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Commercial Land with Existing Improvements
For Sale
$1,700,000
Pending

12533 S 1st St, Milan, TN 38358

Land, Milan, TN

Property SizeContact for details
Lot Size5.50 Acres
Days on Market1036

Property Features for 12533 S 1st St

General Information

Property type Land
Property subtype Other
Zoning description commercial
Lot features Split Possible
Directions From the intersection of Hwy 45 and Hwy 79 in Milan (Burger King). Proceed north on Hwy 45 (S First Street) appx 2 mi, property will be on right.
Standard status Pending
APN Multiple Parcel
Lot size 5.50 Acres

Utilities

Utilities Natural Gas Available
Listing Agency: Hickman Realty Group Inc.-Jack
Listed By: David W. Nelson · License #202015
Added: Nov 13, 2023 Changed: Aug 19 Last Checked: Sep 14 at 12:06AM
MLS# 234593

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 commercial land offering combines approximately 5.5 acres across three tracts with several existing improvements. The property includes a car sales office, a large shop, a 3,750-square-foot rental area used for firecracker sales, and 65 mini storage units. Natural gas is available.

The site fronts US 45 in Milan, a four-lane highway extending from the Gulf of Mexico to the Great Lakes. The property is situated between McDonald's and Walmart, with room for additional construction alongside the existing commercial improvements.

Key Highlights

  • Approximately 5.5 acres across 3 tracts
  • Car sales office and large shop on site
  • 3,750 square feet of rental area for firecracker sales

Property Analytics

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Current Use

Emert Auto Sales Car Dealership Southern Boom Fireworks Discount Store Big Bad Wraps Auto Repair Shop Autocare Milan Auto Repair Shop

Suggested Use

Top Pick Dental Office Electrical Service Storage Facility Real Estate Agency (Bike/Boat/Book/etc) Store Pharmacy

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

92
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Multi-use commercial property with office, shop, rental space, and mini storage units along a four-lane US 45 corridor.
Where is this commercial land located?
The property is located at 12533 S 1st St Milan, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 5.5 acres across 3 tracts; Car sales office and large shop on site; 3,750 square feet of rental area for firecracker sales
More about this property
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