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    Y Highway Milan, MO 63556

    Sponsored
    For Sale
    $2,449,750

    Exceptional investment opportunity: 450 acres of Missouri farmland near Roy Blount Reservoir.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 450-acre agricultural property presents a unique investment opportunity in Sullivan County, Missouri. Located near the eastern entrance of the soon-to-be-completed 2300-acre Roy Blount Reservoir, this expansive land parcel offers significant potential. Comprised of four separate parcels owned by two different parties, the property is available for purchase as a whole for $2,449,750, or individual parcels can be negotiated. The land boasts a price per acre of $5,443.89, reflecting its prime location and high potential for future appreciation. The western edge of the property is conveniently located just half a mile from the reservoir dam, and it shares a boundary with the established Missouri Department of Conservation (MDC) Sears Lake property. This strategic location within the "Big Buck" hunting region adds to its appeal for recreational and investment purposes. The property's proximity to the new reservoir promises increased value and potential for future development. This is a rare opportunity to acquire a substantial land holding in a desirable and rapidly developing area of Missouri. The property is situated at Highway Y, Milan, MO 63556.

    Property Features for Y Highway

    General Information

    Property type
    Farms
    Lot Size
    19,602,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milan
    County
    Sullivan
    State
    Missouri
    Longitude
    -93.1378173
    Latitude
    40.2256155

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    FAQs

    What type of property is this?
    Farm - Exceptional investment opportunity: 450 acres of Missouri farmland near Roy Blount Reservoir.
    Where is this farm located?
    The property is located at Y Highway Milan, MO.
    What is the asking price?
    The asking price for this property is $2,449,750.
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    Y Highway Milan, MO 63556
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    Milan, MO 63556
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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
    Y Highway Milan, MO 63556
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