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640 N Fountain Ave 5,780 SF Retail Building Springfield, OH 45504 $999,000 ($172.84/SF)

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INVESTMENT HIGHLIGHTS

  • Freestanding Commercial Building Built in 2005
  • Former Madison Avenue Pharmacy
  • Ideal for Medical, Office, or Retail Use
  • Highly Visible Corner Location at Signalized Intersection
  • On-Site Compounding Lab
  • Flexible Layout with Open-Concept Reception and Private Offices

EXECUTIVE SUMMARY

This 4,778 SF freestanding commercial building offers a highly visible, signalized corner location ideal for medical, office, or retail use. Formerly home to the established Madison Avenue Pharmacy, the property has high end finishes and will maintain a small on-site compounding pharmacy. New ownership is ready to accommodate a new tenant in this great location. Excellent opportunity for general office, or medical uses seeking to establish or expand their presence in the Springfield market. Property has a full basement and has very well maintained.
The flexible layout features a spacious, open-concept reception area, multiple private offices or consultation rooms, and dedicated lab or prep space—supporting a seamless transition for healthcare professionals, specialty clinics, or therapeutic providers. Built with modern materials including poured concrete and a durable steel roof, the structure is designed for long-term functionality with minimal maintenance.
Additional amenities include basement square footage for storage, ample natural light throughout, and a clean, professional interior. The property sits on a 0.54-acre lot with 21 on-site parking spaces and additional street parking available. With 100 feet of frontage on N Fountain Ave and 50 feet on Ward St., this strategic corner location enhances visibility and accessibility, reinforcing its value as a retail anchor in the corridor.

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,780 SF
Building Class
B
Year Built
2005
Price
$999,000
Price Per SF
$172.84
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.54 AC
Zoning
Commercial - Situated on the corner of N Fountain Avenue and E Ward Street, this property enjoys excellent visibility across from Wittenberg University.
Parking
26 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
100’ on Fountain Ave

AMENITIES

  • Signalized Intersection

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 2,000-4,478 SF
  • Office/Retail
  • -
  • Now

Situated on the corner of N Fountain Avenue and E Ward Street, this premium commercial property enjoys excellent visibility across from Wittenberg University. The signalized intersection offers high traffic exposure and ease of access for both customers and deliveries. A Walk Score of 73 indicates strong pedestrian appeal, with downtown Springfield just minutes away. Located within the Springfield City School District, the property is conveniently served by Snowhill Elementary (˜1?mi), Roosevelt Middle (˜1.5?mi), and Springfield High School (˜1.3?mi). The position strikes a balance between neighborhood charm and central accessibility.

Space Size Space Use Position Available
1st Floor 2,000-4,478 SF Office/Retail - Now

1st Floor

Size
2,000-4,478 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size 2,000-4,478 SF
Space Use Office/Retail
Position -
Available Now

Situated on the corner of N Fountain Avenue and E Ward Street, this premium commercial property enjoys excellent visibility across from Wittenberg University. The signalized intersection offers high traffic exposure and ease of access for both customers and deliveries. A Walk Score of 73 indicates strong pedestrian appeal, with downtown Springfield just minutes away. Located within the Springfield City School District, the property is conveniently served by Snowhill Elementary (˜1?mi), Roosevelt Middle (˜1.5?mi), and Springfield High School (˜1.3?mi). The position strikes a balance between neighborhood charm and central accessibility.

NEARBY MAJOR RETAILERS

Tim Hortons
Huntington National Bank
Park National Bank
WesBanco
Keybank
The YMCA

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 34-00700-03511-6003
  • 34-00700-03511-6002
  • 34-00700-03511-6001
Land Assessment
$15,860
Improvements Assessment
$98,970
Total Assessment
$114,830
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
  • Listing ID: 38391743

  • Date on Market: 11/10/2025

  • Last Updated:

  • Address: 640 N Fountain Ave, Springfield, OH 45504

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