111 Highway Milan, MO 63556
- Land
- 235.00 lot acres
Current Use by Public Records
- Land
Property Details for 111 Highway
- Lot size
- 235.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milan
- County
- Queens
- State
- Missouri
- Longitude
- -93.0275713
- Latitude
- 40.2359932
