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Property profile & analytics
OFF-MARKET
Retail space

113 2nd St Milan, MO 63556-1331

1,248 SF 0.1 ac lot Built 1900
Individually Owned 9-yr Hold Free & Clear
Property ID
US48-2310636
Property summary
AI-generated overview

This exceptional commercial property, situated on the north side of the Milan, Missouri town square, presents a unique investment opportunity. The building boasts a substantial 2300 square feet of space, ideal for a variety of business ventures or office uses. Its prime location directly beside a pharmacy ensures high visibility and convenient access for potential customers. The main level offers ample space for business operations, while a sizable basement provides extensive storage capacity, perfect for inventory or archives. Adding to its versatility, the property includes two upstairs living areas. While requiring some renovation, these spaces offer significant potential for conversion into additional office space, apartments, or residential accommodations, increasing the property's overall value and rental income possibilities. The 0.06-acre lot provides sufficient space for the building and potential future expansion. The asking price of $145,000 represents a compelling entry point into the thriving Milan commercial market. This property is ready for a new owner to realize its full potential and contribute to the vibrant downtown area. Serious inquiries are encouraged to explore this promising investment opportunity. The property is located at 113 E 2nd, Milan, MO.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,248 SF
Lot 0.1 ac (4,356 SF)
APN 10250056200
UPID US48-2310636
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Allan F Pavon · 9 yrs held
Allan F Pavon
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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