Three-Story Retail
For Sale
Contact for pricing
126 West High Street, Lima, OH 45801
Three-story structure offering retail space on the first level, with business and building included in the sale.
Property Size11,700 SF
Price / SF$55.56
Days on Market135
Property Features for 126 West High Street
General Information
Standard status
Active
Size
11,700 SF
Property subtype
Retail
Zoning
Business
Investment Type
Owner/User
Building Details
Year Built
1920
Units
8
Listing Agency:
CCR , Realtors
Listed By:
Joseph Guagenti · License #OH 423909
(419) 230-5050
Source:
Crexi
Added: Jun 15
Changed: Oct 25
Last Checked: Oct 26 at 4:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CCR , Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story commercial building includes retail space on the first level. The offering is structured as the business and the building being included in the sale, providing a turnkey package for a new owner/operator looking to take over an existing setup. Showings are available during business hours, with details provided by the listing agent.
Located at 126 West High Street in Lima, Ohio (45801), the property’s first-floor retail component is supported by the building’s overall three-story configuration. Prospective buyers should coordinate directly with the listing agent to confirm layout specifics and any operational details relevant to the business currently on site.
For buyers seeking an owner-occupied retail scenario or an acquisition that pairs the commercial real estate with the operating business, the first-level retail space within a three-story structure can support a straightforward transition at the property. Because the listing notes that the business is included, interested parties may view this as a practical option when evaluating both real estate ownership and continuity of operations. Contact the listing agent to discuss the business details and schedule a showing during business hours.
Located at 126 West High Street in Lima, Ohio (45801), the property’s first-floor retail component is supported by the building’s overall three-story configuration. Prospective buyers should coordinate directly with the listing agent to confirm layout specifics and any operational details relevant to the business currently on site.
For buyers seeking an owner-occupied retail scenario or an acquisition that pairs the commercial real estate with the operating business, the first-level retail space within a three-story structure can support a straightforward transition at the property. Because the listing notes that the business is included, interested parties may view this as a practical option when evaluating both real estate ownership and continuity of operations. Contact the listing agent to discuss the business details and schedule a showing during business hours.
Key Highlights
- Year built: 1920
- 3‑story building with retail space on the first level
- Business and the building are included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,433
Cap Rate
7.14%
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 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,268 @ 7.0% cap · market cap 30.35%
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
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Three-story structure offering retail space on the first level, with business and building included in the sale.
Where is this storefront property located?
The property is located at 126 West High Street Lima, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Year built: 1920; 3‑story building with retail space on the first level; Business and the building are included in the sale
