Retail Space with Salon
2520 E High Street, Springfield, OH 45505
For Sale
$125,000
Under Contract
Commercial Sale, Springfield, OH
Property Size2,212 SF
Lot Size0.54 Acres
Price / SF$56.51
Days on Market144
Property Features for 2520 E High Street
General Information
Property type
Property subtype
Zoning description
Parking features
Patio and Porch features
Basement
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Flooring type
Building materials
Listing Agency:
Key Realty
Listed By:
Douglas J. Acton
(937) 202-9324
Added: Jun 17
Changed: Oct 28
Last Checked: Nov 7 at 11:06PM
MLS# 1046456
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,212-square-foot retail property includes an operating hair salon business and associated real estate on a 0.54-acre parcel. The sale includes eight styling stations, two refrigerators, a washer, and a dryer. Interior features include hardwood flooring, while the building combines brick and aluminum siding construction. Central air and natural-gas forced-air heating serve the space.
The property is located at 2520 E High Street in Springfield, Ohio. Site features include a parking lot, porch, and public sewer service. Built in 1843, the building offers an established commercial setting with existing salon improvements and equipment in place.
The property is located at 2520 E High Street in Springfield, Ohio. Site features include a parking lot, porch, and public sewer service. Built in 1843, the building offers an established commercial setting with existing salon improvements and equipment in place.
Key Highlights
- 2,212‑square‑foot retail property on 0.54 acres
- Sale includes operating Dreamweavers Hair Salon business and real estate
- Eight styling stations included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,659
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,180
$173.2K
Cap Rate 7%
$123,700
$123.7K
Cap Rate 9%
$96,211
$96.2K
Market Conditions
NOI Build-Up for 2,212 SF
Gross rent
$12.8K $5.80/SF
− Vacancy
−$459 −$0.21/SF
EGI
$12.4K $5.59/SF
− OpEx
−$3.7K −$1.68/SF
NOI
$8.7K $3.91/SF
Area
Clark County, OH
Vacancy
3.58%
Lease Rate
$5.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,180
Cap Rate 7%
$123,700
Cap Rate 9%
$96,211
Alternative Uses
Best Use
Retail
$123.7K
$108.2K – $144.3K
NOI $8,659 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$617.0K
$539.9K – $719.8K
NOI $43,189 @ 7.0% cap · market cap 34.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
251k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 27%
Groceries 17%
Home Improvements & Furnishings 3%
Kroger
Groceries
36,695 visits/mo
0.4 miles
McDonald's
Dining
27,189 visits/mo
0.2 miles
Speedway
Shops & Services
19,722 visits/mo
0.4 miles
7 Brew Coffee
Dining
17,549 visits/mo
0.4 miles
Wendy's
Dining
15,570 visits/mo
0.1 miles
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Operating salon business conveys with the real estate and installed equipment.
Where is this retail space located?
The property is located at 2520 E High Street Springfield, OH.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 2,212‑square‑foot retail property on 0.54 acres; Sale includes operating Dreamweavers Hair Salon business and real estate; Eight styling stations included
