Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Development Site in Bucyrus Title is generated by Realmo AI

    116 Melcher Blvd, Bucyrus, OH 44820

    View on Map
    Claim this Listing
    Picture of Commercial land at 116 Melcher Blvd, Bucyrus, OH
    For Sale
    $950,000

    LAND - Bucyrus, OH

    Lot size:
    17.63 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 1 at 4:06 am

    Property Features for 116 Melcher Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24210004304000 + 6 more
    Lot size
    17.63 Acres

    Taxes and HOA fees

    Tax Annual Amount
    766

    We can help!

    Listing Contact
    Joseph Dzugan
    Joseph Dzugan

    Listing agent Joseph Dzugan License #2005004867

    Listing office Dzugan Real Estate Services LLC 204 N Seltzer St., CRESTLINE, OH

    Listing date Mar 9, 2026

    MLS# 9072629 Listing URL

    Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 17.63 acre development site at the high visibility interchange of US 30 and St. Rt. 4.
    • Excellent highway exposure and accessibility.
    • Utilities available on site.
    • Suitable for commercial, residential, storage, retail, or mixed‑use development.
    • Located next to an established residential neighborhood and along a primary traffic corridor.
    • Two existing entrance roads.

    Overview

    This 17.63-acre development site is located at the interchange of US 30 and St. Rt. 4 in Bucyrus, OH. The property offers highway exposure and accessibility, with two existing entrance roads and available utilities. Positioned next to a residential neighborhood and along a primary traffic corridor in Crawford County, the property is suited for commercial, residential, storage, retail, or mixed-use development. Parcels with this level of access and visibility are increasingly rare at this interchange.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bucyrus
    County
    Crawford
    State
    Ohio
    Longitude
    -82.9723576
    Latitude
    40.8237218

    Nearby Similar for Sale

    • $107,000
      4,780 SF

      Bucyrus Commercial Opportunity For Sale

      Former Salvation Army building with multiple spaces and detached garages.
      224 E Rensselaer, Bucyrus, OH 44820
      View Details
    • $249,900

      Bucyrus Triplex with Income Potential

      Brick triplex with two leased units and income potential.
      908 Maple Street, Bucyrus, OH 44820
      View Details
    • $137,000
      2,526 SF

      Bucyrus Duplex Investment Opportunity

      Two-unit property with steady tenant demand and good cash-flow.
      413 &1/2 Woodlawn Ave, BUCYRUS, OH 44820
      View Details
    • $125,000
      1,700 SF

      Bucyrus Multifamily Investment Opportunity

      Multifamily property with conversion potential in Bucyrus, Ohio.
      624 &1/2 Prospect St, BUCYRUS, OH 44820
      View Details
    • Contact for pricing
      90,000 SF

      Bucyrus Industrial/Warehouse/Manufacturing Space

      10,000-90,000 SF industrial space suitable for warehouse, distribution, manufacturing.
      1520 Isaac Beal Rd., Bucyrus, OH 44820
      View Details
    • $137,000
      2,526 SF

      Bucyrus Duplex Investment Opportunity

      Two-unit property with steady tenant demand and good cash-flow.
      413 &1/2 Woodlawn Ave, Bucyrus, OH 44820
      View Details
    • $206,700

      Land with River in Bucyrus

      Over two acres of land with river and wooded backdrop.
      Stetzer, Bucyrus, OH 44820
      View Details
    • $1,500
      1,638 SF

      Bucyrus Commercial Space For Lease

      Commercial space for lease near downtown Bucyrus, Ohio.
      201 W Charles Street Suite A, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      50,000 SF

      Bucyrus Industrial/Manufacturing Flex Space

      50,000 SF industrial/manufacturing/flex space in North Central Ohio.
      1520 Isaac Beal Rd., Bucyrus, OH 44820
      View Details
    • $125,000
      1,700 SF

      Bucyrus Multifamily with Original Woodwork

      Multifamily property in Bucyrus, OH, with investment or conversion potential.
      624 &1/2 Prospect St, Bucyrus, OH 44820
      View Details
    • $900,000
      7,288 SF

      Historic Al Capone's Hideout

      Historic property with rental rooms, sports bar, and updated features.
      112 W Mansfield St, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      30,000 SF

      Bucyrus Warehouse/Manufacturing Space Available

      30,000 SF warehouse/manufacturing space with loading docks for sale.
      1520 Isaac Beal Rd. #600, Bucyrus, OH 44820
      View Details

    FAQs

    What type of property is this?
    Commercial land - 17.63 acre development site with excellent highway exposure.
    Where is this commercial land located?
    The property is located at 116 Melcher Blvd Bucyrus, OH.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Prime 17.63 acre development site at the high visibility interchange of US 30 and St. Rt. 4.; Excellent highway exposure and accessibility.; Utilities available on site.
    (419) 295-5183
    We can help!
    Listing Contact
    Joseph Dzugan
    Joseph Dzugan
    Real Estate License ID: 2005004867
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 Melcher Blvd, Bucyrus, OH 44820
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!