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Brick Restaurant Building
For Sale
$1,750,000

1027 Oakwood Drive, Milan, TN 38358

Commercial Sale, Milan, TN

Property Size6,964 SF
Lot Size2.17 Acres
Price / SF$251.29
Days on Market91

Property Features for 1027 Oakwood Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Parking 50
Elementary school district Milan School District
Standard status Active
APN 140L A 010.00
Size 6,964 SF
Lot size 2.17 Acres

Taxes and HOA fees

Tax Annual Amount 9548

Utilities

Sewer type Public Sewer
Cooling system Electric, Central Air, Ceiling Fan(s)
Water source Public

Building Details

Year built 1986
Floors in Building 1
Flooring type Carpet, Tile
Building materials Brick, Metal Siding
Listing Agency: Crye-Leike Elite
Listed By: Chris Miller · License #322301
Added: Jun 10 Changed: Sep 7 Last Checked: Sep 8 at 4:06AM
MLS# 2602723

Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This restaurant property includes 6,964 square feet on a 2.17-acre site in Milan, Tennessee. The improvements date to 1986 and feature brick and metal siding, with carpet and tile flooring throughout the building. Cooling is provided by electric central air and ceiling fans.

The property is served by public water and public sewer. Located at 1027 Oakwood Drive, the asset includes an established restaurant operation with an existing local presence. Its building size, site area, utility connections, and restaurant configuration provide a defined commercial property base for continued restaurant use.

Key Highlights

  • 6,964‑square‑foot restaurant property on 2.17 acres
  • Brick and metal siding construction
  • Built in 1986

Property Analytics

Current Use

Hig's Restaurant Restaurant

Suggested Use

Top Pick Kitchen & Bath Showroom Storage Facility Bakery Garden Center Electrical Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby
107k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 50% Home Improvements & Furnishings 23% Shops & Services 18% Groceries 4%
McDonald's Dining
21,906 visits/mo 0.2 miles
Wendy's Dining
19,591 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
16,180 visits/mo 0.2 miles
Exxon Shops & Services
11,580 visits/mo 0.5 miles
Dollar General Shops & Services
7,747 visits/mo 0.4 miles

Demographics for 38358, TN

12,153
Population
5,113
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
82.7 sq mi
ZIP Area
147
Density / Sq Mi
$65,537
Median Household Income
$39,429
Median Earnings
$808
Median Rent
$157,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • China House 6066 B, S 1st St, Milan, TN 38358

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with public water and sewer service in Milan.
Where is this conventional restaurant located?
The property is located at 1027 Oakwood Drive Milan, TN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,964‑square‑foot restaurant property on 2.17 acres; Brick and metal siding construction; Built in 1986
More about this property
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