113 2nd St Milan, MO 63556-1331
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.