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Historic Theater and Concert Venue
For Sale
$400,000

122 W North Street, Lima, OH 45801

COMMERCIAL - Lima, OH

Property Size17,196 SF
Price / SF$23.26
Days on Market197

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: Aug 4 Last Checked: Aug 22 at 10:06AM
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.

Constructed in 1923, this 17,196-square-foot commercial property combines historic character with substantial functional improvements. The building includes a commercial-grade kitchen with a walk-in cooler, furnished kitchen equipment, and a bakery addition. A new roof has also been installed in recent years. Its documented history includes use as a movie theater and as a venue for pop, rock, disco, and country performances.

The property is located at 122 W North Street in downtown Lima, Ohio, and is listed on the National Register of Historic Places, where it was added in 1982. Commercial zoning, a parking lot, natural-gas heating, public water, and public sewer support the existing commercial configuration.

Key Highlights

  • 17,196‑square‑foot commercial building constructed in 1923
  • Added to the National Register of Historic Places in 1982
  • Commercial‑grade kitchen with walk‑in cooler and furnished equipment

Property Analytics

Current Use

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

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Bakery Furniture & Home Goods Garden Center Carpet & Flooring Store

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

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Theater & concert hall - 1923 property with a commercial kitchen, walk-in cooler, and bakery 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 building constructed in 1923; Added to the National Register of Historic Places in 1982; Commercial‑grade kitchen with walk‑in cooler and furnished equipment
More about this property
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