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Property profile & analytics
FOR SALE
Medical Office Space

1124 S Main St Milan, TN 38358

1,200 SF 0.04 ac lot Built 1900
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US80-1607531
Property summary
AI-generated overview

This exceptional 1,200 square foot office building presents a fantastic opportunity for businesses seeking a prominent location in Milan, Tennessee. Situated on a sizable 0.4-acre lot at 1124 S Main Street, this property offers ample space and visibility. The building's interior is ready for immediate occupancy, providing a functional and efficient workspace. The generous lot size allows for potential expansion or additional parking, catering to the needs of a growing business. Its strategic location on Main Street ensures high visibility and easy access for clients and employees. The asking price of $125,000 represents exceptional value for a property of this caliber in a thriving community. This is an ideal investment for owner-occupiers or investors seeking a strong return on investment. The property's solid construction and well-maintained condition promise years of reliable service. Don't miss this chance to secure a prime commercial space in a desirable location. The property is ready for immediate possession, allowing for a swift and seamless transition for your business. This is a rare opportunity to acquire a well-positioned office building in a growing market. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1900
Total area 1,200 SF
Lot 0.04 ac (1,600 SF)
Zoning code B3
APN 140C R 00500
UPID US80-1607531
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
Current use
Occupant on record · Public records
  • Joe Widner, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fields,robert M · 20 yrs held
Fields,robert M
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
B3 · Milan, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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