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    Hwy 45 E Milan, TN 38358

    Pending
    For Sale
    $2,200,000

    LAND - Milan, TN

    Lot size:
    370.00 Acres
    Days on Market:
    314
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for Hwy 45 E

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Vegetation
    Wooded
    APN
    Multiple pacels
    Lot size
    370.00 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Well

    Hickman Realty Group (731) 664-1006 [email protected]

    Listing agent David W Nelson (731) 571-1270 License #202015

    Listing date Jan 28, 2025

    MLS# 247477 Listing URL

    Copyright © 2025 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.

    Overview

    Productive Farm Land in Milan, TN

    This West Tennessee farm, owned by the Crocker family for many years, features a large 315-acre field. Approximately 150 acres are watered by an electric irrigation pivot. The 370-acre property is located in Milan, Tennessee, and has historically been used for high-yield corn and soybean production.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Milan
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.796344
    Latitude
    36.000341

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    FAQs

    What type of property is this?
    Farm - 370-acre farm featuring a 315-acre field with electric irrigation.
    Where is this farm located?
    The property is located at Hwy 45 E Milan, TN.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Large, contiguous 315-acre field ideal for efficient farming.; - High-yielding corn and soybean farm.; - Equipped with an electric irrigation pivot system covering approximately 150 acres.
    (731) 571-1270
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    Hwy 45 E Milan, TN 38358
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    Realmo Value Estimation

    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

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    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.

    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
    Hwy 45 E Milan, TN 38358
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