Owen Road, Milan, MO 63556
None · Sullivan County
Key Facts
Description
This highly productive 174.2± acre farm in Sullivan County offers a strong investment opportunity with consistent income and quality soils. Located in the desirable Yellow Creek bottoms just 6 miles east of Milan, this property features excellent access only 1/2 mile off Highway P, making it easy to operate year-round. The farm includes 147.78 FSA tillable acres, with 131.83 acres currently in row crop production under a solid 3-year cash rent contract paying $250 per acre annually, providing dependable annual income. Additionally, 15.95 acres are enrolled in CRP, generating $1,510 per year and adding diversity to the income stream. The combination of reliable farm income and conservation payments provides steady and predictable returns for investors. Recreational value is another key highlight, with a hunting lease in place producing $5,000 annually. The area is well known for a high population density of whitetail deer and turkey, making it a highly desirable hunting location. Yellow Creek serves as a natural travel corridor for mature whitetail, offering excellent opportunities for consistent deer movement. The mix of cropland and CRP further enhances habitat for both deer and turkey alike. At the asking price, this farm delivers an approximate 3.38% ROI, making it an attractive addition to any investment portfolio. Whether you are looking to expand your farming operation, secure a stable income-producing asset, or own a versatile recreational property, this tract checks all the boxes. Don’t miss this opportunity to own premium bottom ground in a proven agricultural area with excellent access and income already in place.
Property Information
Property Type
Farm
Sub-Type
Unimproved Land
Lot Size
174.20 acres
Zoning
farms
Days on Market
58
MLS® Listing#
2616820
Property Features
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$494
Parcel Number
08-00-00114.00
Directions
From Milan, head east on HWY 6 for 5.5 miles. Turn right onto HWY P for approximately 1.5 miles. Turn left onto Owen Road. Continue 1/2 mile. Property is on right.
Affordability Calculator
$233,428
Estimated monthly payment
$6,212/mo
Principal $933,712 · Est. interest $1,302,611 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Milan, MO
- 88
- Median Days on Market
- 1,554
- Median Sq Ft
- $68
- Median Price / Sq Ft
- 4
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Milan, MO.
Moving Cost Estimate
Listing Courtesy: Missouri Land and Farm LLC - 660-973-3958
Last Updated: 2026-04-26
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