Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Allentown Rd Lima, OH 45805

    For Sale
    $2,461,500

    SINGLE_FAMILY - Lima, OH

    Type:Retail
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for Allentown Rd

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    36270201002.000/002/004/36-2702-01-005.000
    Parking features
    Off Street

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

    Listing agent D. Ronald Spencer (419) 230-1111

    Listing date Oct 31, 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

    Vacant Land with Development Potential

    This property consists of approximately 54.7 acres of vacant land, located in Section 27, American Township. It comprises four parcels with frontage on Eastown Road and Allentown Road. The zoning is mixed, offering great development potential for multiple uses such as retail, housing, and hospitality. The land is mostly tillable and benefits from a high daily traffic count. The property is located within the Elida School District. Annual taxes are to be determined as the property is currently CAUV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.151944
    Latitude
    40.749708

    Nearby Similar for Sale

    • New
      $325,000
      2,698 SF

      Medical Office Building For Sale

      Medical office building with ample parking in Lima, Ohio.
      1331 W Market St, Lima, OH 45805
      View Details
    • $2,999,999
      18,182 SF

      Medical Office Building Near Hospital

      Well-maintained medical office building near Mercy Hospital in Lima, OH.
      916-920 W Market St, Lima, OH 45805
      View Details
    • $400,000
      2,255 SF

      Historic Office Building with Parking

      Remodeled office building with parking near downtown Lima.
      303 E High St, Lima, OH 45801
      View Details
    • $199,900
      Pending

      Unique Commercial Property in Lima

      Versatile commercial space with offices, gathering area, and high visibility.
      1007 Center St, Lima, OH 45801
      View Details
    • $70,000
      1,496 SF

      Commercial Pole Barn Near Lincoln Park

      Metal pole barn suitable for retail or automotive use.
      170 S Perry St, Lima, OH 45804
      View Details
    • New
      $190,000
      3,134 SF

      Corner Lot Commercial Property

      Two standalone buildings, updated, adaptable for various commercial uses.
      855 N Metcalf St, Lima, OH 45801
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 54.7 acres of vacant land with mixed zoning.
    Where is this land located?
    The property is located at Allentown Rd Lima, OH.
    What is the asking price?
    The asking price for this property is $2,461,500.
    What are key features of this property?
    This property features: - Approximately 54.7 acres of vacant land.; - Mixed zoning with great development potential for retail, housing, hospitality, etc.; - Frontage on Eastown Rd. & Allentown Rd.
    (419) 230-1111
    Request Owner's contact information
    Allentown Rd Lima, OH 45805
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Allentown Rd
    Lima, OH 45805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Allentown Rd Lima, OH 45805
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.