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    420 S Mill Ave Tempe, AZ 85281

    For Lease
    Contact for pricing

    Retail space near Arizona State University's campus on Mill Avenue.

    Property size:
    9,265 SF
    Lot size:
    0.36 Acres

    Property Features for 420 S Mill Ave

    General Information

    Size
    9,265 SF
    Lot size
    0.36 Acres

    Source: Phoenix Commercial Advisors Agent Courtney Auther Van Loo

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

    Overview

    Tempe Square Retail Opportunity

    Located along the western border of Arizona State University’s campus, Tempe Square benefits from the over 86,500 students enrolled at the university. Situated in Tempe on Mill Avenue, Tempe Square features a unique architectural design that pays homage to the building’s history, complemented by modern finishes. The property includes the Laird & Dines building, a historic landmark built in 1893, located at 501 South Mill. The property offers 9,265 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Crispy Cones - Tempe Ice Cream Shop Lotions & Potions Perfume Store Bank of America ATM Atm The Paleta Bar | On Mill Ice Cream Shop Bang Bang - Tempe Asian Fusion Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9403433
    Latitude
    33.4257702

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    FAQs

    What type of property is this?
    Retail space - Retail space near Arizona State University's campus on Mill Avenue.
    Where is this retail space located?
    The property is located at 420 S Mill Ave Tempe, AZ.
    What are key features of this property?
    This property features: - Located on Mill Avenue in Tempe, a booming Phoenix market.; - Adjacent to Arizona State University's campus with access to over 86,500 students.; - **Historic landmark building: the Laird & Dines building, built in 1893.**
    (480) 223-7729
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    420 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
    420 S Mill Ave Tempe, AZ 85281
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