Springfield, OH Commercial Real Estate for Lease and Sale

Explore 36 listings of Springfield commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Rite Aid

1805 S Limestone St, Highlands, Springfield, OH
Property

Retail

11,180 SF
Year Built

1998
For Sale

$2,200,000
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30-31 S Sycamore St

30-31 S Sycamore St, Penn Street Extension, Springfield, OH
Property

Other
Availability

1 Space

19,700 SF
For Lease Contact for pricing
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2024 Selma Road

2024 Selma Rd., Springfield Industrial Park, Springfield, OH
Property

Industrial

74,760 SF
Year Built

1984
For Sale

$2,775,000
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Prime Ohio 2 Building 1

1801 Prime Pkwy., Laybourne Industrial Park, Springfield, OH
Property

Industrial

872,161 SF
Availability Contact for availability
Year Built

2022
For Lease Contact for pricing
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247 South Burnett Road

247 South Burnett Road, Elmwood Place, Springfield, OH
Property

Office

27,072 SF
Availability

4 Spaces

9,618 SF
Year Built

1972
For Lease

$12.00/SF/YR
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Springfield Commons

1501 N Bechtle Ave, Hometown Business District, Springfield, OH
Property

Retail

206,884 SF
For Sale

$18,442,000
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Former PNC Bank

1500 Upper Valley Pike, Valley Loop Center, Springfield, OH
Property

Retail

6,236 SF
Year Built

1973
For Sale

$360,000
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Downtown Springfield Commerical Land

0 W High St, Oakwood Place, Springfield, OH
Property

VacantLand
For Sale

$700,000
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4800 Urbana Rd

4800 Urbana Rd, Grantom View, Springfield, OH
Property

Office

7,000 SF
Availability

1 Space

7,000 SF
Year Built

1900
For Lease Contact for pricing
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Walgreens

1880 S Limestone St, Lansdowne Park, Springfield, OH
Property

Retail

14,490 SF
Year Built

2001
For Sale

$5,170,000
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30-31 S Sycamore St

30-31 S Sycamore St, Penn Street Extension, Springfield, OH
Property

Other

19,700 SF
For Sale

$799,000
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4 West Main Street, Springfield, OH 45502

4 W Main St, Oakwood Place, Springfield, OH
Property

Other

3,000 SF
Year Built

1900
For Sale

$850,000
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COhatch Springfield
COhatch
101 South Fountain Avenue, Springfield, OH
Services

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Game room

High-speed wifi

Restaurant
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Bechtle Pointe

Bechtle Pointe, Westwood Hills, Springfield, OH
Property

Retail

44,300 SF
Availability

1 Space

44,300 SF
For Lease Contact for pricing
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1807 West Pleasant Street

1807 West Pleasant Street, Valley View, Springfield, OH
Property

Industrial

53,252 SF
Year Built

1966
For Sale

$600,000
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Bechtle Pointe

Bechtle Pointe, Valley Loop Center, Springfield, OH
Property

Retail

44,300 SF
Availability

3 Spaces

44,300 SF
For Lease Contact for pricing
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2200 N Limestone St

2200 N Limestone St, Canterbury, Springfield, OH
Property

Office

21,748 SF
Availability

1 Space

3,400 SF
For Lease

$13.75/SF/YR
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315 E Leffel Ln

315 E Leffel Ln, CDR Commercial Park, Springfield, OH
Property

VacantLand

87,120 SF
Availability

1 Space

87,120 SF
For Lease Contact for pricing
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Burnett Plaza

402 South Burnett Road, Maple Dell, Springfield, OH
Property

Retail

96,507 SF
Availability

4 Spaces

23,756 SF
Year Built

1961
For Lease

$7.00 - $14.00/SF/YR
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East Home Road & Deer Road

East Home Road & Deer Road, Knollwood, Springfield, OH
Property

VacantLand

2.07 Acre
For Sale

$110,000
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2016 N Bechtle Avenue

2016 N Bechtle Avenue, Westwood Hills, Springfield, OH
Property

Retail

32,000 SF
Availability

1 Space

1,440 SF
For Lease

$22.00/SF/YR
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4401 S Charleston Pike

4401 S Charleston Pike, Laybourne Industrial Park, Springfield, OH
Property

VacantLand

10.5 Acre
For Sale Contact for pricing
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916 Kenton St

916 Kenton St, S&F Industrial, Springfield, OH
Property

Industrial

13,150 SF
Year Built

1956
For Sale Contact for pricing
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Springfield Commons

1501 Bechtle Ave., Hometown Business District, Springfield, OH
Property

Retail

9,870 SF
Availability

1 Space

9,780 SF
For Lease Contact for pricing
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1200 N Bechtle Ave

1200 N Bechtle Ave, Snyder Terrace, Springfield, OH
Property

Retail

19,727 SF
Availability

1 Space

2,500 SF
Year Built

1991
For Lease

$24.00/SF/YR
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1390-1476 Upper Valley Pike

1476 Upper Valley Pike, Valley Loop Center, Springfield, OH
Property

Retail

148,682 SF
Availability

1 Space

20,000 SF
Year Built

1973
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Springfield commercial real estate market incorporates 60,891 square feet of office space across 4 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Springfield commercial real estate market includes 822,857 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Springfield market, there is a total of 1,114,073 square feet of industrial property.

The listing inventory in Springfield incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Springfield is represented by Retail space, which accounts for 197,833 square feet of available listings. Industrial space available in Springfield adds up to 66,402 square feet.

Meanwhile, most of the listings of commercial property for sale in Springfield are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Springfield is $9.97 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Springfield can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Springfield, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Springfield is in the Hometown Business District neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Elmwood Place area.

Meanwhile, retail space opportunities are most abundant in the Hometown Business District submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in S&F Industrial.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $14 per square foot.

The average size of a commercial property in Springfield depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Springfield, the average size of an office property is 15,223 square feet.
Retail properties here incorporate an average of 74,806 square feet.
Industrial space in Springfield is in buildings that are, on average 159,154 square feet in size.

Springfield, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Springfield currently add up to 396,144 square feet. The market offers 4 active office listing(s), which amount to 25,089 square feet and account for 23% of commercial spaces on the market. Local retail availability includes 197,833 square feet across 8 retail space(s). Industrial space for rent opportunities in Springfield amount to 66,402 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	25,089
Retail	8	197,833
Industrial	3	66,402
Other	2	106,820

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Springfield, OH. Currently, there is 430,237 square feet of commercial property for sale here , which includes , 3 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	3	232,554
Industrial	4	174,970
Other	9	22,713

Springfield, OH Commercial Real Estate for Lease and Sale

Rite Aid

30-31 S Sycamore St

2024 Selma Road

Prime Ohio 2 Building 1

247 South Burnett Road

Springfield Commons

Former PNC Bank

Downtown Springfield Commerical Land

4800 Urbana Rd

Walgreens

30-31 S Sycamore St

4 West Main Street, Springfield, OH 45502

COhatch Springfield

Bechtle Pointe

1807 West Pleasant Street

Bechtle Pointe

2200 N Limestone St

315 E Leffel Ln

Burnett Plaza

East Home Road & Deer Road

2016 N Bechtle Avenue

4401 S Charleston Pike

916 Kenton St

Springfield Commons

1200 N Bechtle Ave

1390-1476 Upper Valley Pike

Frequently Asked Questions

Springfield, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Springfield, OH Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Springfield, OH?

What factors affect the price of commercial real estate in Springfield, OH?

What is the average rent for commercial space in Springfield, OH?

What are the best areas for commercial real estate in Springfield, OH?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Springfield, OH?

Springfield, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us