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 3.12% 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.
Active
$1,201,980
Owen Rd, Milan, MO 63556
--beds
0baths
174.2Acres
Unimproved Land
Built in ----
174.2 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 3 days |
- 14 |
- 0 |
Zillow last checked:
Listing updated:
Listing Provided by:
Troy Toedebusch 660-973-3958,
Missouri Land and Farm LLC
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2616820
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 174.2 Acres
- Features: Acreage
- Topography: Bottomland
Details
- Parcel number: 080000114.00
- Zoning: farms
Utilities & green energy
- Sewer: None
- Water: None
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Milan
Financial & listing details
- Annual tax amount: $494
- Date on market: 5/11/2026
- Listing terms: Cash,Conventional
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $1,201,980 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 63556
Nearby schools
GreatSchools rating
- 5/10Milan Elementary SchoolGrades: PK-6Distance: 5.6 mi
- 5/10Milan High SchoolGrades: 7-12Distance: 5.6 mi
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