REIT Sale | Former Dollar Tree | 12K SF | Signalized Corner | 9K VPD

Highlights:

• 12,130 SF Freestanding Value-Add Retail (Former Dollar Tree) Available at Substantial Discount Below Replacement Cost
• Signalized Hard Corner with 9,095 VPD Traffic Count Frontage on Springmill St | Direct Access to US-30 (32K VPD)
• Demand Drivers Nearby: Mid-Ohio Conference Center, Mansfield High School, Auto Zone, O’Reilly, Mansfield Hospital, more
• Dense Demographics with ±71,766 People and Annual Household Income of ±$64,031 within a 5-Mile Radius
• Zoned B2, General Business District with a Variety of Uses
• Absolute $1 Auction – NO RESERVE!

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2442/reit-sale-former-dollar-tree-12k-sf-signalized-corner-9k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2442

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 600 Springmill Street in Mansfield, Ohio (the “Property”). Formerly occupied by Dollar Tree, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned on a hard corner just off US-30 at a significant discount. FIRST BID MEETS RESERVE!

Built in 1975, the Property consists of a one-story, free-standing retail building containing ±12,130 gross square feet, with 41 total surface parking spaces on a ±1.055-acre parcel (±45,964 SF). Located on a hard corner, the site is easily accessible via multiple ingress/egress curb cuts and frontage on both Springmill Street (±9,095 VPD) and Harker Street. The Property offers a pylon sign and was most recently occupied by Dollar Tree on a NNN lease, offering potential owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (Costar estimated retail rents $9-11/SF NNN). Prior to Dollar Tree, Family Dollar occupied the Property, serving the community’s daily needs shoppers. Zoned B2, General Business District, this zoning offers favorable flexible zoning allowing for a variety of uses, with the opportunity to convert to commercial/light industrial.

The Property is located in Mansfield, Ohio, the county seat of Richland County, strategically positioned within North-Central Ohio’s economic corridor. This former Dollar Tree benefits from frontage on Springmill Street (±9,095 VPD), a key commercial thoroughfare, providing strong visibility and accessibility. Mansfield serves as a regional hub for retail, healthcare, and manufacturing, offering seamless access to larger urban centers such as Columbus (±65-mi southeast) and Cleveland (±80-mi north) while maintaining a business-friendly environment and affordable cost of living. The Property is located within a high-traffic area on OH-39 E/Springmill St and enjoys excellent local and regional accessibility positioned just 1-mi from US-30 (±32,650 VPD and 5-mi from I-70. This former Dollar Tree is also located nearby demand drivers including OhioHealth Mansfield Hospital (336 beds), North Central State College (2,700+ students), and Richland Mall (±3.5-Mi), which serves as a regional shopping destination. Mansfield’s economy is supported by a diverse employment base, with major local employers including Gorman-Rupp, Newman Technology, and AK Steel. The Property also benefits from a strong residential base with 47k residents within a 3-mi area and over 71k residents with an average household income of ±$64k, further enhancing the area’s daily needs retail potential.

Thomas Seaman
Auctioneer
License: 2007000016

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