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Commercial Land with Build-to-Suit Option
For Lease
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533 West Main Street, Milan, MI 48160

Pad site at a grocery-anchored shopping center with access from West Main Street and Platt Road.

Space Size10,000 SF
Days on Market130

Property Features for 533 West Main Street

General Information

Standard status Active
Size 10,000 SF
Property subtype Retail, Restaurant, Land

Building Details

Building Size 10,000 SF
Tenancy Single

Spaces For Lease

at 533 West Main Street Contact us

DEV1

Size
10,000 SF
Type
Land, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Phillips Edison & Company
Listed By: Anthony Edwards · License #FLBO
Source: Crexi
Added: Apr 24 Changed: Aug 30 Last Checked: Aug 30 at 4:31PM

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

Investment Insights

Based on property information with market context.

This commercial land offering is a pad site within Milan Plaza, a grocery-anchored neighborhood shopping center. The site sits in front of the center and is available for either a build-to-suit project or a ground lease, allowing the eventual building size and layout to be tailored to the user. A drive-thru configuration may also be possible.

The property has access from West Main Street and Platt Road and is adjacent to Kroger within an established retail setting. National tenants are already present at the center, supporting daily customer activity and cross-shopping. The surrounding area includes residential density and continued growth, with the site positioned to serve food service, coffee, wellness, medical retail, and specialty service uses identified for the opportunity.

Key Highlights

  • Pad site within Milan Plaza, a grocery‑anchored neighborhood shopping center
  • Build‑to‑suit or ground lease structures available
  • Access from West Main Street and Platt Road

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Restaurant Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Real Estate Agency

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

78
Businesses Nearby
45k
Monthly Visits Nearby

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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Frequently Asked Questions

What type of property is this?
Commercial land - Pad site at a grocery-anchored shopping center with access from West Main Street and Platt Road.
Where is this commercial land located?
The property is located at 533 West Main Street Milan, MI.
What are key features of this property?
This property features: Pad site within Milan Plaza, a grocery‑anchored neighborhood shopping center; Build‑to‑suit or ground lease structures available; Access from West Main Street and Platt Road
More about this property
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