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Multi-Tenant Office Building
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1240 E Main St, Springfield, OH 45503

Multi-tenant office building near Wittenberg University and Mercy Health-Springfield Regional Medical Center.

Property Size10,098 SF
Price / SF$51.99
Days on Market524

Property Features for 1240 E Main St

General Information

Standard status Active
Size 10,098 SF
Property subtype OFFICE

Building Details

Tenancy Multi
Listing Agency: Legacy Real Estate Advisors
Listed By: Danny Francis · License #6501439384
Source: Moodyscre
Added: Apr 2, 2025 Changed: Sep 3 Last Checked: Sep 6 at 3:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Advisors

Investment Insights

Based on property information with market context.

This multi-tenant office building is offered for sale in Springfield, Ohio. The property contains approximately 10,098 square feet and is positioned for office use with multiple tenant-ready spaces within a single building.

The site is described as being within walking distance of Wittenberg University, the Springfield Museum of Art, and Mercy Health-Springfield Regional Medical Center, with the broader Dayton, OH MSA also noted in the materials. Dayton International Airport is referenced as a 31-minute drive.

The provided information also cites strong nearby population counts and projected population growth within the 1-mile radius through 2029.

Key Highlights

  • Multi‑tenant office building in Springfield, OH (Dayton, OH MSA)
  • Within walking distance to Wittenberg University, Springfield Museum of Art, and Mercy Health‑Springfield Regional Medical Center
  • 12,500+ people reside within 1 mile and 65,800+ people reside within 3 miles

Property Analytics

Current Use

Dentist Dental Office Family Dental Care Dental Office A L Chadha Inc Medical Clinic Dr. W S. ... Physician Yes Appliance Repair Home Appliance Store

Suggested Use

Top Pick Dental Office Pharmacy Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

Demographics for 45503, OH

32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office building near Wittenberg University and Mercy Health-Springfield Regional Medical Center.
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, OH MSA); Within walking distance to Wittenberg University, Springfield Museum of Art, and Mercy Health‑Springfield Regional Medical Center; 12,500+ people reside within 1 mile and 65,800+ people reside within 3 miles
(248) 450-3046 Call to check price and availability
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