2462-2472 Riopelle St - Storefront Retail/Office FOR SALE


Detroit, MI 48207- Eastern Market
$4,500,000 USD
734-389-7756
2462-2472 Riopelle St, Detroit, MI for Sale
$4,500,000 USD
Storefront Retail/Office - FOR SALE
1/32
null | 6% Cap Rate

Aug '25


2462-2472 Riopelle St
Detroit, MI 48207
Eastern Market


HIGHLIGHTS

  • 2462–2472 Riopelle Street is a 17,000-square-foot renovated commercial asset with retail and office space in Detroit’s historic Eastern Market.
  • Leased to iconic tenants like Detroit City Distillery and Henry the Hatter, the CJO Centre delivers stable cash flow through long-term NNN leases.
  • Features include a new elevator, a resealed roof, three garage bays, secure roll-up doors, and basements for storage and light manufacturing.
  • Value-add opportunity with a 1,250-square-foot executive office suite and a 3,000-square-foot rooftop primed for the development of event space.
  • Located in an Opportunity Zone, with direct access to Interstates 75 and 375, minutes from Downtown, Midtown, and key Detroit commuter routes.
  • Eastern Market’s foot traffic, local charm, and $2 billion in area spending make this location ideal for retail, office, and entrepreneurial tenants.

OVERVIEW

The CJO Centre offers a unique opportunity in the heart of Detroit’s historic Eastern Market. Located at 2462–2472 Riopelle Street, this 17,000-square-foot, two-story commercial/industrial property has been meticulously renovated and transformed into a fully leased retail and office hub. The asset features high ceilings, exposed brick interiors, modern fire and water suppression systems, three secure roll-up doors with street-facing access, and a security gate for the upper-level suite. Additional highlights include a new passenger elevator servicing all floors, a resealed roof, three garage bays for shipping and deliveries, and three expansive basement areas ideal for storage or light production. 2462–2472 Riopelle Street is leased to four in-place NNN leases from long-term, high-visibility tenants such as Detroit City Distillery, Henry the Hatter, Detroit’s oldest retailer, and Midnight Temple Indian Gastropub. This stable tenancy provides a strong foundation for consistent cash flow, with value-add potential through the available 1,250-square-foot executive suite. This suite features rooftop access, a hospitality-style executive office, a full kitchen and bath, and an in-unit washer and dryer. The rooftop also offers a 3,000-square-foot open-air terrace, presenting a unique development opportunity for an event or entertainment space. Strategically positioned within a federally designated Qualified Opportunity Zone, the CJO Centre offers unmatched accessibility via Interstates 75 and 375. Downtown Detroit, Midtown, and major commuter routes are just minutes away. The property enjoys steady foot traffic from both residents and weekend visitors drawn to Eastern Market’s year-round public attractions, including the popular Saturday open-air farmers market. The surrounding area is a destination filled with boutique retailers, cafés, and cultural landmarks. 2462–2472 Riopelle Street is conveniently situated within one block of public parking, transit stops, and Shed 2, one of Eastern Market’s central gathering points. Within a 5-mile radius, over 227,000 residents generate more than $2 billion in annual consumer spending, underscoring the area’s strong market fundamentals and growing retail demand. Eastern Market remains one of Detroit’s most vibrant and sought-after neighborhoods. The district has flourished into a dynamic hub for food entrepreneurs, artists, small manufacturers, and retailers. The neighborhood's charm lies in its authenticity, character, and walkable urban environment, which attracts a wide range of tenants and visitors. 2462–2472 Riopelle Street presents an unparalleled opportunity for investors or owner/users to secure a presence in one of Detroit’s most iconic and growth-ready commercial corridors.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CJO Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Commercial

APN/PARCEL ID

07-001965

ASK ABOUT THIS PROPERTY

Ronald OlszewskiC J O Management Group LTDMore Info
734-389-7756

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Ronald OlszewskiC J O Management Group LTDMore Info
734-389-7756

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.