- For Sale Subject to Offer
- Property Type Retail - Street Retail
- Property Size 17,000 SF
- Units 4
- Lot Size 0.21 Acre
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1924
- Year Renovated 2010
- Date Updated May 12, 2026
Description
Eastern Market, Detroit — America's Most Vibrant Urban Market District
At 43 acres, 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 in 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 selling everything from fresh produce and specialty foods to art, and operatingyear-round on Saturdays with seasonal Tuesday and Sunday markets.
The event calendar is unmatched. Flower Day each May draws 300,000+ attendees. Murals in the Market delivers internationally recognized streetart each September. Eastern Market After Dark — part of Detroit Month of Design — pulls 33,000+ to a district-wide night market of galleries, retail activations, and live music.
Eastern Market isn't just a destination. It's the most reliably foot-trafficked neighborhood in Detroit — a place where Saturdays feel like a civic holiday, and where the surrounding district captures that overflow 365 days a year.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.
Highlights
- Contiguous to the new Marrow in the Market high end meat market/restaurant
- Flexible interior layouts for multiple tenants
- Full renovation in 2010, roof replaced, utilities updated, buildouts updated, etc.
- Functional basements under each suite for excess storage
- Historic character with prime frontage on Riopelle Street
- 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.
- Solid construction dating back to 1924
- Strong pedestrian exposure with over 2M+ annual visitors to Eastern Market
- Well-maintained building systems supporting retail use
False
Contacts
Matthias Rhein
SVN | Stewart Commercial Group
Location
Located at 2462–2472 Riopelle St, Eastern Market, MI 48207, this property is part of the Middle East Central neighborhood and Detroit market.
Contact Listing Broker
Matthias Rhein
SVN | Stewart Commercial Group