Property profile

111 Highway Y Milan, MO 63556

OFF-MARKET
Land
235 ac lot
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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

Location

111 Highway Y Milan, MO 63556
Milan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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