3401 Riopelle St - Restaurant FOR SALE


Detroit, MI 48207- Eastern Market | 
$500,000 USD
313-704-2678
3401 Riopelle St, Detroit, MI for Sale
$500,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

NEW


3401 Riopelle St
Detroit, MI 48207
Eastern Market


OVERVIEW

Located in the heart of Eastern Market, 3401 Riopelle presents a rare opportunity to acquire the longtime home of Roma Café, one of Detroit’s most storied restaurants. 3401 Riopelle is an historic property in the heart of Detroit’s Eastern Market. The offering includes a 5,603 SF building on a .70-acre site, including a combination of existing improvements, on-site parking and additional land. Built circa 1888, the property has been part of Eastern Market for more than a century. The Marazza family began operating a boarding house here in 1890, serving meals to farmers bringing produce to the nearby market. The popularity of Mrs. Marazza’s cooking ultimately led to the establishment of Roma Café. For generations, Roma Café was known for its Italian cuisine, distinctive dining rooms and old- world hospitality. Its guest list included Frank Sinatra, Taylor Swift, Liza Minnelli, Sammy Davis Jr. and Desi Arnaz, along with presidents, governors and generations of Detroiters. Today, the property’s dining rooms, bar and commercial kitchen preserve much of the character that made Roma a Detroit institution, creating a compelling foundation for a new restaurant concept or adaptive reuse.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

MKT

APN/PARCEL ID

07-002266

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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