Mixed-Use Property with
For Sale
$689,000
222 S Elizabeth Street, Lima, OH 45801
Fully occupied commercial building with street-facing retail space, apartments, and off-street parking in downtown Lima.
Property SizeContact for details
Lot Size0.18 Acres
Days on Market52
Property Features for 222 S Elizabeth Street
General Information
Standard status
Active
Lot size
0.18 Acres
Zoning
Commercial
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,970
Building Details
Year Built
1916
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
(419) 238-9733
Listed By:
Straley Realty & Auctioneers, Inc.
(419) 238-9733
Source:
Straleyrealty.idxbroker
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 25 at 8:17AM
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 Straley Realty & Auctioneers, Inc.
Investment Insights
Based on property information with market context.
Located at 222 S. Elizabeth Street in downtown Lima, this commercial-zoned mixed-use property combines three storefronts with three residential apartments above. The building was constructed in 1916 and is fully occupied, with off-street parking serving the property. Recent capital improvements include a new roof and HVAC system completed in 2023, along with a freshly paved parking lot completed in 2022.
The property sits directly across from Memorial Hall, a 1908 Beaux-Arts landmark undergoing publicly funded redevelopment. The Allen County Administration Building is within one block and is scheduled for completion in 2026. Spring & Main and the 113-acre DORA entertainment district are within two blocks, placing the building near Lima’s civic and downtown activity.
The combination of commercial storefronts, residential units, parking, and completed building improvements supports an established mixed-use configuration in a central downtown setting. Residential-unit access requires an appointment with 24-hour notice.
The property sits directly across from Memorial Hall, a 1908 Beaux-Arts landmark undergoing publicly funded redevelopment. The Allen County Administration Building is within one block and is scheduled for completion in 2026. Spring & Main and the 113-acre DORA entertainment district are within two blocks, placing the building near Lima’s civic and downtown activity.
The combination of commercial storefronts, residential units, parking, and completed building improvements supports an established mixed-use configuration in a central downtown setting. Residential-unit access requires an appointment with 24-hour notice.
Key Highlights
- Three commercial storefronts with prominent street visibility
- Three residential apartments located above the storefronts
- Fully occupied property with positive cash flow
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cridersville
Shops & Services
20,736 visits/mo
0.2 miles
Speedway
Shops & Services
10,070 visits/mo
0.2 miles
Dollar General
Shops & Services
5,716 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied commercial building with street-facing retail space, apartments, and off-street parking in 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: Three commercial storefronts with prominent street visibility; Three residential apartments located above the storefronts; Fully occupied property with positive cash flow
