Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1 Main St Milan, MI 48160

    Sponsored
    For Sale
    $1,800,000

    US-23 frontage, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 52-acre property presents a remarkable development opportunity in Milan, Michigan. Strategically located at the southwest intersection of US-23 (Plank Road exit), it boasts 725 feet of highway frontage and an additional 200 feet of Main Street frontage. The land comprises multiple parcels zoned for Highway Commercial and Mixed Use Residential purposes, offering versatility for various projects. Currently, the property is heavily wooded with a cleared area at the front, adjacent to parcels used for farming. Its desirable location abuts Gump Lake and city-owned properties. City water, sewer, and natural gas services are readily available at the street. The sale includes Parcel ID# 58-53-040-256-00 (Parcel C), and portions of Parcel D and Parcel F (north of the river), IDs #53-040-262-00 and #53-040-264-00, subject to land division. This prime location offers easy access to Ann Arbor and Toledo, situated just 15 minutes from either city via the US-23 corridor. Milan's charming historic downtown area, featuring local businesses, adds to the property's appeal. The city's proactive approach to development and its supportive environment make this a compelling investment opportunity for those seeking a blend of small-town charm and modern conveniences. The Highway Service District zoning and available utilities further enhance the property's potential.

    Property Features for 1 Main St

    General Information

    Property type
    Farms
    Lot Size
    2,265,120 SF

    HighLights

    • 52+/- acres of prime development land in Milan, Monroe County.
    • Multiple parcels available.
    • City water, sewer, and gas utilities at street.
    • Walkable to Milan's downtown.
    • 725 feet of US‑23 frontage on Plank Road exit.
    • Highway Service District and Mixed Use zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.675426915035
    Latitude
    42.081905659724

    Nearby Comparable

    • $541,000
      0.36 Acres

      Well-Maintained 6-Unit Building in Milan

      6-unit building with porch, close to shops and restaurants.
      141 County St, Milan, MI 48160
      View Details
    • $239,000
      0.20 Acres

      Milan Duplex with Garage

      Two-unit property near downtown Milan with a large yard.
      203 Hurd St, Milan, MI 48160
      View Details
    • $70,000

      Vacant Land For Sale

      0.73 acres of vacant land with newer development nearby.
      0000 Goldfinch Park, Milan, MI 48160
      View Details
    • $369,900

      Agricultural Land Near Milan, MI

      Land for sale near Milan, MI, with commercial potential.
      Oakville Waltz Rd, Milan, MI
      View Details
    • $1,300,000

      Milan, MI Development Opportunity

      47+/- acres with highway frontage in growing Milan, MI.
      1 E Main St, Milan, MI 48160
      View Details
    • $350,000
      4.90 Acres

      Milan Commercial Land - 4.9 Acres

      Prime Milan location, city utilities, high traffic.
      1 Redman Rd, Milan, MI 48160
      View Details
    • $190,000
      3.50 Acres

      Milan Industrial Park Land - 3.5 Acres

      Prime 3.5-acre industrial lot in Milan, MI.
      320 Squires Dr, Milan, MI 48160
      View Details
    • $850,000
      Pending

      Development Land Ready to Build

      Prime development opportunity with approved blueprints and minimal site preparation.
      Crowe Rd, Milan, MI 48160
      View Details
    • $3,500,000
      79,830 SF

      Milan Warehouse: Prime Industrial Space

      79,830 SF Warehouse, 7 Acres, $3.5M
      525 Redman Rd, Milan, MI 48160
      View Details
    • $2,000,000

      300 Acres of Land Available

      300 acres of land for sale in Milan and London.
      14700 Darling Rd, Milan, MI 48160
      View Details
    • $1,900,000

      Prime Commercial Land Near US-23

      18.53 acre commercial land parcel in Milan, Michigan.
      Arkona Rd, Milan, MI 48160
      View Details
    • New
      $1,900,000
      18.53 Acres

      Prime Commercial Land Near US-23

      18.53 acre commercial land parcel with US-23 visibility.
      Arkona Rd, Milan, MI 48160
      View Details

    Nearby Similar for Sale

    • $541,000
      0.36 Acres

      Well-Maintained 6-Unit Building in Milan

      6-unit building with porch, close to shops and restaurants.
      141 County St, Milan, MI 48160
      View Details
    • $239,000
      0.20 Acres

      Milan Duplex with Garage

      Two-unit property near downtown Milan with a large yard.
      203 Hurd St, Milan, MI 48160
      View Details
    • $3,500,000
      79,830 SF

      Milan Warehouse: Prime Industrial Space

      79,830 SF Warehouse, 7 Acres, $3.5M
      525 Redman Rd, Milan, MI 48160
      View Details

    FAQs

    What type of property is this?
    Farm - US-23 frontage, prime development opportunity.
    Where is this farm located?
    The property is located at 1 Main St Milan, MI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 52+/- acres of prime development land in Milan, Monroe County.; Multiple parcels available.; City water, sewer, and gas utilities at street.
    Request Owner's contact information
    1 Main St Milan, MI 48160
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Main St
    Milan, MI 48160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1 Main St Milan, MI 48160
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.