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    111 Highway Milan, MO 63556

    For Sale
    $1,139,750

    235 Acres, Prime Hunting & Grazing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 235-acre property in Milan, Missouri, presents a unique investment opportunity. Currently used for grazing, it boasts excellent fencing, two ponds, and a 5-acre lake. The land features abundant clover and legume grasses, and an estimated 70-90 acres are suitable for row crop conversion. The property's southern and western sections provide prime deer hunting, enhanced by a fenced-off, secluded 5-acre wooded area with cedar and brush cover. Access is via a dead-end gravel road with existing water and electricity. Its strategic location near the future Roy Blunt Reservoir (projected completion 2026-2027) offers significant long-term value appreciation. The reservoir, with 82 miles of shoreline and 2300 acres of water, will increase recreational opportunities and property values in the surrounding area. This property is priced at $1,139,750, or $4,850 per acre, making it an attractive investment for both agricultural and recreational purposes. The property's seclusion and proximity to the upcoming reservoir make it a rare find in Northern Missouri. This is a chance to acquire a versatile property with strong potential for future growth and income.

    Property Features for 111 Highway

    General Information

    Property type
    Farms
    Lot Size
    10,236,600 SF

    HighLights

    • 235‑acre property in Milan, Missouri, ideal for agricultural and recreational use.
    • Excellent fencing, two ponds, and a 5‑acre lake.
    • Abundant clover and legume grasses; 70‑90 acres suitable for row crop conversion.
    • Prime deer hunting in southern and western sections, including a secluded 5‑acre wooded area.
    • Access via dead‑end gravel road; water and electricity available.
    • Strategic location near the future Roy Blunt Reservoir (projected completion 2026‑2027), offering significant long‑term value appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milan
    County
    Queens
    State
    Missouri

    FAQs

    What type of property is this?
    Farm - 235 Acres, Prime Hunting & Grazing
    Where is this farm located?
    The property is located at 111 Highway Milan, MO.
    What is the asking price?
    The asking price for this property is $1,139,750.
    What are key features of this property?
    This property features: 235-acre property in Milan, Missouri, ideal for agricultural and recreational use.; Excellent fencing, two ponds, and a 5-acre lake.; Abundant clover and legume grasses; 70-90 acres suitable for row crop conversion.
    Request Owner's contact information
    111 Highway Milan, MO 63556
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    111 Highway
    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
    111 Highway Milan, MO 63556
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