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    OFF-MARKET
    Land

    111 Highway Y, Milan, MO 63556

    235 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 235 ac (10,236,600 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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