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Retail Space on US Hwy 45E
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5024 S 1st Street, Milan, TN 38358

Retail space in Milan, TN with high traffic visibility.

Space Size12,582 SF
Days on Market164

Property Features for 5024 S 1st Street

General Information

Standard status Active
Size 12,582 SF
Property subtype Retail

Building Details

Building Size 12,582 SF
Year Built 1973

Spaces For Lease

at 5024 S 1st Street Contact us

Milan Plaza Suite

Size
12,582 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Buchanan Realty Group
Listed By: Heather Witherspoon · License ##323659
Source: Buchananrealtygroup
Added: Mar 5 Changed: Aug 11 Last Checked: Aug 15 at 4:03AM

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 Buchanan Realty Group

Investment Insights

Based on property information with market context.

This retail space is located in Milan, Tennessee, on US Hwy 45 E, also known as South Main Street. The location benefits from high traffic volume, with counts exceeding 20,000 vehicles per day. Situated within the Milan Plaza Shopping Center, the property offers great visibility and ample parking. Milan is located 19.9 miles northeast of Jackson, Tennessee, and 87.8 miles from Memphis, Tennessee. The section of South Main Street (US Hwy 45E) where the property is located experiences a traffic volume of 15,083 vehicles per day.

Key Highlights

  • High traffic location on US Hwy 45 E with over 20,000 vehicles per day.
  • Excellent visibility from US Hwy 45 E.
  • Ample parking available.

Property Analytics

Current Use

Ruler Foods Grocery & Convenience Store George D. Hazlewood, ... Pharmacy Dillons Grocery & Convenience Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby
154k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 44% Shops & Services 32% Home Improvements & Furnishings 18% Electronics 2%
Walmart Superstores
68,199 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
27,597 visits/mo 0.2 miles
Murphy USA Shops & Services
22,988 visits/mo 0.1 miles
Five Below Shops & Services
16,722 visits/mo 0.2 miles
Dollar Tree Shops & Services
9,044 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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space in Milan, TN with high traffic visibility.
Where is this shopping center located?
The property is located at 5024 S 1st Street Milan, TN.
What are key features of this property?
This property features: High traffic location on US Hwy 45 E with over 20,000 vehicles per day.; Excellent visibility from US Hwy 45 E.; Ample parking available.
More about this property
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