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    15423 S 1St St Milan, TN 38358
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    Property profile & analytics

    15423 S 1St St, Milan, TN 38358

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    • Retail space
    • 43,966 SF
    • 4.73 lot acres
    High-Traffic Retail/Office Space Available For Lease
    $4,380,000
    38,225 SF

    High-Traffic Retail/Office Space Available

    Retail or office space in high-traffic Walmart shadow center.

    15423 S First St, Milan, TN 38358
    View Listing
    Property ID
    US80-1143617
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,380,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FACTORY CONNECTION / Clothing Store / Jeans Shop
    • Cash Corral Milan / Loan Service
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • Dab City Tobacco & Vape / (Bike/Boat/Book/etc) Store
    • Shoe Show / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 15423 S 1St St

    Year built
    2007
    Construction
    FRAME
    Lot size
    4.73 lot acres
    Property type
    Retail space
    APN
    143 07204
    APU
    14307204

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2023 $4,650,000 Marketplace At Milan LLC Marketplace Milan Warranty Deed $3.2M · Standard Insurance Co
    May 10, 2023 — Marketplace Milan Gp — Deed · related $650k · Farmers Bank & Trust

    Description

    This exceptional executive office opportunity is located within the Marketplace at Milan, a thriving retail and office complex in Gibson County, Tennessee. The property, situated at 1543 S First St, Milan, TN 38358, offers a total of 38,225 square feet of space, with a currently available contiguous block of 3,225 square feet. Smaller spaces are also divisible down to a minimum of 1,600 square feet, providing flexibility for businesses of various sizes. The building benefits from its strategic location as a Walmart shadow center, ensuring high visibility and significant foot traffic. This translates to excellent exposure for your business and easy access for clients and employees. The property is classified as both retail and office space, making it suitable for a wide range of commercial uses. Ample parking is available for tenants and their visitors, ensuring convenience and accessibility. The address is 15423 S First St, Milan, TN 38358. This presents a unique chance to establish a presence in a growing market area with excellent visibility and convenient access. The available space is ideal for businesses seeking a high-traffic location with ample parking and flexible space options. Don't miss this opportunity to secure your business's future in this prime location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $4,140,000
      ML approach
      $4,080,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,853,000
      Market price range: $1.63M - $6.14M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,255,000
      Current use
      COMMERCIAL (GENERAL)
      $5,705,000
      Change: +75% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.7463
    Latitude
    35.8777
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $98,400
    $1,112,880
    $1,211,280
    -
    $246,000
    $2,782,200
    $3,028,200
    View Listing
    More about this property
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