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    2527 N West St Lima, OH 45801

    Sponsored
    For Sale
    $115,000

    COMMERCIAL - Lima, OH

    Property size:
    3,680 SF
    Lot size:
    1.25 Acres
    Days on Market:
    81
    Last Refresh:
    Jan 8 at 1:06 am

    Property Features for 2527 N West St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    36130409013000
    Size
    3,680 SF
    Lot size
    1.25 Acres

    Utilities

    Heating system
    Natural Gas
    Water source
    Well

    Building Details

    Year built
    1920

    Binkley Real Estate (419) 738-3232 [email protected]

    Listing agent Mary Chivington (567) 940-9232

    Listing date Oct 20, 2025

    Copyright © 2026 Western Regional Information Systems and Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot in Elida School

    This commercial property features a 1.25-acre corner lot within the Elida School District. The property is located in Lima, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.109211
    Latitude
    40.774961

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    FAQs

    What type of property is this?
    Commercial land - Corner lot in Elida School District, Lima, Ohio.
    Where is this commercial land located?
    The property is located at 2527 N West St Lima, OH.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - 1.25 acre corner lot; - Elida School District; - Natural Gas Heating
    (567) 940-9232
    Request Owner's contact information
    2527 N West St Lima, OH 45801
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    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
    2527 N West St Lima, OH 45801
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