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3447 Highway M, 
Miller, MO 65707

$1,820,000


3

Beds


2

Baths


2,035

Sq Ft


Farm

Active

Listed by

Sam R. Craft

Reece Commercial - Springfield

417-882-5710

Last updated:

June 8, 2025, 02:34 PM

MLS#

60290231

Source:

MO GSBOR

About This Home

3447 Highway M

The numbers make sense on this one. New investment opportunity in the Agricultural sector on a +/- 10% CAP rate farm. FARM: This alfalfa-hay & grain operation features majority Class 2 soils with 50% of the farm having a NCCPI (National Commodity Crop Productivity Index) above 78.5 and 31% having a NCCPI above 86.6. The farm has approximately 46 acres of fertile bottom land adjacent to Turnback Creek in the ''Dapue Silt Loam'' soil profile, which is considered ''Prime Farmland'' by the NRCS. Save the expense of establishing a productive alfalfa stand by purchasing an existing operation that has the fertilization and management history necessary for a top producing farm. FINANCIAL: This site's yield history should attract both active and passive agricultural producers. 2024 crop rotation had Wheat, Double Crop Soybeans, and Alfalfa for baleage. We estimate a 10 percent Capitalization Rate and a potential Internal Rate of Return of nearly 16.5%. Owner financing available. Call broker for full in-depth financial analysis. IMPROVEMENTS: Take advantage of depreciation with several property improvements including service roads, a 75x100 red-iron hay barn, a 65x100 red-iron barn, other equipment barns, water well, and an all brick 1,855+/- square foot home with 3 bedrooms and 2 bathrooms.

Home Facts

Farm

2 Baths

3 Bedrooms

Built in 1964

Price Summary

1,820,000

$894 per Sq. Ft.

MLS #:

60290231

Last Updated:

June 8, 2025, 02:34 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Architectural Style:

Ranch

Building Area:

2,035 Sq. Ft.

Year Built:

1964


Lot

Lot Size (Sq. Ft):

9,060,480


Finances & Disclosures

Finances

Price:

$1,820,000

Price per Sq. Ft:

$894 per Sq. Ft.

Source:MO GSBOR
The information being provided by Southern Missouri Regional MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Southern Missouri Regional MLS All rights reserved.

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