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    517-531 W Main St Milan, MI 48160

    For Lease
    Contact for pricing

    Retail space available in Kroger-anchored shopping center in Milan.

    Property size:
    4,005 SF
    Lot size:
    6.40 Acres

    Property Features for 517-531 W Main St

    General Information

    Size
    4,005 SF
    Lot size
    6.40 Acres

    Source: Phillips Edison & Company - Corporate Agent Scott Faloni

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

    Overview

    Retail Space Anchored by Kroger

    This retail space is located in a shopping center anchored by Kroger, the leading grocer in the Ann Arbor area. Situated in Milan, approximately 16 miles south of Ann Arbor, the location benefits from an average household income exceeding $90,900 within a three-mile radius. Other national and regional tenants in the center include Little Caesars and Ace Hardware. The property is positioned at the intersection of Main Street and Platt Road, offering visibility and access from Highway 23, a major thoroughfare. The available space is 4,005 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    The MarketPlace, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Monroe
    State
    Michigan
    Longitude
    -83.6968224
    Latitude
    42.0890657

    Nearby Similar for Lease

    • Contact for pricing
      61,357 SF

      Milan Plaza Retail Center

      High-traffic Milan retail space available
      531 Main St, Milan, MI 48160
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Kroger-anchored shopping center in Milan.
    Where is this shopping center located?
    The property is located at 517-531 W Main St Milan, MI.
    What are key features of this property?
    This property features: - Anchored by Kroger, the number one grocer by market share in the Ann Arbor area.; - Located at the intersection of Main Street and Platt Road with great visibility and access from Highway 23.; - Average household income greater than $90,900 in a three-mile radius.
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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
    517-531 W Main St Milan, MI 48160
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