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    15423 1St St Milan, TN 38358

    For Lease
    $12 SF/Yr

    Prime Walmart shadow center space available.

    Lot size:
    38,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional executive office opportunity is located within the Marketplace at Milan, a thriving retail and office complex in Gibson County, Tennessee. The property, situated at 1543 S First St, Milan, TN 38358, offers a total of 38,225 square feet of space, with a currently available contiguous block of 3,225 square feet. Smaller spaces are also divisible down to a minimum of 1,600 square feet, providing flexibility for businesses of various sizes. The building benefits from its strategic location as a Walmart shadow center, ensuring high visibility and significant foot traffic. This translates to excellent exposure for your business and easy access for clients and employees. The property is classified as both retail and office space, making it suitable for a wide range of commercial uses. Ample parking is available for tenants and their visitors, ensuring convenience and accessibility. The address is 15423 S First St, Milan, TN 38358. This presents a unique chance to establish a presence in a growing market area with excellent visibility and convenient access. The available space is ideal for businesses seeking a high-traffic location with ample parking and flexible space options. Don't miss this opportunity to secure your business's future in this prime location.

    Property Features for 15423 1St St

    General Information

    Property type
    Shopping centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,225 SF
    Total Rate
    38225

    Unit(s) available at that property

    Space
    Suite 106
    Size
    1,600 SF
    Rate per SF
    $14

    HighLights

    • Excellent location in the expanding Milan, TN market.
    • High visibility and ample parking next to a busy Walmart.
    • 3,225 square feet of retail/office space available for lease.
    • New Five Below store opened in Q4 2023.
    • See property details at Marketplace at Milan website: https://www.realestatesoutheast.com/properties/?propertyId=Milan‑TN‑Lease
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FACTORY CONNECTION Clothing Store Cash Corral Milan Loan Agency AT&T Store Cell Phone Store Dab City Tobacco ... Tobacco Shop Shoe Show Shoe Store

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.7464447
    Latitude
    35.8778746

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    Nearby Similar for Lease

    • Contact for pricing
      294,425 SF

      Renovated Industrial Property Off I-40

      Industrial property between Nashville and Memphis, ready for immediate occupancy.
      4071 Denton Fly Rd, Milan, TN 38358
      View Details
    • Contact for pricing
      2,082 SF

      Retail Space with Great Visibility

      Adaptable retail space with ample parking and brand exposure.
      6045 S 1St St, Milan, TN 38358
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    FAQs

    What type of property is this?
    Shopping center - Prime Walmart shadow center space available.
    Where is this shopping center located?
    The property is located at 15423 1St St Milan, TN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Excellent location in the expanding Milan, TN market.; High visibility and ample parking next to a busy Walmart.; 3,225 square feet of retail/office space available for lease.
    Request Owner's contact information
    15423 1St St Milan, TN 38358
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    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    15423 1St St Milan, TN 38358
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