531 Main StMilan, MI 48160

  • Commercial real estate
  • 5.99 AC

Property Details for 531 Main St

Lot size
5.99 AC
Zone code
GB
Property type
Commercial real estate
APN
19-19-34-405-003
APU
191934405003

Description

Milan Plaza, located at 531 W Main St, Milan, MI 48160, presents a prime retail opportunity within a well-established power center. This 61,357 square foot property, built in 1960, offers a versatile space ideal for a variety of businesses. Currently, there is 1,370 square feet of vacant space available for lease, perfect for expansion or a new venture. The property's location in Washtenaw County ensures high visibility and accessibility for customers. The existing tenant mix within the power center creates a synergistic environment, attracting a substantial customer base. This is a chance to secure a space in a thriving retail location with a long history in the community. The property benefits from its established presence and convenient access to major roadways, ensuring strong foot traffic and visibility. The available 1,370 square feet provides ample room for customization to suit specific business needs. This is an exceptional opportunity to establish or expand a retail presence in a desirable Michigan market. The property's size and location make it an attractive option for businesses seeking a strong foothold in a busy commercial area. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $51,126,584
    Hospitality
    $46,831,676
    Educational
    $38,963,404
    Medical
    $40,303,416
    Retail
    $60,609,740

Location Insight

City
Milan
County
Washtenaw
State
Michigan
Latitude
42.0892
Longitude
-83.6972
CBSA code
11460
CBSA name
ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$62,614
-
-
$1,337,000
-
-
-
$2,674,000

FAQs

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