1140 N Limestone St - Drug Store FOR SALE


Springfield, OH 45503
$3,400,000 USD
619-297-0055
1140 N Limestone St, Springfield, OH for Sale
$3,400,000 USD
Drug Store - FOR SALE
1/3
null | Request Cap Rate

1140 N Limestone St
Springfield, OH 45503


HIGHLIGHTS

  • 0.5 miles from 234-bed Mercy Health Springfield Regional Medical Center.
  • Within 2 miles of Wittenberg University (1,254 students) and Springfield High School (1,602 students).
  • Fountain Village, a 16-acre housing development which includes 54 single-family homes, and 109 townhomes.
  • Located at North Limestone St (±19K VPD) & (±12K VPD) McCreight Ave, a key N-S arterial with direct connectivity to I-70.
  • Springfield employment grew 2.3% (Feb 2020–Mar 2024), led by major employers Mercy Health (4,060), Navistar (4,556), and Clark State College.
  • Springfield GDP up 6.1% YoY with growth in healthcare, advanced manufacturing, and air mobility.

OVERVIEW

We are pleased to offer for sale the Walgreens property located at 1140?N Limestone St, Springfield, OH 45503 (the “Property”). Walgreens operates under an absolute net lease with approximately four (4) years remaining in the current term. The lease includes ten (5-year) renewal options. The Property is situated at the intersection of North Limestone Street (State Route 72) and East McCreight Avenue, a high-visibility corridor that connects directly to Interstate 70, offering strategic positioning within Springfield’s main commercial and medical district. Limestone Street functions as a primary north-south arterial. The surrounding area includes a mix of healthcare, education, and residential density. Notably, the property is 0.5 miles from Mercy Health – Springfield Regional Medical Center, a 234-bed full-service hospital, and Springfield Nursing and Assisted Living, located just across McCreight Avenue. Wittenberg University, with 1,254 students and nearly 200 faculty/staff, and Springfield High School (1,602 students; 110 teachers) are both within a two-mile radius, contributing to a consistent daytime population and demand. Further enhancing the area’s growth, work recently began on Fountain Village, a 16-acre residential development just blocks from the Property. Once complete, the community will offer 54 single-family homes alongside 109 townhomes. Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, OH DRE Lic. BRK.2009000214.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Close Proximity to 234 Bed Hospital & Uni

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

CROSS STREETS

McCreignt Avenue

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

34-00700-03520-1039

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.