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Renovated Retail Space
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531 Michigan Ave, Miami Beach, FL 33139

Updated shell space supports retail use and can be configured for a tailored commercial interior.

Property Size7,889 SF
Price / SF$0.01
Days on Market172

Property Features for 531 Michigan Ave

General Information

Standard status Active
Size 7,889 SF
Property subtype Retail

Taxes and HOA fees

Annual Taxes $38,029

Building Details

Building Size 7,889 SF
Year Built 1940
Listing Agency: Cromwell & Forbes Inc
Listed By: Laurent Benzaquen · License #3149154
Source: Casacollectiongroup
Added: Mar 29 Changed: Sep 13 Last Checked: Sep 15 at 8:30AM

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 retail space at 531 Michigan Ave in Miami Beach provides 3,200 square feet for retail use, with the option to divide the area. Renovation work has updated the property’s infrastructure, while the interior is delivered as a clean shell that can accommodate a customized build-out. The building dates to 1940 and has a total property size of 7,889 square feet.

The property is positioned near dining, retail, residential development, and major attractions, with access to established pedestrian activity. Its adaptable layout may also support office, showroom, gallery, and specialty commercial concepts, subject to applicable requirements.

Key Highlights

  • 3,200 square feet available for retail use
  • Space can be divided for separate configurations
  • Renovated property with updated infrastructure

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Kitchen & Bath Showroom Daycare Center Nursing Home Furniture & Home Goods Auto Parts Store Butcher

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

Location Intelligence

Trade Area within ½ mile

4,746
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Updated shell space supports retail use and can be configured for a tailored commercial interior.
Where is this retail space located?
The property is located at 531 Michigan Ave Miami Beach, FL.
What are key features of this property?
This property features: 3,200 square feet available for retail use; Space can be divided for separate configurations; Renovated property with updated infrastructure
More about this property
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