Endless possibilities start here--and the best way to understand this property is to come see it in person. 50 N SR 56 is offered at $199,000. Be sure to view the Conceptual Exterior Rendering and Conceptual Interior Renderings in the photo gallery. They illustrate just a few examples of what this property could become and help bring its redevelopment potential to life. Offering approximately 3,616 square feet with 18-foot ceilings, an open floor plan, existing water, sewer, and electric utilities, and strong visibility near Interstate 70, the property provides a flexible opportunity for a wide range of commercial or mixed-use concepts. Possible uses may include a coffee shop, restaurant, retail space, office, brewery, showroom, boutique, medical or dental office, or another business concept, subject to applicable approvals. For buyers who prefer a completed space rather than managing the redevelopment themselves, the owners are also willing to consider a build-to-suit arrangement. Depending on mutually agreed plans, specifications, pricing, approvals, and contract terms, the property may be improved and delivered as a finished project tailored to the buyer's intended use. The adjacent parcel at 2750 Old US 40 is offered separately at $70,000 and may be purchased with the main property for a combined asking price of $269,000. The additional parcel may provide flexibility for expanded parking, outdoor seating, green space, equipment storage, improved access, future building expansion, or other redevelopment possibilities. The conceptual renderings are for illustrative purposes only and are intended to help buyers visualize what may be possible. Buyer to verify zoning, permitted uses, utilities, dimensions, access, development requirements, and feasibility.
Details
MLS #
226020495
Listing Type
For Sale
Style
Mixed Use
Sub-Type
Resale
Status
Active
Days On Site
76
Listing Provided By
e-Merge Real Estate | Stephen Stuthers
Features
SQ Feet
3,616
Area Information
State
OH
County
Madison
City
London
Zip Code
43140
Listing VS Median (in 43140)
Price: $199,000
low | high
Med: $379,486
40.696231155779% of Average
sqft: 3,616
low | high
Med: 1,790
100% of Average
$ / sqft: $55
low | high
Med: $217
100% of Average
On site: 76
low | high
Med: 94.5
80.42328042328% of Average
Sourced by Back At You
Market Activity 43140
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 4
Avg $ Per SqFt: $229.83
Min Sale Price: $110,000
Max Sale Price: $400,000
Med Sale Price: $386,000
Date: Jun 2026
Sales: 16
Avg $ Per SqFt: $198.48
Min Sale Price: $29,900
Max Sale Price: $985,000
Med Sale Price: $257,450
Date: May 2026
Sales: 22
Avg $ Per SqFt: $196.47
Min Sale Price: $35,000
Max Sale Price: $980,000
Med Sale Price: $387,950
Date: Apr 2026
Sales: 15
Avg $ Per SqFt: $211.14
Min Sale Price: $120,000
Max Sale Price: $799,900
Med Sale Price: $330,000
Date: Mar 2026
Sales: 22
Avg $ Per SqFt: $192.62
Min Sale Price: $69,000
Max Sale Price: $950,000
Med Sale Price: $286,250
Date: Feb 2026
Sales: 16
Avg $ Per SqFt: $195.09
Min Sale Price: $92,700
Max Sale Price: $3,000,000
Med Sale Price: $272,500
Date: Jan 2026
Sales: 21
Avg $ Per SqFt: $170.11
Min Sale Price: $1,495
Max Sale Price: $1,130,000
Med Sale Price: $310,000
Date: Dec 2025
Sales: 11
Avg $ Per SqFt: $190.62
Min Sale Price: $180,000
Max Sale Price: $1,450,000
Med Sale Price: $255,000
Date: Nov 2025
Sales: 17
Avg $ Per SqFt: $184.62
Min Sale Price: $85,000
Max Sale Price: $715,000
Med Sale Price: $373,177
Date: Oct 2025
Sales: 21
Avg $ Per SqFt: $210.77
Min Sale Price: $29,999
Max Sale Price: $962,500
Med Sale Price: $295,900
Date: Sep 2025
Sales: 5
Avg $ Per SqFt: $162.98
Min Sale Price: $235,000
Max Sale Price: $415,785
Med Sale Price: $321,000
Date: Aug 2025
Sales: 9
Avg $ Per SqFt: $151.18
Min Sale Price: $160,000
Max Sale Price: $525,000
Med Sale Price: $319,990
Sourced by Back At You
Jul 2026
Sales:
4
Avg $ Per SqFt:
$229.83
Min Sale Price:
$110,000
Max Sale Price:
$400,000
Med Sale Price:
$386,000
Jun 2026
Sales:
16
Avg $ Per SqFt:
$198.48
Min Sale Price:
$29,900
Max Sale Price:
$985,000
Med Sale Price:
$257,450
May 2026
Sales:
22
Avg $ Per SqFt:
$196.47
Min Sale Price:
$35,000
Max Sale Price:
$980,000
Med Sale Price:
$387,950
Apr 2026
Sales:
15
Avg $ Per SqFt:
$211.14
Min Sale Price:
$120,000
Max Sale Price:
$799,900
Med Sale Price:
$330,000
Mar 2026
Sales:
22
Avg $ Per SqFt:
$192.62
Min Sale Price:
$69,000
Max Sale Price:
$950,000
Med Sale Price:
$286,250
Feb 2026
Sales:
16
Avg $ Per SqFt:
$195.09
Min Sale Price:
$92,700
Max Sale Price:
$3,000,000
Med Sale Price:
$272,500
Jan 2026
Sales:
21
Avg $ Per SqFt:
$170.11
Min Sale Price:
$1,495
Max Sale Price:
$1,130,000
Med Sale Price:
$310,000
Dec 2025
Sales:
11
Avg $ Per SqFt:
$190.62
Min Sale Price:
$180,000
Max Sale Price:
$1,450,000
Med Sale Price:
$255,000
Nov 2025
Sales:
17
Avg $ Per SqFt:
$184.62
Min Sale Price:
$85,000
Max Sale Price:
$715,000
Med Sale Price:
$373,177
Oct 2025
Sales:
21
Avg $ Per SqFt:
$210.77
Min Sale Price:
$29,999
Max Sale Price:
$962,500
Med Sale Price:
$295,900
Sep 2025
Sales:
5
Avg $ Per SqFt:
$162.98
Min Sale Price:
$235,000
Max Sale Price:
$415,785
Med Sale Price:
$321,000
Aug 2025
Sales:
9
Avg $ Per SqFt:
$151.18
Min Sale Price:
$160,000
Max Sale Price:
$525,000
Med Sale Price:
$319,990
Stephen Stuthers of e-Merge Real Estate – (412) 889-5769
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Columbus Realtors
Stephen Stuthers of e-Merge Real Estate – (412) 889-5769