24300 Highway 5 Milan, MO $ 425,000
24300 Highway 5
$ 425,000
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24300 Highway 5

Milan, MO, 63556
$ 425,000
Bedrooms-- Baths-- Sq 4,480

Monthly Estimate*

$ 2,683

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Commercial Property for sale in Milan, MO

for $425,000. This 4,480 square foot building was built in 1978 on a lot size of 3.

Investors, take note! This exceptional income-producing property features a 9-unit, 4,480 sq. ft. building with the potential to generate over $5,600 per month at full occupancy. Situated on 3 acres just south of town with highway frontage, this property offers excellent visibility and easy access. Also included is a 42' x 72' outbuilding with a concrete floor and the potential for electrical service, providing endless possibilities for storage, a workshop, or future expansion. Numerous updates have been completed in recent years, including a new metal roof and metal siding, helping reduce future maintenance costs. Whether you're looking to expand your investment portfolio or purchase a property with strong income potential and room for growth, this opportunity you won't want to miss.

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Commercial Active

Price

$ 425,000

Property Type

Commercial

Taxes

$ 1,261

Style

Lot Size

3

Year Built

1978

Town/City

Milan

County/Region

Sullivan

MLS | Web ID

46827

Features
General
Sewer Public Sewer Grinder Pump
Heating Forced Electric Mini-Split
Cooling Mini-Split
Possession Close Of Escrow
Roof Asphalt Metal
Gas Y/N None
Construction Materials Brick Metal Siding
Year Built 1978
Property Subtype Commercial
Tax Year 2025
New Construction false
Property Type Commercial Sale
Status Active
City Milan
MLS Area Sullivan
Tax Annual Amount 1261.01
Showing Instructions Appointment Only Call Agent
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description on file at North MO Realty LLC in Milan MO
Freehold IDX BBO
Lot Size Units Acres
Lot Size Square Feet 130680
Stories Count 2
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Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N true
Heating Y/N true
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Building Area Total 4480
Lot Size Area 3
Lot Size Acres 3
Total Parking 20
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* Excluded Features
List By
Kelli Jacobs

Listing Agent

Affordability Calculator

$2,789
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,683
Monthly Property Taxes
$105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4166484 Elementary School
4166482 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2026$425,000 Listed Price

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24300 Highway 5, Milan, MO, 63556 is a Commercial Property for sale at $425,000 with 4,480 sqft and a lot size of 3. 24300 Highway 5 was built in 1978. The property's zip code is 63556 which is in Milan, MO