Property Description

Prime 2.5-acre commercial development opportunity in the heart of London, OH! This expansive parcel offers exceptional potential for a wide range of development uses. Conveniently located near key transportation routes and local amenities, the property is positioned near high traffic. With utilities readily available and flexible zoning, this site is development-ready, awaiting your vision. Don't miss this chance to invest in a growing area.

40 S Cherry Street | MLS# 224042065

This land located at 40 S Cherry Street, London, OH 43140 is currently listed for sale with an asking price of $299,000. The property has approximately 2.53 Acres. S Cherry Street is located within the LONDON CITY school district. Search London real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Land - Residential

Days on Market: 116

Lot Size: 2.53 Acres

Taxes: $2,463

Feature Descriptions

Parcel #: 31-02504.000

Local Schools

School District: LONDON CITY

Demographics

Madison County Demographic Information for 40 S Cherry Street, 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

$ 1,812.24 per month $1,519.78 Principal & Interest $205.25 Property Tax $87.21 Homeowner's Insurance

Change Payment Information

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40 S Cherry StreetLondon, OH 43140