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    501 S Mill Ave Tempe, AZ 85281

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    For Lease
    Contact for pricing

    Retail space in historic landmark near Arizona State University.

    Property size:
    5,741 SF
    Lot size:
    0.36 Acres

    Property Features for 501 S Mill Ave

    General Information

    Size
    5,741 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

    Historic Building Near Arizona State

    Located along the western border of Arizona State University's campus, the property at 501 South Mill Avenue is situated in Phoenix's Tempe market on Mill Avenue. Known as the Laird & Dines building, this historic landmark was built in 1893. Tempe Square benefits from the over 86,500 students enrolled at the university. The property offers a unique architectural design that pays homage to the building's rich history, complemented by sophisticated modern finishes. The property offers 5,741 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tacos & Mas Mexican Restaurant Varsity Tavern Restaurant Rodeo Ranch Restaurant One One Bar Restaurant Low Key Piano ... Piano Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.939934
    Latitude
    33.425477

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    FAQs

    What type of property is this?
    Retail space - Retail space in historic landmark near Arizona State University.
    Where is this retail space located?
    The property is located at 501 S Mill Ave Tempe, AZ.
    What are key features of this property?
    This property features: - Located along the western border of Arizona State University’s campus.; - Centrally located on Mill Avenue in Phoenix’s booming Tempe market.; - Benefits from the 86,500+ students enrolled at Arizona State University.
    (480) 223-7729
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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
    501 S Mill Ave Tempe, AZ 85281
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