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    11260 State Route 56 Mount Sterling, OH 43143

    Sponsored
    For Sale
    $200,000

    Build your dream home or farm. Excellent I-71 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4-acre property, located at 11260 State Route 56 in Mount Sterling, Ohio, presents a unique opportunity for residential or agricultural development. The 174,240 square foot lot boasts mature trees providing natural beauty and established landscaping. Existing infrastructure includes a well and septic system, simplifying the building process. A barn with a loft offers versatile storage or potential for conversion. Currently, the front portion of the land is planted with a hay mix of alfalfa, timothy, orchard grass, and clover. The property's convenient location offers easy access to Interstate 71, providing a quick commute to nearby cities. The property is zoned for residential use, making it ideal for building a new home or expanding an existing agricultural operation. This is a rare opportunity to acquire a sizable parcel of land in a desirable location, offering both privacy and convenience. The property's existing features, including the well, septic, and barn, represent significant value and reduce the initial investment required for development. The mature trees and established hay field add to the property's overall appeal and functionality. The asking price for this remarkable property is $200,000. The property's 1935 construction date refers to the existing barn.

    Property Features for 11260 State Route 56

    General Information

    Property type
    Land

    Building Details

    Year Built
    1935

    HighLights

    • $200,000 asking price.
    • 4‑acre land parcel in Mount Sterling, OH.
    • 174,240 square foot lot.
    • 1935‑built barn with loft on site.
    • Existing well and septic system.
    • Minutes from I‑71.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Sterling
    County
    Madison
    State
    Ohio
    Longitude
    -83.3177053
    Latitude
    39.7770627

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    FAQs

    What type of property is this?
    Land - Build your dream home or farm. Excellent I-71 access.
    Where is this land located?
    The property is located at 11260 State Route 56 Mount Sterling, OH.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: $200,000 asking price.; 4-acre land parcel in Mount Sterling, OH.; 174,240 square foot lot.
    Request Owner's contact information
    11260 State Route 56 Mount Sterling, OH 43143
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    Mount Sterling, OH 43143
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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
    11260 State Route 56 Mount Sterling, OH 43143
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