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541 W Main St
Milan, MI 48160
Retail Property For Sale


Investment Highlights
- Former bank branch with existing drive-through lanes.
- Zoned C-1 General Business.
- Existing banking infrastructure may support multiple commercial uses.
- Located along West Main Street northwest of downtown Milan.
- Freestanding commercial building on approximately 0.46 acres.
- Accessible location serving the Milan community.
Executive Summary
541 W Main St presents an opportunity to acquire a former bank branch positioned along West Main Street in Milan, Michigan. Situated on approximately 0.46 acres and zoned C-1 General Business, the property offers an existing commercial building configuration that can support a variety of retail, service, office, or financial institution uses subject to local requirements. The existing drive-through lanes provide functionality that is increasingly difficult to replicate, creating potential value for users seeking customer convenience, vehicle circulation, or transaction-oriented operations.
The property is located northwest of downtown Milan, providing access to the city's established commercial corridor and surrounding residential neighborhoods. Milan benefits from its location between Ann Arbor and Dundee with connectivity to the broader Washtenaw County and Southeast Michigan region. The site's position along Main Street offers visibility and accessibility for businesses serving local residents and area visitors.
Formerly operated as a banking facility, the property includes an established commercial footprint on a parcel that provides additional site area relative to the building size. The General Business zoning designation may support a range of commercial redevelopment or owner-user opportunities, allowing buyers to evaluate the property's potential for continued financial services use or alternative business concepts.
For investors and owner-occupants, the combination of an existing commercial structure, drive-through infrastructure, commercial zoning, and a Main Street location presents a flexible acquisition opportunity within the Milan market.
The property is located northwest of downtown Milan, providing access to the city's established commercial corridor and surrounding residential neighborhoods. Milan benefits from its location between Ann Arbor and Dundee with connectivity to the broader Washtenaw County and Southeast Michigan region. The site's position along Main Street offers visibility and accessibility for businesses serving local residents and area visitors.
Formerly operated as a banking facility, the property includes an established commercial footprint on a parcel that provides additional site area relative to the building size. The General Business zoning designation may support a range of commercial redevelopment or owner-user opportunities, allowing buyers to evaluate the property's potential for continued financial services use or alternative business concepts.
For investors and owner-occupants, the combination of an existing commercial structure, drive-through infrastructure, commercial zoning, and a Main Street location presents a flexible acquisition opportunity within the Milan market.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
475 SF
Building Class
C
Year Built
1950
Price
$100,000
Price Per SF
$210.53
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.46 AC
Zoning
C1
Parking
4 Spaces (9.98 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Awning
Property Taxes
| Parcel Number | 19-34-405-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $160,600 |
Property Taxes
Parcel Number
19-34-405-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$160,600
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