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    142 E Pearl St Lima, OH 45801

    New
    Pending
    For Sale
    $169,900

    COMMERCIAL - Lima, OH

    Property size:
    33,901 SF
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 142 E Pearl St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    37-3011-15-001.000
    Parking features
    Garage, Off Street
    Size
    33,901 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1914
    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Brick Veneer
    Roof type
    Rubber, Metal

    Ron Spencer Real Estate, Inc. (419) 228-8899 [email protected]

    Listing agent James Spyker (419) 234-5305

    Listing date Dec 1, 2025

    Copyright © 2025 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building in Lima, Ohio

    This approximately 34,000 square foot commercial building, currently operating as Lima Armature Works, features approximately 25,000 square feet of space on the first floor and 9,000 square feet on the second floor. It is situated on a 1.047 acre lot and is currently zoned as First Industrial Light as per the City of Lima zoning. The property includes a fully functional and recently inspected 4000 lb. freight elevator that runs from the second floor to the basement, and 220 V-3 phase electric service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Double Eagle Golf ... Golf Shop Lima Armature Works ... Electric Motor Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.103445
    Latitude
    40.745242

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    FAQs

    What type of property is this?
    Manufacturing property - 34,000 SF commercial building on 1.047 AC lot.
    Where is this manufacturing property located?
    The property is located at 142 E Pearl St Lima, OH.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Approximately 34,000 sq. ft. commercial building.; - Situated on a 1.047 AC lot.; - Zoned as First Industrial Light.
    (419) 234-5305
    Request Owner's contact information
    142 E Pearl St Lima, OH 45801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    142 E Pearl St Lima, OH 45801
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