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    947 S Mill Ave Tempe, AZ 85281

    For Lease
    Contact for pricing

    Ground floor retail/restaurant space in a new Class A building.

    Property size:
    3,659 SF
    Lot size:
    33.55 Acres

    Property Features for 947 S Mill Ave

    General Information

    Size
    3,659 SF
    Lot size
    33.55 Acres

    Source: SRS Real Estate Partners | Phoenix Agent Scott Ellsworth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Restaurant Space in Tempe

    Ground floor retail or restaurant space is available within a new five-story Class A building encompassing 130,000 square feet. The retail space is move-in ready, awaiting tenant improvements. Prime end-cap suites with patio options are available, ranging from approximately 3,412 to 3,659 square feet. The building wraps around a new parking garage with 1,200 spaces. The upper floors feature office and classroom spaces, including an e-sports theater, music therapy clinic, and advanced creative studios. The location is near the Omni Conference Center, which has 330 rooms, and the Mirabella high-rise, which has 300 units. It is also within walking distance of the ASU Gammage Auditorium, the Omni Hotel, and the Tempe Street Car.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.939907
    Latitude
    33.42115

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    FAQs

    What type of property is this?
    Retail space - Ground floor retail/restaurant space in a new Class A building.
    Where is this retail space located?
    The property is located at 947 S Mill Ave Tempe, AZ.
    What are key features of this property?
    This property features: - Prime ground floor retail/restaurant space in a new Class A office & academic building.; - Patio end-cap suites available (±3,412–3,659 RSF).; - Wraps a new 1,200-space parking garage.
    (602) 369-1368
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    947 S Mill Ave Tempe, AZ 85281
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    947 S Mill Ave Tempe, AZ 85281
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