D
etroit‑based Firm Real Estate has announced the sale of 21 properties in the Eastern Market district. The portfolio covers 10.4 acres and exceeds 430,000 square feet, comprising historic commercial and mixed‑use buildings, vacant lots, and parking areas. The transaction is among the most prominent in the neighborhood.

    Since 2017, Firm Real Estate has invested roughly $8 million in upgrades and maintenance, creating a mix of occupancy‑ready and redevelopment‑ready spaces while preserving historic character. “These assets no longer fit our long‑term strategy,” said Jeff Bartlett, operations manager. “We believe selling them will return them to active use. Many are already thriving businesses, and others hold great potential for district growth. We want new owners who can steward them productively.”

    The company began acquiring Eastern Market properties in 2017, building a substantial presence. Key holdings include occupied buildings on Russell Street opposite the Market sheds, the 60,000‑sq‑ft Adelaide Cut parcel, and several sites on the adjacent Gratiot corridor. “Our goal has always been to align new development with Eastern Market Corp.’s mission—supporting small food vendors, expanding cultural spaces, and improving the public market—while preserving authenticity and fostering inclusive growth,” said Katy Trudeau, CEO of Eastern Market Corp. “Selling this portfolio offers exactly that opportunity.”

    O’Connor Real Estate, a Detroit brokerage, is managing the listings. A full property list with addresses and specifications is available online.

    **Portfolio Snapshot**

    - Total properties: 21

    - Total building area: 450,880 sq ft

    - Total land area: 10.4 acres

    - Average building size: 25,000 sq ft

    - Average parcel size: 0.43 acres

    **Availability**

    Properties may be sold as a single portfolio or individually, depending on buyer interest.

    **Property Breakdown**

    - Commercial/mixed‑use buildings: 17

    - Vacant land/lots: 3

    - Parking lots: 1

    **Occupancy & Pricing Highlights**

    - 2453 Russell (residential + 5 businesses, including Supino Pizzeria) – $4.2 million

    - 1468 Adelaide (2 businesses) – $3.4 million

    - 1515‑1525 Division (3 businesses) – $1 million to $2.8 million

    - Gratiot Service Properties (4 buildings, 100 % occupied) – $425,000 to $2.75 million

    - 2510 Market (100 % occupied) – $950,000

    - Adelaide Cut North (100 % occupied, 60,000 sq ft on 1.5 acres) – $1.65 million