Historic Mill Avenue Investment
For Sale
Contact for pricing
Pending
401 S Mill Ave, Tempe, AZ 85281
Fully occupied, historic building in Tempe's Mill Avenue District.
Property SizeContact for details
Days on Market288
Property Features for 401 S Mill Ave
General Information
Standard status
Pending
Property subtype
Office, Retail
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Eric Wichterman · License #AZ SA109618000
(602) 954-9000
Source:
Crexi
Added: Nov 24, 2025
Changed: Sep 8
Last Checked: Sep 7 at 11:12AM
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 Cushman & Wakefield - Phoenix, Arizona
Investment Insights
Based on property information with market context.
This historic property, listed on the National Register of Historic Places, features modern improvements and is situated in Tempe's Mill Avenue Entertainment District. The building is 100% occupied by two tenants: Devil's Hideaway, a bar and restaurant on the ground floor, and Serenity Wellness on the second floor. The property is located adjacent to Arizona State University (ASU) and benefits from its location in the walkable Mill Avenue Entertainment District. North Tempe is an active office market with major corporations. The property is within walking distance of a Metro Light Rail station and the Tempe Streetcar stop at 3rd Street and Mill Avenue. The location at the center of Downtown Tempe's Mill Avenue Entertainment District, serving ASU, provides long-term investment viability. Downtown Tempe has limited developable sites, with most planned for residential towers. The property contains 9,614 square feet.
Key Highlights
- Irreplaceable location in Tempe's Mill Avenue Entertainment District
- 100% occupied with thriving tenants: Devil's Hideaway and Serenity Wellness
- Trophy historical property listed on the National Register of Historic Places
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,359
Businesses Nearby
176k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Apparel 10%
Shops & Services 10%
Leisure 7%
Chick-fil-A
Dining
33,031 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
28,362 visits/mo
0.4 miles
Jack in the Box
Dining
13,708 visits/mo
0.3 miles
AMC Centerpoint 11
Leisure
13,061 visits/mo
0.3 miles
Snooze
Dining
11,778 visits/mo
0.4 miles
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully occupied, historic building in Tempe's Mill Avenue District.
Where is this bar & pub located?
The property is located at 401 S Mill Ave Tempe, AZ.
What are key features of this property?
This property features: Irreplaceable location in Tempe's Mill Avenue Entertainment District; 100% occupied with thriving tenants: Devil's Hideaway and Serenity Wellness; Trophy historical property listed on the National Register of Historic Places
