Prime Lima Commercial Investment
222 S Elizabeth Street, Lima, OH 45801
COMMERCIAL - Lima, OH
Type:Office
Property size:
5,160 SFLot size:
0.18 AcresPrice / SF:
$133/SF- Added:
- Apr 22, 2026
- Days on Market:
- 24
- Last Refresh:
- May 15 at 10:06 am
Property Features for 222 S Elizabeth Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 6
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- APN
- 37-3107-20-003.000
- Size
- 5,160 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- PLAT OF THE TOWN OF LIMA N END LOT 188 & 189
- Tax Annual Amount
- 1970
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Flooring type
- Carpet, Tile - Ceramic, Vinyl
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Scott Parsons (419) 234-7204
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date Apr 22, 2026
MLS# 310033
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.
HighLights
- Prime location at the center of a publicly funded downtown revitalization project, including a planned $25 million boutique hotel across the street
- Fully occupied with positive cash flow, featuring three high‑visibility commercial storefronts and three residential apartments
- Rare off‑street parking in a market where it is increasingly scarce
- Recent capital improvements: new roof (2023), new HVAC (2023), and freshly paved parking lot (2022)
- Located within one block of the new Allen County Administration Building (completing 2026) and within two blocks of the DORA entertainment district
- Adjacency to a historic district
Overview
Located in downtown Lima, this mixed-use property at 222 S. Elizabeth Street presents a commercial investment opportunity. Built in 1916 on 0.177 acres, the property features three commercial storefronts with high visibility, three residential apartments, and off-street parking. The building has a new roof (2023), new HVAC (2023), and a freshly paved parking lot (2022). The property is fully occupied and generates positive cash flow. Downtown Lima is undergoing redevelopment, including a planned $25 million boutique hotel concept expected to reach a decision by mid-May 2026. The hotel's valet entrance and primary guest arrival are planned to face South Elizabeth Street, directly across from the property. The new Allen County Administration Building is completing construction in 2026 within one block. The property is located within two blocks of Spring & Main, the civic core, and the DORA entertainment district encompassing 113 acres. The area saw a $4.3 million multi-building revitalization in 2024.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bloom Recovery Network
Association / Organization
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.107033
- Latitude
- 40.737891
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully occupied mixed-use property in revitalizing downtown Lima.
Where is this mixed-use property located?
The property is located at 222 S Elizabeth Street Lima, OH.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Prime location at the center of a publicly funded downtown revitalization project, including a planned $25 million boutique hotel across the street; Fully occupied with positive cash flow, featuring three high‑visibility commercial storefronts and three residential apartments; Rare off‑street parking in a market where it is increasingly scarce
