Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1039 W Van Hook St Milan, TN 38358

    View on Map
    Sponsored
    For Sale
    $299,900

    COMMERCIAL - Milan, TN

    Property size:
    5,784 SF
    Lot size:
    0.96 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 23 at 3:06 am

    Property Features for 1039 W Van Hook St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    140E A 001.00
    Parking
    25
    Size
    5,784 SF
    Lot size
    0.96 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    1

    We can help!

    Listing Contact
    Scott Beasley
    Scott Beasley

    Hickman Realty Group

    Listing agent Scott Beasley License #343923

    Listing date Mar 17, 2026

    MLS# 2601114 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Commercial Building in Milan, TN

    Located in Milan, TN, this commercial property offers a value-add opportunity. The property includes a 5,784 square foot commercial building situated on approximately 0.96 acres. Zoned B-2 (Retail Business), the property allows for a wide range of commercial uses including retail, office, and service. The large lot offers ample parking, storage, or expansion potential. The property is suitable as a redevelopment or renovation project for investors or owner-users. The location provides convenient access to both Milan and Jackson.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trimmer's Auto Body Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.754851
    Latitude
    35.915142

    Nearby Similar for Sale

    • $650,000
      6,480 SF

      Renovated Commercial Space in Milan

      6,400+ sq ft renovated building suitable for retail or fitness.
      1077 S Main St, Milan, TN 38358
      View Details
    • $650,000
      5,000 SF

      Modern Shop in Excellent Condition

      Two-year-old, 5,000 sq ft shop with modern amenities.
      3029 Highland St, Milan, TN 38358
      View Details
    • New
      $179,900
      1,143 SF

      Milan Commercial Building For Sale

      Stand-alone building in high-traffic area, suitable for various businesses.
      1053 N Main St, Milan, TN 38358
      View Details
    • $125,000
      1,200 SF

      Downtown Milan Commercial Building For Sale

      1200 SF commercial building in downtown Milan, Tennessee.
      1124 S Main St, Milan, TN 38358
      View Details
    • $650,000
      5,000 SF

      Modern Auto Shop with Bay Doors

      5,000 sq ft shop with 8 bay doors.
      3029 Highland St, Milan, TN 38358
      View Details
    • $350,000
      1,558 SF

      Commercial Building in Desirable Location

      Commercial building in Milan, Tennessee, suitable for various businesses.
      1014 N Main St, Milan, TN 38358
      View Details
    • $182,500
      Pending

      Milan, TN Duplex For Sale

      Duplex in Milan, Tennessee with 2,039 square feet.
      4110 Bringle St, Milan, TN 38358
      View Details
    • $125,000
      1,200 SF

      Downtown Commercial Building For Sale

      1,200 SF commercial building in vibrant downtown area.
      1124 S Main St, Milan, TN 38358
      View Details
    • $650,000
      5,000 SF

      Prime Milan Industrial Property

      5,000 SF Warehouse/Auto Shop
      3029 Highland St, Milan, TN 38358
      View Details
    • Contact for pricing

      Commercial Building in Central Milan

      Highly visible commercial building suitable for retail or office use.
      2025 S 1St St, Milan, TN 38358
      View Details
    • $125,000
      1,200 SF

      Downtown Milan Office Building

      1200 SF Office, Prime Location, $125k
      1124 Main St, Milan, TN 38358
      View Details
    • $650,000
      5,000 SF

      Milan Industrial Shop - 5,000 SF

      Modern Shop, 8 Bays, Ample Parking
      3029 Highland St, Milan, TN 38358
      View Details

    FAQs

    What type of property is this?
    Storefront property - 5,784 SF commercial building on 0.96 acres for sale.
    Where is this storefront property located?
    The property is located at 1039 W Van Hook St Milan, TN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - B-2 Zoning allows for diverse commercial uses.; - +/-5,784 SF building on +/-0.96 acres offers redevelopment/renovation potential.; - Large lot provides ample parking, storage, or expansion possibilities.
    (731) 571-4300
    Request Owner's contact information
    1039 W Van Hook St Milan, TN 38358
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1039 W Van Hook St
    Milan, TN 38358
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1039 W Van Hook St Milan, TN 38358
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Beasley
    Scott Beasley
    Real Estate License ID: 343923
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!