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Grocery-Anchored Retail Center
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531 W Main St, Milan, MI 48160

Retail space available in a shopping center anchored by Kroger with national and regional tenants.

Space SizeContact for details
Lot Size1.88 Acres
Days on Market51

Property Features for 531 W Main St

General Information

Standard status Active
Lot size 1.88 Acres
Property subtype LAND

Spaces For Lease

at 531 W Main St Contact us

531 W Main St

Type
LAND
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Anchored by Kroger, the number one grocer by market share in the Ann Arbor area -...
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Listing Agency: Phillips Edison & Company - Corporate
Listed By: Scott Faloni
Source: Moodyscre
Added: Jul 21 Changed: Sep 2 Last Checked: Sep 8 at 11:02AM

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 Phillips Edison & Company - Corporate

Investment Insights

Based on property information with market context.

This shopping center offers available retail space within a grocery-anchored configuration. The tenant mix includes Kroger, along with Little Caesars and Ace Hardware.

The center is located in Milan at the intersection of Main Street and Platt Road, which runs parallel and provides visibility and access from Highway 23, a primary thoroughfare.

For leasing inquiries, the property offers a retail setting supported by established national and regional brands.

Key Highlights

  • Shopping center anchored by Kroger (ranked number one grocer by market share in the Ann Arbor area)
  • Additional national and regional tenants include Little Caesars and Ace Hardware
  • Located in Milan, 16 miles south of Ann Arbor

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Hair Salon Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop

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

88
Businesses Nearby
45k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Groceries 55% Shops & Services 34% Home Improvements & Furnishings 11%
Kroger Groceries
25,069 visits/mo 0.1 miles
Kroger Fuel Center Shops & Services
9,779 visits/mo 0.1 miles
Shell Shops & Services
5,700 visits/mo 0.1 miles
Milan Ace Hardware Home Improvements & Furnishings
4,862 visits/mo 0.1 miles

Demographics for 48160, MI

14,097
Population
5,224
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
77.9 sq mi
ZIP Area
181
Density / Sq Mi
$99,383
Median Household Income
$40,170
Median Earnings
$1,097
Median Rent
$251,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • The MarketPlace 12 E Main St, Milan, MI 48160
  • Coinstar Kiosk | Bitcoin ATM 531 W Main St Kroger, Milan, MI 48160

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available in a shopping center anchored by Kroger with national and regional tenants.
Where is this shopping center located?
The property is located at 531 W Main St Milan, MI.
What are key features of this property?
This property features: Shopping center anchored by Kroger (ranked number one grocer by market share in the Ann Arbor area); Additional national and regional tenants include Little Caesars and Ace Hardware; Located in Milan, 16 miles south of Ann Arbor
(937) 787-6287 Call to check price and availability
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