1 E Main Street
Milan, MI 48160
Land · MLS # 57031369804 · Listing courtesy of Real Estate One in Milan
About this home
US23 Highway Development Opportunity in growing Milan, MI!!! Located on the SW intersection of US23 (Plank Road exit) with 725ft. of highway frontage and 200ft. of Main St. frontage. 3 parcels, offered together, consisting of approx. 47+/- acres--Highway Commercial and Mixed use Residential Zoning. The Property offers great visibility from the highway interchange and is wooded with a clearing off Main St. It also abuts Gump Lake and City of Milan owned Properties. The southern parcel is currently being farmed and parallels the highway. City Water, Sewer, and Natural Gas are available at the street. Second Parcel ID#58-53-040-257-00 (Parcel C). Part of Parcel D - Parcel ID#58-53-040-262-00 will be included subject to land division. The time has come for you to visit Milan soon, I promise you will not be disappointed.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Milan
Over the last 90 days, 41 homes sold in Milan for a median of $288,000, about $192 per square foot, and the typical one went under contract in 22 days. This home is listed at $1,300,000, and has been on the market 2505 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Milan sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $5,530 a year. A buyer who lives here would pay about $4,199 to $33,407 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.89 mills for Milan City and Milan schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Milan
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