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Historic Retail Space
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420 S Mill Ave, Tempe, AZ 85281

Historic building with modern finishes along the western border of Arizona State University’s campus.

Space Size1,958 SF
Days on Market216

Property Features for 420 S Mill Ave

General Information

Standard status Active
Size 1,958 SF
Property subtype RETAIL

Building Details

Year Built 1893

Spaces For Lease

at 420 S Mill Ave Contact us

501 S Mill Ave

Floor
1
Size
1,958 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Located along the western border of Arizona State University’s campus. - Tempe...
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Listing Agency: Phoenix Commercial Advisors
Listed By: Courtney Auther Van Loo
Source: Moodyscre
Added: Jan 5 Changed: Aug 8 Last Checked: Aug 8 at 1:38PM

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.

This 1,958-square-foot retail space is located within 501 South Mill, a historic building constructed in 1893 and known as the Laird & Dines building. The property combines historic architectural character with modern finishes, creating a distinctive setting for retail use.

Tempe Square is positioned along the western border of Arizona State University’s campus and on Mill Avenue in Tempe. The campus has 86,500+ enrolled students, providing a substantial surrounding university presence. The property address is 420 S Mill Ave, Tempe, AZ 85281.

Key Highlights

  • 1,958‑square‑foot retail space
  • Located along the western border of Arizona State University’s campus
  • Built in 1893 and known as the Laird & Dines building

Property Analytics

Current Use

Crispy Cones - Tempe Grocery & Convenience Store Lotions & Potions Cosmetic Store Bank of America ATM Atm The Paleta Bar | On Mill Grocery & Convenience Store Bang Bang - Tempe Restaurant

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Auto Parts Store Electrical Service Storage Facility

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

2,359
Businesses Nearby
176k
Monthly Visits Nearby

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

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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Historic building with modern finishes along the western border of Arizona State University’s campus.
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: 1,958‑square‑foot retail space; Located along the western border of Arizona State University’s campus; Built in 1893 and known as the Laird & Dines building
(480) 223-7729 Call to check price and availability
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