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    Knorr Rd Galion, OH 44833

    For Sale
    $85,900

    Rare 4-acre lot, city utilities, tax abatement.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 4-acre (174,240 sq ft) commercial and residential lot presents a unique opportunity in Galion, Ohio. Located at 0 Knorr, this property boasts convenient access to city water and utilities, including Spectrum services. Situated in a peaceful, intentionally designed neighborhood, this expansive lot offers a rare combination of rural tranquility and urban convenience. The property is ready for development, allowing for the construction of a custom home or commercial building. This is one of the last remaining large lots within the city limits, making it a highly desirable investment. The City of Galion offers a significant incentive for new construction: a 50% tax abatement for 15 years. Prospective buyers are encouraged to independently verify zoning regulations, building codes, utility requirements, and the specifics of the tax incentive program with the City of Galion. This prime location in Crawford County, Ohio, zip code 44833 (latitude 40.7545426, longitude -82.7749634), provides an unparalleled chance to build your dream project in a serene yet accessible setting. Don't miss this exceptional opportunity to own a substantial piece of land in a growing community. The asking price for this remarkable property is $85,900.

    Property Features for 0 Knorr Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Galion
    County
    Crawford
    State
    Ohio
    Longitude
    -82.7749634
    Latitude
    40.7545426

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    FAQs

    What type of property is this?
    Land - Rare 4-acre lot, city utilities, tax abatement.
    Where is this land located?
    The property is located at Knorr Rd Galion, OH.
    What is the asking price?
    The asking price for this property is $85,900.
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    Knorr Rd Galion, OH 44833
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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
    Knorr Rd Galion, OH 44833
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