Property Description

5th generation farm for sale at a signalized intersection located on the SE corner of State Route 38 & Us-40 in London OH. Future Land Use is C-2 which allows for almost all uses. Less than 5 miles to Interstate 70 to the east and less than 5 miles to Interstate 70 to the west. All utilities at the site except sewer which is slated to be at the site in late 2026 or early 2027.

661 State Rd 38 | MLS# 223010210

This land located at 661 State Rd 38, London, OH 43140 is currently listed for sale with an asking price of $11,500,000. The property has approximately 196.95 Acres. State Rd 38 is located within the LONDON CITY school district. Search London real estate on 780homeroad.cutlerhomes.com today.

Property Features

Property Type: Land - Residential

Days on Market: 1109

Lot Size: 196.95 Acres

Taxes: $4,250

Feature Descriptions

Parcel #: 05-00117.000

Utilities: Water Available, Electricity Available, Other, Gas

Local Schools

School District: LONDON CITY

Demographics

Madison County Demographic Information for 661 State Rd 38, London, OH 43140

Fips

Fips Code 39097

Population

2020 to 2025 Change up 7.1%

2010 Count 43,435

2020 Count 43,824

2025 Estimate (V2025) 46,985

2020 Estimate (V2025) 43,843

Age Distribution (Years Old)

0 to 4 5.1%

5 to 17 20.8%

18 to 64 59.2%

65 and Older 14.9%

Gender

Male 55.1%

Female 44.9%

Place of Birth

Foreign 2.2%

US 97.8%

Education

High School Graduate, Age 25+ 89.6%

Bachelor's Degree or Higher, Age 25+ 24.2%

Computer and Internet use

Households with a computer 94.9%

Households with a broadband Internet subscription 90.7%

Language

English is Second Language, Age 5+ 5.7%

English is First Language, Age 5+ 94.3%

Veterans

Veterans 2,699

Income

Per Capita Income $38,124

Median Household Income $87,045

People in Poverty 8.8%

Commute

Average Work Commute Time 25 minutes

Housing

Total Housing Units 16,143

Households 15,686

Average Household Size 2.55

Owner-Occupied 77.5%

Multi-Family 13.2%

Owner-Occupied Median Value $250,100

Median selected monthly owner costs -with a mortgage $1,582

Median selected monthly owner costs -without a mortgage $618

Median gross rent $943

Building Permits

New Private Housing Issued 2024 519

Years at Residence

1 Year or More 86.9%

Less Than 1 Year 13.1%

Business and Employment

Private non-farm Establishments 723

Private non-farm Employment 18,238

Private non-farm Employment Growth up 6.6%

Nonemployer Establishments 3,212

Number of Firms 724

Business Production

Value of Shipments $1,328,540,000

Wholesale Trade $0

Retail Trade $1,745,971,000

Retail Sales Per Capita $0

Accommodation and Food Services $51,887,000

Land

Land Area 465.88 sq. miles

Population Per Square Mile 94

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 62,161.44 per month $58,453.11 Principal & Interest $354.17 Property Tax $3,354.17 Homeowner's Insurance

Change Payment Information

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661 State Rd 38London, OH 43140