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1027 Oakwood Dr - Hig's Restaurant 6,964 SF Specialty Building Offered at $1,750,000 in Milan, TN 38358
Investment Highlights
- High Traffic located on Hwy 45
- Well Established business
- Near heart of Milan and other businesses
Executive Summary
Rare opportunity to own a thriving, well-established restaurant in the heart of Milan, Tennessee. This beloved local business has been a community favorite for decades, earning a loyal customer base, strong name recognition, and an outstanding reputation for quality and service. With a proven track record of success, consistent customer retention, and a dedicated following that spans generations, this turnkey operation is perfectly positioned for continued growth. The current owner has built an exceptional business and is ready to retire, creating a unique opportunity for a new owner to step in and capitalize on years of goodwill and community support. The restaurant offers a welcoming atmosphere, established systems, and a solid foundation for future success. Whether you're an experienced restaurateur looking to expand or an entrepreneur seeking a profitable business venture, this is your chance to acquire a respected and successful establishment with deep roots in the community. Businesses with this level of local support, longevity, and earning potential rarely become available. Don't miss the opportunity to carry on a tradition of success while making it your own. Call Chris or Brent for more details!
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,750,000 | Lot Size | 1.19 AC |
| Price Per SF | $251.29 | Building Size | 6,964 SF |
| Sale Type | Owner User | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1986 |
| Property Type | Specialty | Parking Ratio | 2.3/1,000 SF |
| Building Class | C |
| Price | $1,750,000 |
| Price Per SF | $251.29 |
| Sale Type | Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 6,964 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 2.3/1,000 SF |
Amenities
- Signage
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 140L-A-010.00 | Improvements Assessment | $235,240 (2025) |
| Land Assessment | $36,000 (2025) | Total Assessment | $271,240 (2025) |
Property Taxes
Parcel Number
140L-A-010.00
Land Assessment
$36,000 (2025)
Improvements Assessment
$235,240 (2025)
Total Assessment
$271,240 (2025)
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