Apartment Building With
For Sale
$425,000
24300 Highway 5, Milan, MO 63556
Nine residential units accompany a separate outbuilding with a concrete floor and recently updated metal exterior materials.
Property Size4,480 SF
Lot Size3.00 Acres
Price / SF$94.87
Days on Market15
Property Features for 24300 Highway 5
General Information
Standard status
Active
Size
4,480 SF
Total Parking Spaces
20
Lot size
3.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$1,261
Building Details
Building Size
4,480 SF
Year Built
1978
Buildings
2
Stories
2
Listing Agency:
North MO Realty LLC
(660) 342-6490
Listed By:
Kelli Jacobs
(660) 342-6490
Source:
Tigercountryrealty
Added: Aug 6
Changed: Aug 15
Last Checked: Aug 19 at 3:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North MO Realty LLC
Investment Insights
Based on property information with market context.
Built in 1978, the property contains a 9-unit apartment building totaling 4,480 square feet. Recent improvements include a new metal roof and metal siding. The site also includes a 42' x 72' outbuilding with a concrete floor and potential for electrical service.
The property occupies 3 acres at 24300 Highway 5 in Milan, Missouri, just south of town with highway frontage and direct highway access. The additional structure provides enclosed space separate from the apartment building, with its existing floor construction and potential electrical service.
The property occupies 3 acres at 24300 Highway 5 in Milan, Missouri, just south of town with highway frontage and direct highway access. The additional structure provides enclosed space separate from the apartment building, with its existing floor construction and potential electrical service.
Key Highlights
- 9‑unit apartment building with 4,480 sq. ft.
- 3‑acre property with highway frontage
- 42' x 72' outbuilding with concrete floor
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 63556, MO
3,452
Population
1,601
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
83%
High-School Grad
241.6 sq mi
ZIP Area
14
Density / Sq Mi
$55,791
Median Household Income
$36,438
Median Earnings
$753
Median Rent
$118,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine residential units accompany a separate outbuilding with a concrete floor and recently updated metal exterior materials.
Where is this apartment building located?
The property is located at 24300 Highway 5 Milan, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 9‑unit apartment building with 4,480 sq. ft.; 3‑acre property with highway frontage; 42' x 72' outbuilding with concrete floor
