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1240 E Main St, Springfield, OH, 45503

1240 E Main St

Starting Bid: $95,000

Key Information

Tot. SF
10,098
Lot Size
0.61 Acres
Units
11
Type
Office

Highlights

Auction Dates: 12/7/26 – 12/9/26

  • Accessible acquisition basis — With bidding open December 7-9, at the starting bid of $95,000, buyers can acquire a 10,098-SF office building with existing tenancy and room to grow—an accessible entry point for investors and owner-users seeking an entire building rather than a leased suite.
  • Lease-up upside with existing income. Advertised as approximately 29% occupied, the property combines in-place tenancy with substantial space available to lease. Investors can pursue additional rental income, while owner-users could occupy available space and retain tenants to help offset ownership expenses.
  • Established surrounding population and business base. The listing’s 2025 demographic estimates indicate approximately 64,498 residents, 26,631 households, 34,696 daytime employees and 3,337 businesses within three miles. Within five miles, the population reaches approximately 82,594, with average household income of $69,660—an established customer and workforce base for professional and service-oriented tenants.
  • Major announced investment supports the regional growth story. Electra has announced an $850 million aircraft production facility at AirPark Ohio, adjacent to Springfield-Beckley Municipal Airport, with plans to create approximately 1,975 jobs. This planned investment could generate additional demand for supporting businesses and professional services. These jobs are planned, not already delivered.
  • Visible location with practical access and parking. The approximately 0.61-acre property offers 44 parking spaces and East Main Street frontage with advertised exposure to more than 4,000 vehicles daily. Parking and street visibility support customer-facing professional services and potential medical uses, subject to approvals and build-out requirements.
  • Proximity to institutional and employment anchors. The property is advertised as approximately five minutes from downtown Springfield, Wittenberg University and Mercy Health, with convenient access to I-70. Proximity to established institutions, everyday services and regional connections to Dayton and Columbus provides a practical leasing story.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BRKP.2019005179, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113