Detroit Eastern Market Retail
For Sale
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2462–2472 Riopelle St Eastern, Detroit, MI 48207
17,000 SF Class B retail building in Detroit's Eastern Market.
Property Size17,000 SF
Days on Market94
Property Features for 2462–2472 Riopelle St Eastern
General Information
Standard status
Active
Size
17,000 SF
Property subtype
Street Retail
Building Details
Year Built
1924
Listing Agency:
SVN
(248) 396-6506
Listed By:
Matthias Rhein · License #6502361450
(248) 396-6506
Source:
Thebrokerlist
Added: May 8
Changed: Jul 10
Last Checked: Aug 9 at 4:28AM
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 SVN
Investment Insights
Based on property information with market context.
Located in the heart of Detroit's Eastern Market, 2462–2472 Riopelle Street is a 17,000-square-foot Class B retail building. Constructed in 1924 and renovated in 2010, the property is anchored by Detroit City Distillery, Henry the Hatter, and Midnight Temple Indian Gastropub. The building features a 1,250 SF executive suite and a 3,000 SF rooftop terrace. The property is located within a federally designated Qualified Opportunity Zone. Tenants are on short-term leases, allowing for repositioning within 1-2 years, with the upper level available for immediate repositioning within 60 days. The building has flexible interior layouts for multiple tenants, well-maintained building systems supporting retail use, and functional basements under each suite for excess storage. The property benefits from strong pedestrian exposure, with over 2 million annual visitors to Eastern Market. Eastern Market is the largest historic public market district in the United States, drawing more than 2 million visitors annually and up to 40,000 on a single peak Saturday. The six-block public market has nourished Detroit since 1891, with 150+ vendors in the central sheds and 500+ independent merchants across the broader district. The property is contiguous to the new Marrow in the Market high end meat market/restaurant and is minutes from Downtown and Midtown Detroit.
Key Highlights
- Located in the heart of Detroit's Eastern Market, the largest historic public market district in the U.S.
- Significant value‑add potential with a 3,000 SF rooftop terrace and a 1,250 SF executive suite.
- Short‑term tenant leases allow for full repositioning of the property within 1‑2 years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
7,356 visits/mo
0.4 miles
BP
Shops & Services
3,606 visits/mo
0.3 miles
Comerica Bank
Shops & Services
1,757 visits/mo
0.3 miles
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 17,000 SF Class B retail building in Detroit's Eastern Market.
Where is this retail space located?
The property is located at 2462–2472 Riopelle St Eastern Detroit, MI.
What are key features of this property?
This property features: Located in the heart of Detroit's Eastern Market, the largest historic public market district in the U.S.; Significant value‑add potential with a **3,000 SF rooftop terrace** and a 1,250 SF executive suite.; Short‑term tenant leases allow for full repositioning of the property within 1‑2 years.
