4926 US Highway 42 - Lust Family Farm | Development Opportunity 76.39 Acres of Commercial Land Offered at $2,005,915 CAD in Mount Gilead, OH 43338

Exceptional 76-acre farm and residential property located just south of Mount Gilead along State Route 42. This well-maintained rural estate includes a farmhouse in good condition, three large barns, and a full workshop with power. The property offers an ideal blend of productive farmland and well-improved residential acreage suitable for agricultural, residential, residential development, or long-term investment use.
Key Highlights
• Total Acreage: 76.396 acres across three parcels
• 72 acres enrolled in CAUV (Current Agricultural Use Valuation)
• 5 acres of improvements, residence, and limited wooded area
• Three barns and a powered workshop providing significant utility and storage capacity
• Convenient frontage and access along State Route 42
• Located just minutes from Mount Gilead and I-71
• Ideal for agricultural operation, estate living, or long-term land investment
Emerging Market Trend – Morrow County Growth
The population growth rate for Morrow County falls into the upper third of all Ohio counties. For a primarily rural county, this rate of expansion is well above average and driven by the area’s proximity to Columbus, one of the fastest-growing metro regions in the Midwest.
Over the past two decades, a growing share of Franklin and Delaware County residents have relocated to Morrow County for its affordability and rural environment while continuing to commute to jobs in the capital region. This migration trend is expected to continue for at least the next twenty years.
The resulting change in population and culture is expected to increase demand for single-family residential development, multi-family housing, retail, and supporting service businesses, positioning Morrow County—and this corridor along State Route 42—as an area of long-term growth and investment potential.
Investment Highlights
• Stable agricultural income potential under CAUV program
• Long-term appreciation opportunity tied to Columbus metro expansion
• Versatile acreage supporting multiple exit strategies (farm, residential, or mixed use)
• Positioned along a key regional growth corridor with ongoing in-migration from Franklin and Delaware Counties
Location - Just 40 miles north of Columbus, Mount Gilead is strategically positioned between the Columbus and Mansfield markets. The area offers convenient access to I-71, providing a direct connection to Columbus, Cleveland, and Cincinnati markets while maintaining a quiet rural character.