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$4,800,000 Just Listed

  • For Sale
  • Active
  • Warehouse
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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.

Full Property Details for 531 Michigan Ave

General

  • Price: $4,800,000
  • Taxes: $38,029 (2024)
  • Status: Active
  • Type: Warehouse
  • Source: Greater_Miami
  • MLS ID: A11991123
  • Updated: 3/29/2026
  • Added to Site: 4 day(s) ago

Business

  • Business Type: Retail Space, Store/Warehouse Combination

Interior

  • Flooring: Concrete

Location

  • County: Miami-Dade County

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Stories/Levels: 2
  • Building Size: 7889
  • Year Built: 1940

Lot Features

  • Lot Size (Sq. Ft.): 7,000
  • Lot Features: City Location
  • Zoning: 6503

Financial Considerations

  • Tax Amount: $38,029
  • Tax Year: 2024
  • Terms: All Cash, Conventional/Refinance

Disclosures and Reports

  • Special Conditions: Sale
  • 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
  • Property ID: 02-42-03-009-6250

Listed by Cromwell & Forbes Inc

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Listing agent

— 531 Michigan Ave —

  • Cromwell & Forbes Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 531 Michigan Ave

School District:Dade County School District
NameGradesDistance
South Pointe Elementary School
1050 4th Street, Miami Beach, FL 33139
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.7 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 531 Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/29/2026
Listed
$4,800,000
90.33%
MLS
2/11/2022
Sold
$2,522,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 531 Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$48,857
16%
$2,860,000
28%
2024
$42,100
1%
$2,240,380
2%
2023
$41,588
14%
$2,200,782
3%
2021
$36,487
-4%
$2,127,375
-3%
2022
$38,029
4%
$2,198,448
3%
2021
$36,487
11%
$2,127,488
47%
2019
$32,771
20%
$1,449,827
10%
2018
$27,390
4%
$1,318,025
-23%
2017
$26,363
3%
$1,705,097
57%
2016
$25,495
22%
$1,089,278
10%
2015
$20,876
14%
$990,253
10%
2014
$18,290
-5%
$900,230
-5%
2013
$19,320
—
$950,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Cromwell & Forbes Inc

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531 Michigan Ave, Miami Beach, FL 33139 (MLS# A11991123) is a Warehouse property. 531 Michigan Ave is currently listed for $4,800,000 and was received on March 29, 2026. Want to learn more about 531 Michigan Ave? Do you have questions about finding other Warehouse real estate for sale in Flamingo-Lummus? You can browse all Flamingo-Lummus real estate or contact a Coldwell Banker agent to request more information.

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