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    311 E Market St Lima, OH 45801

    Picture of Office buildings at E Market St 311, Lima, OH
    For Sale
    $1,800,000

    COMMERCIAL - Lima, OH

    Property size:
    43,644 SF
    Days on Market:
    158
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 311 E Market St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    37310703002000
    Parking
    70
    Interior features
    Overhead Door
    Size
    43,644 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    4
    Building materials
    Brick Veneer
    Roof type
    Flat

    CCR Real Estate LLC (419) 371-3085 [email protected]

    Listing agent Gregory Stolly (419) 302-1890

    Listing date Jul 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

    Downtown Lima Investment Opportunity

    This commercial property presents an investment opportunity near Downtown Lima. It includes an office building exceeding 30,000 square feet and occupies 1.7 acres of land. The property's location in the downtown area suggests potential for future development. The property is zoned for commercial use. The property encompasses 43,644 square feet. The property is located in Allen County, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Farley ... Bankruptcy Attorney Lima-Umadaop Inc Tutoring Service House of Prayer Lima Place Of Worship All For You Home ... Home Health Care Service Tender Home Care Home Health Care Service

    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
    -84.101569
    Latitude
    40.740547

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    FAQs

    What type of property is this?
    Office building - Commercial property with income, development potential near downtown Lima.
    Where is this office building located?
    The property is located at 311 E Market St Lima, OH.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - 1.7 AC of land in Downtown Area; - Office building over 30,000 sq.ft.; - Great future potential for further development
    (419) 302-1890
    Request Owner's contact information
    311 E Market 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
    311 E Market St Lima, OH 45801
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