Milan, MO Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Milan, Missouri Market population: 8K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Milan TN Properties: 0.6600%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Milan TN
Common questions from investors exploring commercial real estate in Milan TN.
What's the overall investment potential of Milan, TN, considering its demographic and economic metrics?
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Milan, TN, offers a relatively stable investment environment, with a median household income of $43,419 and a poverty rate of 18.1%, indicating a working-class market with some employment stability. The city's top industries, including Health Care & Social Assistance and Manufacturing, contribute to its economic diversity, while the 94.5% health insurance coverage rate suggests a relatively secure tenant base. Additionally, the average commute time of 24.5 minutes and high rate of driving alone (87.2%) indicate a reliable infrastructure for daily commutes.
How does the ethnic diversity and foreign-born rate impact the local real estate market in Milan, TN?
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The ethnic diversity in Milan, TN, with a dominant White population (83.1%) and smaller Black or African American (13.0%) and Asian (1.2%) communities, suggests a relatively homogeneous market. The low foreign-born rate of 1.4% may indicate less demand for international-specific amenities, but the presence of various ethnic groups can still support a diverse range of local businesses and services. Furthermore, the city's median property value of $123,400 and homeownership rate of 65.1% suggest a stable housing market with opportunities for both renters and buyers.
What are the implications of the city's commute patterns and health insurance coverage for real estate investors?
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The average commute time of 24.5 minutes in Milan, TN, combined with the high rate of health insurance coverage (94.5%), suggests a relatively stable and secure population, which can lead to lower tenant turnover rates and more reliable rental income. The fact that 87.2% of commuters drive alone also indicates a well-developed road infrastructure, making it easier for residents to access amenities and employment opportunities. This, in turn, can contribute to a more attractive and competitive rental market for investors.
How do the top industries in Milan, TN, influence the local real estate market and investment potential?
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The presence of Health Care & Social Assistance, Retail Trade, and Manufacturing as top industries in Milan, TN, contributes to a diverse economic base, which can lead to a more stable and resilient real estate market. The median household income of $43,419 and poverty rate of 18.1% also suggest a working-class market with some employment stability, supported by these industries. Additionally, the GINI coefficient of 0.443 indicates a moderate level of income inequality, which can impact the demand for different types of housing and rentals in the area.
What role do quality-of-life metrics, such as average household size and commute methods, play in assessing the investment potential of Milan, TN?
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The average household size of 2.45 in Milan, TN, and the dominant commute method of driving alone (87.2%) suggest a relatively traditional household structure and transportation pattern. This, combined with the average commute time of 24.5 minutes and high health insurance coverage rate (94.5%), indicates a relatively stable and secure population, which can lead to more reliable rental income and lower tenant turnover rates. Furthermore, the city's median property value of $123,400 and median property taxes of $1,242 provide a relatively affordable housing option for both renters and buyers, supporting the local real estate market's investment potential.
Milan TN Real Estate & City Facts
Key facts and real estate information about Milan TN.
What are some of the best neighborhoods to live in Milan?
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Some of the best neighborhoods to live in Milan, TN are Milan and Walnut Grove. These neighborhoods offer a great quality of life, with affordable housing options and a strong sense of community. According to Nextdoor, Milan is the #1 best neighborhood to live in Milan, Tennessee, with an affordability score of 100. Walnut Grove is also a popular choice, with an affordability score of 100.
What are some fun things to do in Milan?
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There are plenty of fun things to do in Milan, TN. You can visit the West Tennessee Agriculture Museum, which offers guided tours and admission is free. You can also check out Jewels and Gems, a local art gallery. If you're looking for outdoor activities, you can visit the Lichterman Nature Center or the Memphis Botanic Garden. According to Tripadvisor, the top 5 things to do in Milan are The West Tennessee Agriculture Museum, Jewels and Gems, Darnell's Tavern, Milan Ritz, and Smokin' Hot BBQ Drive-In.
What is the food scene like in Milan?
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The food scene in Milan, TN is diverse and delicious. You can find everything from Southern comfort food to BBQ and international cuisine. Some popular restaurants in Milan include Hig's Restaurant, Chow Wagon, Smokin' Hot BBQ Drive-In, and Toyami. According to Yelp, the top 10 best new food spots in Milan include Clenney's Grill, Good Ole Cooking, Countryboy At The Cajun Shack, and more. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Milan?
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The pros of living in Milan, TN include its affordable housing options, strong sense of community, and plenty of outdoor activities to enjoy. However, some cons include the limited job opportunities and lower median household income compared to other cities in the state. According to Data USA, the median household income in Milan is $43,419, and the poverty rate is 18.1%. Despite these challenges, Milan is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Milan a good place to live?
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Milan, TN is a great place to live for those who value a strong sense of community, affordable housing, and a relaxed pace of life. While it may have its challenges, including limited job opportunities and a lower median household income, the city offers a great quality of life and plenty of outdoor activities to enjoy. According to Lilly Realty, Milan is the perfect place to call home, with its affordable living, top-notch schools, and strong community spirit. Overall, Milan is a good place to live for those who are looking for a close-knit community and a slower pace of life.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Milan TN Commercial Property: $43,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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