Commercial Sale · Retail
531 Michigan Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active139 days on marketListed Mar 29, 2026MLS #A11991123
About this property
The property at a glance
Unlock the potential of 531 Michigan Ave, a fully renovated property ideally located in one of Miami Beach’s most desirable and high-traffic areas. Delivered as a clean, upgraded shell, this space offers a blank canvas for a wide range of commercial uses and custom build-outs. The property has undergone significant renovations, providing updated infrastructure while allowing tenants or owners the flexibility to design and tailor the interior to their specific business needs. Perfect for retail, office, showroom, gallery, or specialty concepts seeking a highly adaptable space in a premier location. Positioned just steps from major attractions, dining, retail, and residential developments, the property benefits from steady foot traffic and excellent accessibility.
7,889
Building sq ft
$608
Price / sq ft
7,000
Lot sq ft
1940
Year built
1
Building
6503
Zoning
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$24,913/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
23,083
Population
$70,404
Median income
41
Median age
2
Avg household
$377,608
Median home value
$1,724/mo
Median rent
1,591
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Recent sales
What actually sold near 531 Michigan Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$8,140
110 Washington Ave # 7, Miami Beach FL 33139
Sold Dec 11, 2025
$5,000
335 Ocean Dr, Miami Beach FL 33139
Sold Jun 19, 2025
$1,950,000
927 Jefferson Ave, Miami Beach FL 33139
Sold Oct 7, 2024
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 531 Michigan Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 531 Michigan Ave.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of Cromwell & Forbes Inc · Laurent Benzaquen. MLS #A11991123.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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