For Lease
Property summary
Milan Plaza, located at 531 W Main St, Milan, MI 48160, presents a prime retail opportunity within a well-established power center. This 61,357 square foot property, built in 1960, offers a versatile space ideal for a variety of businesses. Currently, there is 1,370 square feet of vacant space available for lease, perfect for expansion or a new venture. The property's location in Washtenaw County ensures high visibility and accessibility for customers. The existing tenant mix within the power center creates a synergistic environment, attracting a substantial customer base. This is a chance to secure a space in a thriving retail location with a long history in the community. The property benefits from its established presence and convenient access to major roadways, ensuring strong foot traffic and visibility. The available 1,370 square feet provides ample room for customization to suit specific business needs. This is an exceptional opportunity to establish or expand a retail presence in a desirable Michigan market. The property's size and location make it an attractive option for businesses seeking a strong foothold in a busy commercial area. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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Gas Station
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Big Box & Wholesale Store
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(Bike/Boat/Book/etc) Store Florist
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Bank Credit Union
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Cinema (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The GB, General Business District is intended to provide areas for more diversified retail and service uses, a City-wide, or regional market area, and/or arterial exposure.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
GB · Milan, MIThe GB, General Business District is intended to provide areas for more diversified retail and service uses, a City-wide, or regional market area, and/or arterial exposure.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The GB, General Business District is intended to provide areas for more diversified retail and service uses, a City-wide, or regional market area, and/or arterial exposure.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Milan, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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