Three-Story Retail
126 West High Street Lima, OH 45801
For Sale
Contact for pricing
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 Market42
Property Features for 126 West High Street
General Information
- Standard status
- Active
- Size
- 11,700 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing Agency:
CCR , Realtors
Listed By:
Joseph Guagenti · License #OH 423909
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Jul 25 at 3:10PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $5.88 |
| − Vacancy | −$2.5k | −$0.21 |
| EGI | $66.3k | $5.67 |
| − OpEx | −$19.9k | −$1.70 |
| NOI | $46.4k | $3.97 |
11,700 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kohn’s Loan Company
Discount Store
FAQs
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
