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    Andrus Rd Northwood, OH 43619

    For Sale
    $550,000

    11 Acres, Heavy Industrial Zoning, $550,000

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    304
    This exceptional 11-acre parcel presents a compelling investment opportunity in Northwood, Ohio. Zoned M-2 for heavy industrial use, this flat, build-ready site offers significant potential for development. Priced at $50,000 per acre, the property boasts convenient access to major transportation arteries, including I-75 (1.5 miles), I-280 (5 miles), and the Ohio Turnpike (I-80/90) (5 miles). Utilities are readily available nearby. The location within a high-demand industrial market, coupled with its proximity to industry giants like Amazon, First Solar, Stellantis, General Motors, and Whirlpool, ensures strong growth potential and long-term appreciation. Northwood's business-friendly environment and attractive tax incentives, combined with access to a skilled workforce from numerous nearby colleges and universities, further enhance the property's desirability. This prime location offers unparalleled advantages for industrial development and strategic investment. The property is ideal for businesses seeking a strategic location within a thriving industrial hub. The asking price is $550,000. The average rent per square foot in the area is $1.15.

    Property Features for 0 Andrus Rd

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • $550,000 asking price for 11 acres of industrial land.
    • M‑2 Heavy Industrial zoning.
    • $50,000/acre land value.
    • Utilities nearby.
    • Prime location in high‑demand industrial market near I‑75, I‑280, and the Ohio Turnpike (I‑80/90).
    • Flat topography.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.5276426
    Latitude
    41.6157985

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    FAQs

    What type of property is this?
    Land - 11 Acres, Heavy Industrial Zoning, $550,000
    Where is this land located?
    The property is located at Andrus Rd Northwood, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for 11 acres of industrial land.; M-2 Heavy Industrial zoning.; $50,000/acre land value.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Andrus Rd Northwood, OH 43619
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