Property profile

18491 State Hwy Milan, MO 63556

OFF-MARKET
Land
138.4 ac lot
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Property summary

AI-generated overview

This exceptional 138.4-acre property in Sullivan County, Missouri, presents a unique opportunity for hunting, farming, and recreational pursuits. Located just five miles west of Green City, this land boasts a thriving population of turkey, whitetail deer, and other small game. The property includes a 1900 sq ft barn with a half-garage/shop (concrete floor) and a half-living quarters sleeping 4-6, equipped with appliances and furniture (most included). Summer cooling and winter propane heat are provided. High-speed fiber internet is available. Additional amenities include an RV hookup with water and electric (100 yards north of the barn), a 30x30 open-faced storage/carport shed, and a well-established trail system. The farm features 42 acres enrolled in the Conservation Reserve Program (CRP), generating $5,310 annually through 2032, planted in native warm-season grasses. An additional 14 acres are dedicated to established food plots (alfalfa, soybeans, sorghums, and milo), further enhancing wildlife habitat. The property also includes a 3-acre bass-stocked lake and approximately 40 acres of hardwood timber. Four new Amish-built box blinds are negotiable. This property is part of a larger 450-acre parcel and is situated a quarter-mile from the main east entrance to the Roy Blount Reservoir (2300 acres upon completion), offering significant investment potential. The asking price is $855,000, with a price per acre of $6,177.75. The address is 18491 State Hwy Y, Milan, MO 63556.

Property profile

Verified
Property type Land
Lot 138.4 ac (6,028,704 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18491 State Hwy Milan, MO 63556
Milan metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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