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    1652 Limestone St Springfield, OH 45503

    For Sale
    $295,000

    High-visibility, multi-use commercial property.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property at 1652 N Limestone Street in Springfield, OH, presents a unique investment opportunity. Situated on a 0.17-acre lot encompassing two parcels (1652 and 1658), this high-visibility building boasts ample parking. The property's prime location on busy N Limestone Street ensures significant foot and vehicle traffic. Currently configured as a salon/spa, the space is fully equipped with seven stations, a massage room, facial area, two pedicure chairs, and two nail stations. The second floor features two large rooms and a full bath, offering potential for residential conversion or expansion of the existing business. The building is Ohio Board of Cosmetology regulated. Recent upgrades include a complete roof tear-off and new shingles (2021), new gutters (2021), a tankless water heater, updated plumbing (2021), and two new electrical panels (2021). The first floor features waterproof and scratch-proof flooring, new lighting, and exhaust fans in the nail station. The furnace is approximately five years old. The vacant lot included in the second parcel provides additional development potential. This versatile property offers numerous business possibilities, including a work-live arrangement, making it an attractive investment for a variety of entrepreneurs. Priced at $295,000.

    Property Features for 1652 Limestone St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1883
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reflections Salon and Spa Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.80459
    Latitude
    39.94399

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, multi-use commercial property.
    Where is this commercial real estate located?
    The property is located at 1652 Limestone St Springfield, OH.
    What is the asking price?
    The asking price for this property is $295,000.
    (937) 390-3119
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    1652 Limestone St Springfield, OH 45503
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    Springfield, OH 45503
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    Realmo Value Estimation

    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.

    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.

    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
    1652 Limestone St Springfield, OH 45503
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