Downtown and Midtown Detroit
  • Over 3,000 SF of roof space for a terrace with views to the city.
  • Strong pedestrian exposure with over 2M+ annual visitors to Eastern Market
  • Flexible interior layouts for multiple tenants
  • Well-maintained building systems supporting retail use
  • Functional basements under each suite for excess storage
  • Contiguous to the new Marrow in the Market high end meat market/restaurant

Eastern Market Historic Retail & Restaurant Center

2462–2472 Riopelle Street presents a 17,000-square-foot Class B retail building in the heart of Detroit's Eastern Market — the largest historic public market district in the United States, drawing 2 million+ visitors annually and up to 40,000 pedestrians on a single peak Saturday. Built in 1924 and renovated in 2010, the property is anchored by Detroit City Distillery, Henry the Hatter, and Midnight Temple Indian Gastropub, with a 1,250 SF executive suite and 3,000 SF rooftop terrace as value-add upside — all within a federally designated Qualified Opportunity Zone. The tenants are on short-term leases, allowing an investor to fully reposition the property within 1-2 years. The upper level is available for immediate repositioning within 60 days. With Flower Day drawing 300,000+ visitors each May, Eastern Market After Dark pulling 33,000+ each fall, and 500+ independent vendors and merchants operating district-wide year-round, the surrounding foot traffic is unmatched anywhere in Detroit.

Sale FAQs

Investment Sales Broker

Matthias Rhein

Matthias Rhein

SVN | Stewart Commercial Group, LLC

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXX

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