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Historic Building Near Arizona State
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501 S Mill Ave, Tempe, AZ

Retail space in historic landmark near Arizona State University.

Space Size3,325 SF
Property Size5,741 SF
Lot Size0.36 Acres
Days on Market937

Property Features for 501 S Mill Ave

General Information

Standard status Active
Size 3,325 SF
Lot size 0.36 Acres
Property subtype RETAIL

Spaces For Lease

at 501 S Mill Ave Contact us

501 S Mill Ave

Floor
1
Size
3,325 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, 30 Days
Sublease
No
- Do not disturb tenant - Located along the western border of Arizona State University’s...
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Listing Agency: Phoenix Commercial Advisors
Listed By: Courtney Auther Van Loo
Source: Moodyscre
Added: Jan 16, 2024 Changed: Aug 8 Last Checked: Aug 9 at 7:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phoenix Commercial Advisors

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

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

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Dental Office Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,779
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 100%
Urban Outfitters Apparel
6,647 visits/mo 0.5 miles

Market

Lease Benchmarks for Tempe, AZ

$18.79 /SF/Yr
Avg Asking Price
$15–$26 /SF/Yr
Price Range
18,538 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

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 Call to check price and availability
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