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Property profile & analytics
FOR LEASE
Retail space

15423 S 1St St Milan, TN 38358

43,966 SF 4.73 ac lot Built 2007
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1143617
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction FRAME
Total area 43,966 SF
Lot 4.73 ac (206,039 SF)
APN 143 07204
UPID US80-1143617
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
  • FACTORY CONNECTION Shoe Store Women'S Clothing Store
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.85M
Blend (final) Blend
$4.38M
Owner & transaction history
Marketplace At Milan LLC · 2 yrs held
Marketplace At Milan LLC
since 2023
Last sale
$4.7M
2 recorded transactions
2023
$4.7M
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $5.7M +75.4%
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More about this property
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