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    22 Plum St Springfield, OH 45506

    Sponsored
    For Sale
    $240,000

    Prime Commercial Property, Two Parcels Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 22 & 24 S Plum Street in Springfield, Ohio, presents a unique investment opportunity. Priced at $240,000, this special purpose property encompasses two parcels (3400700034100010 & 3400700034100027), totaling 12,196.8 square feet, with a price per square foot of $133.04. The property is zoned City CN-2 (Neighborhood Commercial District) and City UPOD (Unified Plan Overlay District), offering considerable flexibility for a variety of commercial uses. This is a chance to capitalize on the revitalization efforts underway in Downtown Springfield. The sale includes only the real estate

    Property Features for 22 Plum St

    General Information

    Property type
    Specialty properties

    Building Details

    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8172754
    Latitude
    39.9243848

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    FAQs

    What type of property is this?
    Specialty property - Prime Commercial Property, Two Parcels Included
    Where is this specialty property located?
    The property is located at 22 Plum St Springfield, OH.
    What is the asking price?
    The asking price for this property is $240,000.
    Request Owner's contact information
    22 Plum St Springfield, OH 45506
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    Springfield, OH 45506
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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
    22 Plum St Springfield, OH 45506
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