HOW TO BUY OUR PROPERTY

We use a competitive bidding process for the purchase of most of our properties.

Our properties have two dollar amounts that appear in their listing. The first is the “Minimum Bid” amount. This is the lowest amount that will be considered by the Board of Directors to purchase the property. The second amount is the “Auditor Estimated Value.” This is a valuation of the property as determined by the County Auditor’s office.

In some instances, our properties may be listed with a “Buy-It-Now” purchase price. In this case, this is the amount that the Board of Directors will accept for the purchase of a property on the condition that the potential buyer is approved to purchase the property during the offer evaluation process.

Property Bid / Application Form

Restrictions and Covenants

Monthly Bid Deadline:

2nd Thursday of each month before 12pm

Note: Winning bids are determined by the Board of Directors at our regular monthly meetings which are scheduled for the 3rd Tuesday of each month. For the remainder of this year, board meetings are held on the 3rd floor of the Lawrence County Courthouse in the County Commissioner’s conference space at 1:00 pm.

Step One

Choose a property from the available “For Sale” property list available here on our website.

Step Two

Download the Property Bid / Application Form and fill it out completely with your highest and best offer.

Also download and read the Restrictions and Covenants. Buyers must understand the legal Covenants the Land Bank holds on their properties.

Step Three

Mail or Hand Deliver your bid to our office before the Monthly Deadline: 2nd Thursday 12pm

Land Bank Offices:
327 Vernon Street
Ironton, Ohio 45638
Mon-Fri: 8am-4pm

Step Four

The Land Bank staff will research and evaluate your offer to ensure that your bid meets the Lawrence County Land Reutilization Corporation’s property acquisition standards before presenting your offer to the Board of Directors at their next monthly meeting on the 3rd Tuesday of that month.

Step Five

Your bid will be presented to the Board of Directors for consideration against any other bids submitted for the same property. The Board will then decide whether to move forward with the purchase and conveyance of the property.

Step Six

Upon Board approval, you will work with the Land Bank staff to complete all necessary steps to finalize the purchase of the property and complete the conveyance of the property to you.

land bank photo

Our staff are here to help you.

Feel free to call or visit our offices with questions regarding Land Bank property acquisition, reclamation work, or how you can purchase a property for you or your business.

Land Bank Offices:
327 Vernon Street
Ironton, Ohio 45638

Mon-Fri: 8am-4pm

(740) 237-4565