227 E Cecil Street, Springfield, OH 45503

New Listing
$1,100,000
Property Type: Commercial Square Footage: 2,500 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $1,100,000 List Date: 3/24/2026 Last Modified: 3/24/2026

Description

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.

Supplements: ********

More Information MLS# 226008843

Location & Property Info

List Price/SqFt: 440 City (Mailing Addr): Springfield Corp LimitPerAuditor: Springfield

Office/Contract Info

For Sale: Yes Exchange: No For Lease: No Lease Rate $/Sq Ft: 0

General Property Info

Total SqFt Available: 2500 Bldg Sq Ft: 2500 Max Cont Sqft Avail: 0 Minimum Sqft Avail: 0 # of Docks: 0 Lot Size (Side): 119 Acreage: 0.14

Tax Info

Tax Abatement: No Taxes (Yrly): 1924 Parcel #: 3400700035211008 Tax Year: 2025

Remarks & Misc

Property Description: 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.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

T Reimburses L

Curr Yr Est $/SF TRL: 0

Construction

Block: 1

Heat Fuel

Gas: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Heat Type

Forced Air: 1

Auction Info

Auction/Online Bidding Y/N: No

Business Type

Arts and Entertainment: 1 Auto Service: 1 Financial: 1 Professional/Office: 1 Residential: 1 Restaurant: 1 Retail: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1100000 List Price: $1,100,000 Property Sub Type: Restaurant Street #: 227 Street PreDirection: E Street Name: Cecil Street Suffix: Street County: Clark State: OH Zip Code: 45503 Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2026-03-24

Property Features

Addl Acceptance Cond: None Known Heat Fuel: Gas Heat Type: Forced Air Water Source: Public Sewer: Public Sewer Construction: Block Business Type: Arts and Entertainment; Auto Service; Financial; Professional/Office; Residential; Restaurant; Retail MLS Primary PhotoSrc: Realtor Provided
Listing Office: Coldwell Banker Heritage
Listing Agent: Arthur A Solomon
Last Updated: March - 24 - 2026
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