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    18491 State Hwy, Milan, MO 63556

    138.4 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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