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Historic Theater and Concert Venue
For Sale
$400,000

122 W North Street, Lima, OH 45801

Commercial Sale, Lima, OH

Property Size17,196 SF
Price / SF$23.26
Days on Market242

Property Features for 122 W North Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking features Parking Lot
Standard status Active
APN 37-3106-11-007.000
Size 17,196 SF

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1923
Listing Agency: CCR Realtors · Real Living
Listed By: Gregory Stolly
Added: Feb 6 Changed: Oct 2 Last Checked: Oct 6 at 10:06PM
MLS# 309360

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 17,196-square-foot commercial property in Lima, Ohio, was built in 1923 and has served as a movie theater and as a venue for pop, rock, disco, and country performances. Improvements completed in recent years include a new roof, a commercial-grade kitchen with furnishings and a walk-in cooler, plus a bakery addition. The property was added to the National Register of Historical Places in 1982.

The building is zoned Commercial and includes a parking lot. Public water and public sewer serve the property, with natural gas heating. Its address is 122 W North Street, Lima, OH 45801.

Key Highlights

  • 17,196‑square‑foot commercial property
  • Built in 1923
  • Added to the National Register of Historical Places in 1982

Property Analytics

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Current Use

Play With Your ... Theater & Performing Art Venue The Ohio Theatre Lima Restaurant

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Dental Office Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,617
Businesses Nearby
44k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 39% Home Improvements & Furnishings 6% Hotels & Casinos 5%
McDonald's Dining
19,448 visits/mo 0.4 miles
Huntington Bank Shops & Services
6,813 visits/mo 0.5 miles
Family Dollar Shops & Services
4,752 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
2,959 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
2,696 visits/mo 0.4 miles

Demographics for 45801, OH

22,819
Population
9,351
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
90%
High-School Grad
45.7 sq mi
ZIP Area
499
Density / Sq Mi
$47,442
Median Household Income
$33,224
Median Earnings
$865
Median Rent
$111,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Commercial property with a furnished kitchen, walk-in cooler, bakery, and recent roof improvements.
Where is this theater & concert hall located?
The property is located at 122 W North Street Lima, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 17,196‑square‑foot commercial property; Built in 1923; Added to the National Register of Historical Places in 1982
More about this property
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