Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22 S Plum St Springfield, OH 45506

    Sponsored
    For Sale
    $275,000

    COMMERCIAL - Springfield, OH

    Property size:
    1,804 SF
    Lot size:
    0.28 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 27 at 7:06 am

    Property Features for 22 S Plum St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    3400700034100027
    Parking features
    Parking Lot
    Size
    1,804 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1964
    Building materials
    Block

    We can help!

    Listing Contact
    Charlene Roberge
    Charlene Roberge

    Lagonda Creek Real Estate, LLC (937) 342-9995

    Listing agent Charlene Roberge (937) 342-9995

    Listing date Feb 19, 2026

    MLS# 1016104

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land in Downtown Springfield

    This commercial land is located in Springfield, Ohio. The sale includes two parcels: 3400700034100010 and 3400700034100027. The combined lot size is 0.28 acres. The zoning is City CN-2, Neighborhood Commercial District and City UPOD, Unified Plan Overlay District. The property offers an opportunity to be part of the growth in Downtown Springfield. The real estate is for sale; the business does not convey. The property size is 1804 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8171
    Latitude
    39.924182

    Nearby Similar for Sale

    • $129,000
      660 SF

      Commercial Property with High Visibility

      Commercial property with high visibility, suitable for auto repair.
      1029 Mitchell Blvd, Springfield, OH 45503
      View Details
    • $219,900
      Pending

      Commercial Property with Car Lot

      Commercial building with car lot, offices, and shop.
      1235 S Burnett Rd, Springfield, OH 45505
      View Details
    • New
      $169,000
      1,378 SF

      Springfield Duplex: Investment Opportunity

      Two-unit property near amenities, offering rental income potential.
      1866 Maiden Ln, Springfield, OH 45504
      View Details
    • $295,000
      3,506 SF

      Springfield Multifamily Income Property

      Six-unit building in Historic District, generating $3,200 monthly income.
      411 S Limestone St, Springfield, OH 45505
      View Details
    • $150,000
      2,952 SF

      Springfield Duplex with Porch

      Side-by-side duplex with spacious units and investment potential.
      1301-1303 Clifton Ave, Springfield, OH 45505
      View Details
    • $175,000
      0.17 Acres

      Springfield Duplex Near Wittenberg University

      Well-maintained duplex near Wittenberg University, fully leased, remodeled in 2021.
      1107 N Fountain Ave, Springfield, OH 45504
      View Details
    • $208,000
      2,800 SF

      Spacious Craftsman Duplex Investment Opportunity

      Updated duplex with craftsman details, ideal for real estate investment.
      469 E Cecil St, Springfield, OH 45503
      View Details
    • $200,000
      2,862 SF

      Updated Duplex Investment Opportunity

      Updated duplex with two units, great income potential, tenant occupied.
      836-838 Rodgers Dr, Springfield, OH 45503
      View Details
    • $150,000
      3,048 SF

      Recently Renovated Springfield Duplex

      Fully rented duplex with immediate cash flow potential.
      659 W Mulberry St, Springfield, OH 45506
      View Details
    • $310,000
      1,872 SF

      Springfield Corner Lot Car Lot

      Operating car lot with high visibility and multiple access points.
      429 S Limestone St, Springfield, OH 45505
      View Details
    • $999,000
      4,542 SF

      Freestanding Building: High-Visibility Corner Location

      4,542 SF building ideal for medical, office, or retail.
      640 N Fountain Ave, Springfield, OH 45504
      View Details
    • Contact for pricing
      4,542 SF

      Corner Commercial Building For Sale

      Freestanding building suitable for medical, office, or retail use.
      640 N Fountain Ave, Springfield, OH 45504
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two parcels of commercial land in a growing downtown area.
    Where is this commercial land located?
    The property is located at 22 S Plum St Springfield, OH.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Prime downtown location in Springfield.; - Zoned CN-2 and UPOD, suitable for various commercial uses.; - Opportunity to participate in downtown Springfield's growth.
    (937) 342-9995
    Request Owner's contact information
    22 S Plum St Springfield, OH 45506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22 S Plum St
    Springfield, OH 45506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 S Plum St Springfield, OH 45506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Charlene Roberge
    Charlene Roberge
    Real Estate License ID: 2006004954
    (937) 342-9995 (937) 206-2655
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!