227 E Cecil Street Springfield, OH $ 1,100,000
227 E Cecil Street
$ 1,100,000
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227 E Cecil Street

Springfield, OH, 45503
$ 1,100,000
Bedrooms-- Baths-- Sq 2,500

Monthly Estimate*

$ 6,773

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Commercial Property for sale in Springfield, OH

for $1,100,000. This 2,500 square foot building was built on a lot size of 0.14.

A rare opportunity to acquire one of Springfield's most recognizable dining destinations along with an adjacent income-producing property (3 parcel convey) offered together as a unique hospitality and real estate investment package. This offering includes the restaurant property known as Cecil and Lime, widely regarded as one of the most upscale dining experiences in Springfield and the Miami Valley, along with the neighboring building at 914 N. Fountain Avenue, creating a versatile and highly valuable two-property opportunity. Cecil and Lime has long been a staple in the community, known for its refined dining atmosphere, loyal customer base, and strong reputation for quality. The property has undergone extensive updates in recent years, including a newer roof, remodeled interior, upgraded bar area, updated flooring, fresh paint, and improvements to many of the building's mechanical systems. A large deck and patio area was also added, creating one of the largest and most attractive outdoor dining spaces around. For the right buyer, this property presents the opportunity to acquire a largely turnkey restaurant operation, with the potential for furniture, fixtures, equipment, décor, inventory, and even the liquor license to remain as part of the sale. This allows a new owner or restaurant group to step directly into a fully built-out space and continue operations with minimal downtime. Included in the package is 914 N. Fountain Avenue (ADA compliant), a substantial mixed-use building offering additional income potential and flexibility. The main floor includes approximately eight professional office suites, while the upper level features a spacious three-bedroom apartment accessible by elevator. The building also offers a full unfinished attic providing future expansion possibilities and a full walkout basement complete with a break room and full bathroom. Rare opportunity to live in the home and run the business right on the property. Air bnb potential.

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Commercial Active

Price

$ 1,100,000

Property Type

Commercial

Taxes

$ 1,924

Style

Lot Size

0.14

Town/City

Springfield

County/Region

Clark

MLS | Web ID

226008843

Features
General
Sewer Public Sewer
Heating Forced Air
Stories Count 0
Township None
Property Subtype Restaurant
Tax Year 2025
Gross Income 0.0
County Clark
Net Operating Income 0.0
Operating Expense 0.0
Property Type Commercial Sale
Status Active
City Springfield
Lot Size Square Feet 6098.4
Land Lease Y/N N
Tax Annual Amount 1924.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
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Exterior
Water Source Public
Lot Size Area 0.14
Spa N
Building Area Total 2500.0
Lot Size Acres 0.14
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 227
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* Excluded Features
List By
Arthur A Solomon

Listing Agent

Coldwell Banker Heritage

Broker

Solomonaa11@yahoo.com

Email

Affordability Calculator

$6,933
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
$160
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1421267 Elementary School
1421418 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,100,000 Listed Price

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227 E Cecil Street, Springfield, OH, 45503 is a Commercial Property for sale at $1,100,000 with 2,500 sqft and a lot size of 0.14. The property's zip code is 45503 which is in Springfield, OH