Spaces For Lease

at 531 W Main St

531 W Main St AVAILABLE, Now

Type LAND

Rate Contact for pricing

Sublease No

- Anchored by Kroger, the 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, which is 16 miles south of Ann Arbor, with an average household income greater than $90,900 in a three-mile radius - The center is located at the intersection of Main Street and Platt Road which runs parallel and has great visibility and access from Highway 23, a primary thoroughfare

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Listing Agency: Phillips Edison & Company - Corporate Show Phone

Listed By: Scott Faloni Show Phone

Source: Moodyscre

Added: Jul 21 Changed: Oct 25 Last Checked: Oct 24 at 5:47PM

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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

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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

Contact the owner directly Get the owner's phone numbers and email

Open 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

Explore this area Business Placement

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

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