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    1240 E Main St Springfield, OH 45503

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    For Sale
    $525,000

    Multi-tenant office building in Springfield, OH, near Wittenberg University.

    Property size:
    10,098 SF
    Lot size:
    0.61 Acres

    Property Features for 1240 E Main St

    General Information

    Size
    10,098 SF
    Lot size
    0.61 Acres

    Source: Legacy Real Estate Advisors Agent Danny Francis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Office Building For Sale

    This multi-tenant office building is located in Springfield, OH, which is part of the Dayton, OH MSA, ranked in the top 100 MSAs in the U.S.A. The property is situated within walking distance of Wittenberg University, the Springfield Museum of Art, and Mercy Health-Springfield Regional Medical Center. It is also a 31-minute drive to Dayton International Airport. The surrounding area has strong demographics, with over 12,500 people residing within a 1-mile radius and over 65,800 people within a 3-mile radius. A population growth of +0.36% is projected within a 1-mile radius through 2029. The property has a size of 10098 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dentist Dentist Family Dental Care Dental Clinic A L Chadha Inc Surgical Center Dr. W S. ... Doctor Yes Appliance Repair Appliance Repair Service

    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
    -83.7894666
    Latitude
    39.9238767

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    FAQs

    What type of property is this?
    Office building - Multi-tenant office building in Springfield, OH, near Wittenberg University.
    Where is this office building located?
    The property is located at 1240 E Main St Springfield, OH.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Multi-tenant office building in Springfield, OH (Dayton MSA); - Located within walking distance to Wittenberg University, Springfield Museum of Art, & Mercy Health-Springfield Regional Medical Center; - Strong demographics: over 12,500 people within 1 mile radius
    (248) 450-3257
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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
    1240 E Main St Springfield, OH 45503
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