Commercial Sale · Retail
1197 71 St, Miami Beach FL 33141, MIAMI BEACH, FL, 33141
Active114 days on marketListed Apr 21, 2026MLS #A12005184
About this property
The property at a glance
Rarely available 800 SF retail/office suite in one of Normandy Isle's most iconic commercial buildings. Fully renovated in 2024, this ground floor space delivers modern commercial functionality with style. Featuring luxury vinyl tile flooring built for heavy traffic, a floor-to-ceiling display window across the front, private restroom, central A/C, and a plug-and-play layout with 2 private offices and open-plan workspace. A dedicated 10x12 ft outdoor patio at the front invites tenants to create their own streetside presence. Positioned on 71st Street, Normandy Isle's vibrant main causeway, the building draws consistent foot traffic from an established long-term tenant roster. Steps from beloved neighborhood anchors Silverlake Bistro, La Poubelle, Katana, and Sumak, as well as the historic Normandy Fountain plaza. Minutes from Surfside, Mid-Beach, Bal Harbour Shops, and the 79th Street Causeway connecting to the mainland. A high-visibility corridor that serves both the island's loyal residential community and a steady stream of visitors. Opportunities in this building are extremely limited. Ideal for boutique retail, professional services, or wellness concepts. Available now.
800
Building sq ft
$0
Price / sq ft
4,595
Lot sq ft
1954
Year built
6400
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
$2,125/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 Alek 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
9,198
Population
$99,060
Median income
48
Median age
2
Avg household
$477,014
Median home value
$1,724/mo
Median rent
850
Households w/ kids
Consumer profile
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.
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.
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.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Recent sales
What actually sold near 1197 71 St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$18,000
9445 Harding Ave, Surfside FL 33154
Sold Oct 15, 2024
$24,000
981 NE 79th St, Miami FL 33138
Sold Oct 21, 2025
$9,000
11001 Biscayne Blvd, Miami FL 33161
Sold Jan 2, 2025
Your team
The pros in your corner
Your agent
Alek Cherrone
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1197 71 St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1197 71 St.
See it in person
Schedule a tour
Live availability from Alek's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Urban Resource LLC · Laura Veitia. MLS #A12005184.
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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