Three-Story Downtown Retail
126 W High Street, Lima, OH 45801
For Sale
$625,000
Commercial Sale, Lima, OH
Property Size11,700 SF
Price / SF$53.42
Days on Market251
Property Features for 126 W High Street
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
CCR Realtors · Real Living
(419) 222-0555
Listed By:
Maria Sanko · License OH #2006007344
(419) 303-8495
Added: Mar 6
Changed: Oct 17
Last Checked: Nov 11 at 8:06AM
MLS# 309623
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.
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Investment Insights
Based on property information with market context.
This three-story retail property contains 11,700 square feet, with retail space occupying the first level. The building and operating business are included in the sale. Built in 1920, the structure features brick construction, wood flooring, and central air conditioning.
Located at 126 W High Street in Lima, Ohio, the property has access to both a dedicated parking lot and on-street parking. Public water and public sewer serve the building, and the site is zoned Commercial.
Located at 126 W High Street in Lima, Ohio, the property has access to both a dedicated parking lot and on-street parking. Public water and public sewer serve the building, and the site is zoned Commercial.
Key Highlights
- 11,700‑square‑foot, three‑story building with first‑floor retail space
- Business and building included in the sale
- Brick construction with wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,433
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,660
$928.7K
Cap Rate 7%
$663,329
$663.3K
Cap Rate 9%
$515,922
$515.9K
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$68.8K $5.88/SF
− Vacancy
−$2.5K −$0.21/SF
EGI
$66.3K $5.67/SF
− OpEx
−$19.9K −$1.70/SF
NOI
$46.4K $3.97/SF
Area
Allen County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,660
Cap Rate 7%
$663,329
Cap Rate 9%
$515,922
Alternative Uses
Best Use
Retail
$663.3K
$580.4K – $773.9K
NOI $46,433 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,268 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 39%
Home Improvements & Furnishings 6%
Hotels & Casinos 5%
McDonald's
Dining
19,448 visits/mo
0.3 miles
Huntington Bank
Shops & Services
6,813 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,752 visits/mo
0.3 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Lima
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Brick commercial property with retail space, public utilities, and parking options in Lima.
Where is this retail space located?
The property is located at 126 W High Street Lima, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 11,700‑square‑foot, three‑story building with first‑floor retail space; Business and building included in the sale; Brick construction with wood flooring
