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0 St Rt 350, Milan, IN 47031

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For Sale

$204,900

5.52 acres

Estimated Payment

$ 1,064 /mo. †

6.76% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 5.5 acres
    Lot size

Explore this Property

So many opportunities in this prime location with traffic count over 3.000 vehicles a day per INDOT in 2023. 5acres+/-, subject to survey with over 500 ft of road frontage on SR 350. Zoned local business per Ripley County Planning & Zoning Dept. Located next to Ripley Crossing Senior Living, close to Subway, Hummel Insurance, St. Elizabeth & Margaret Mary Hospital Doctors Office, The Reservation Restaurant, Gas Stations, Banks, etc... Additional Land Available!!
MLS# 1805104

Courtesy Of HUFF Realty, LLC

(812) 537-4663

Property Features

  • Architecture Style
    Other
  • Lot Size
    5.52 Acres

Map and Directions

Directions to 0 St Rt 350, Milan, IN 47031

Home seller CENTURY 21 Thacker

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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $1,064
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,064

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Milan Elementary School

Grades KG-4 Public School

Milan, IN 47031 1.1 miles
418 e carr st

350 total students
17:1 Student teacher ratio

School Rating: B

School Details

Milan Intermediate School

Grades 5-6 Public School

Milan, IN 47031 0.5 miles
609 n warpath dr

143 total students
10:1 Student teacher ratio

School Rating: D

School Details

Milan Middle School

Grades 7-8 Public School

Milan, IN 47031 0.5 miles
609 n warpath dr

171 total students
12:1 Student teacher ratio

School Rating: C

School Details

Milan High School

Grades 9-12 Public School

Milan, IN 47031 0.5 miles
609 n warpath dr

317 total students
12:1 Student teacher ratio

School Rating: C

School Details
Other Nearby Schools Distance Type Grades School Rating
Moores Hill Elementary School 2.7 miles Public KG-6

Moores Hill Elementary School

Distance: 2.7 miles

Type Public

Grades: KG-6

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Milan, IN 47031

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Milan, IN 47031

This community’s employment is highest in the transportation and food industries. The area’s overall household expenses are below the national average.

85° July
Hottest Average Month
19° January
Coldest Average Month
1,862 Total Households in Area
1.6% Increase in population since the year 2010
33.7%
of households
have children
30 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Milan, IN 47031

Milan, IN 47031 has a population of 4,939 people in 1,862 households with a median age of 41 years old.

1.6%
Increase in population
since the year 2010
Population is Trending up
1,888
Total households as of 2010
1.1%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 41 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 94%
Hispanic <1%
Asian <1%
Other <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 94%, followed by Hispanic at <1%, Asian at <1%, and Other at <1%.

Economics
for Milan, IN 47031

80 /sq mi
Population Density
$70,682 /yr
Median Household Income
$0
Median Sales Price
30 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $35-49,999k representing 17.47% of the households.

Transportation to Work

  • Drive 91%
  • Walk or Bike 6%
  • Work from Home 2%
  • Public Transit 0%

Occupancy by Type

Owned 1,454 73%
Rented 408 20%
Vacant 138 7%

White vs Blue Collar Jobs







White Collar 52%
Blue Collar 48%

Family & Education Facts
for Milan, IN 47031

41 Median Age

Average Household Size

2.6
persons per
household

56%

Married Households

Community Population By Education

High School Graduate 40%
Some College 19%
Associates Degree 11%
Some High School 11%
Graduate Degree 10%
Bachelors Degree 9%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 40.49% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
33.7% of households have children

Weather
for Milan, IN 47031

The weather for this area ranges from a high of 85° F in July to a low of 19° F in January

85° July
Hottest Average Month
19° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
19°
38°
Feb
22°
41°
Mar
30°
52°
Apr
40°
63°
May
50°
73°
Jun
59°
82°
Jul
63°
85°
Aug
61°
84°
Sep
54°
78°
Oct
43°
67°
Nov
33°
53°
Dec
24°
41°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Milan, IN 47031!
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Copyright © 2025 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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