Retail in 531 Michigan Ave Miami Beach for sale with MLS# A11991123

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.

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Days on the market

531 Michigan Ave, Miami Beach, FL 33139

Price
Price:
$4,800,000.00
Original List Price:
$4,800,000.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Commercial Sale
Property Type:
Retail
MLS Number:
A11991123
Description of Last Important Update:
New Listing
Last Major Update on:
March 29, 2026 7:45 am
Measures
Built-Up Area:
7,889 Sqft
Lot Area:
7,000 Sqft
Lot Size Unit:
Square Feet
Property Features
Waterfront:
No
Construction
Year Built:
1940
Number of Buildings:
1
Levels:
Two
Construction Materials:
Block
Flooring:
Concrete
Structure Type:
Warehouse, Retail
Stories:
2
Taxes and Expenses
Tax Annual Amount:
$38,029.00
Tax Year:
2024
Parking
Covered Spaces:
0
Community
Senior Community:
No
Terms
Disclosures:
Owner Is Listing Agent, None
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Vacant
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
3-4 54 42 34 53 42 OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 84 LOT SIZE 50.000 X 140 OR 21315-1463 05 2003 6
Real Estate Folio Number (Parcel Number):
02-42-03-009-6250
Zoning Description:
6503
Listing History
Originally published on:
March 29, 2026 7:45 am
Active on the market since:
March 29, 2026
Price change occurred on:
March 29, 2026 7:45 am
Listing Status Last Changed On:
March 29, 2026 7:45 am
Photos updated on:
March 29, 2026 12:03 pm
Last Modified:
March 29, 2026 12:03 pm
Additional Information
Flood Zone:
AE
Subdivision Number:
9
Courtesy of:
Cromwell & Forbes Inc
Attribution:
Not provided
Location
Street Name:
Michigan Ave
Street Number:
531
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 30.8''
Longitude:
W81° 51' 43.4''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 50 Good
🫁 PM2.5 50 Good

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Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is 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 by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.