Listing Agency: Buchanan Realty Group b***@gmail.com Show Phone

Listed By: Heather Witherspoon · License ##323659 Show Phone

Source: Moodyscre

Added: Jul 30 Changed: Aug 2 Last Checked: Aug 6 at 7:51AM

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Investment Insights

Based on property information with market context.

Milan Plaza is a 12,582-square-foot shopping center in Milan, Tennessee, offered for rent. The property provides a retail-oriented commercial setting along the US Hwy 45E corridor, with visibility from the roadway and access to the South Main Street area.

Milan is positioned 19.9 miles northeast of Jackson and 87.8 miles from Memphis, placing the center within reach of both Tennessee markets. The highway-oriented setting and established retail classification support a range of commercial leasing possibilities within the center’s existing footprint.

Key Highlights

• 12,582‑square‑foot shopping center
• Located in Milan, Tennessee
• Roadway visibility from US Hwy 45E

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply Nail Salon

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

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

10k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

7,946 visits/mo 0.5 miles

Napa Auto Parts Shops & Services

1,718 visits/mo 0.2 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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail center along US Hwy 45E with roadway exposure in Milan, Tennessee.

Where is this shopping center located?

The property is located at 5024-5028 S 1 St Milan, TN.

What are key features of this property?

This property features: 12,582‑square‑foot shopping center; Located in Milan, Tennessee; Roadway visibility from US Hwy 45E