Versatile Retail and Office
For Lease
$45 SF/Yr
531 Michigan Ave, Miami Beach, FL 33139
Fully renovated shell space is available for retail or can be divided, designed for flexible interior build-outs.
Space SizeContact for details
Days on Market42
Property Features for 531 Michigan Ave
General Information
Standard status
Active
Building Details
Year Built
1940
Listing Agency:
Cromwell & Forbes Inc
(305) 905-1305
Listed By:
Laurent Benzaquen · License #A11991121
Source:
Mymiahomes
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 30 at 8:47PM
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 Cromwell & Forbes Inc
Investment Insights
Based on property information with market context.
This fully renovated property is being delivered as a clean, upgraded shell, offering a blank canvas for tenant or owner-specific interior design. The space has undergone significant renovations, including updated infrastructure, while maintaining flexibility to tailor the layout and finishes to the intended business needs.
The offering is positioned at 531 Michigan Ave in Miami Beach, with access to nearby attractions, dining, retail, and residential developments. The property is described as being in a high-traffic area with steady foot traffic.
Approximately 3,200 square feet is available for retail use, and the space can be divided. The adaptable configuration supports a range of commercial concepts such as retail, office, showroom, gallery, or other specialty uses.
The offering is positioned at 531 Michigan Ave in Miami Beach, with access to nearby attractions, dining, retail, and residential developments. The property is described as being in a high-traffic area with steady foot traffic.
Approximately 3,200 square feet is available for retail use, and the space can be divided. The adaptable configuration supports a range of commercial concepts such as retail, office, showroom, gallery, or other specialty uses.
Key Highlights
- Fully renovated shell space at 531 Michigan Ave, built in 1940
- 3200 sq ft available for retail use
- Space can be divided into multiple areas
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,746
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Lease Benchmarks for Miami Beach, FL
$47.29 /SF/Yr
Avg Asking Price
$4.03–$85 /SF/Yr
Price Range
4,263 SF
Avg Space Size
This space is priced 5% below the average of $47.29 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Fully renovated shell space is available for retail or can be divided, designed for flexible interior build-outs.
Where is this retail space located?
The property is located at 531 Michigan Ave Miami Beach, FL.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: Fully renovated shell space at 531 Michigan Ave, built in 1940; 3200 sq ft available for retail use; Space can be divided into multiple areas
