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    994 Lexington-Springmill Rd Ontario, OH 44906

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space near Richland Mall.

    Lot size:
    11,296 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located in the thriving Ontario, OH market, within a new Lowe's-anchored multi-tenant building. The Ontario Shops offers 1,278 to 4,824 square feet of available space in a 11,296 square foot strip center. Units are divisible down to 1,773 square feet, with a maximum contiguous space of 3,546 square feet. Benefit from excellent street-side visibility at the northeast corner of Lexington-Springmill and Ferguson Roads, enjoying high traffic counts and prominent monument signage opportunities. This prime location is less than one mile from Richland Mall and two miles south of The Ohio State University at Mansfield, a 644-acre campus with over 2,500 faculty, staff, and students. The property is situated in a major regional retail hub serving North-Central Ohio, boasting a shopping population exceeding 150,000. This super-regional draw from the Mansfield/Ontario retail trade area encompasses Richland and Ashland counties. Join established tenants such as Panda Express, Five Guys, and Pulp, and benefit from the proximity to other major retailers including Sam's Club, Menards, Ashley, Target, Meijer, ALDI, OfficeMax, Barnes & Noble, and Pet Supplies Plus. This is an unparalleled chance to establish your business in a high-traffic, well-established retail corridor.

    Property Features for 994 Lexington-Springmill Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,296 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    4,824 SF

    HighLights

    • 11,296 SF retail strip center in Richland County, Ohio.
    • Spaces available ranging from 1,278 SF to 4,824 SF.
    • Located in a Lowe's‑anchored center with strong co‑tenancy including Panda Express and Five Guys.
    • Excellent street visibility and monument signage opportunities.
    • Located near Richland Mall and Ohio State University at Mansfield.
    • Serves a large regional trade area with over 150,000 shoppers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.590309436385
    Latitude
    40.77960632984

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space near Richland Mall.
    Where is this neighborhood center located?
    The property is located at 994 Lexington-Springmill Rd Ontario, OH.
    What are key features of this property?
    This property features: 11,296 SF retail strip center in Richland County, Ohio.; Spaces available ranging from 1,278 SF to 4,824 SF.; Located in a Lowe's-anchored center with strong co-tenancy including Panda Express and Five Guys.
    Request Owner's contact information
    994 Lexington-Springmill Rd Ontario, OH 44906
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    Ontario, OH 44906
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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
    994 Lexington-Springmill Rd Ontario, OH 44906
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