2228 Shawnee Road, Lima, OH 45805
- Added:
- Jan 6, 2026
- Days on Market:
- 178
- Last Refresh:
- Jul 3 at 6:06 pm
Property Features for 2228 Shawnee Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 45-1004-02-002.000
- Size
- 2,788 SF
Taxes and HOA fees
- Tax Description
- PT SE 1/4 RTS 06-04-10
- Tax Annual Amount
- 5747
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 1
Listing agent Gregory Stolly (419) 302-1890
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date Jan 6, 2026
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
- Fully equipped 2,788 SF restaurant remodeled in 2021, including kitchen and dining area
- New roof and all‑new electrical, plus interior remodeling completed in 2021
- Liquor license is in place
- Forced‑air heating with natural gas and electric heating; central air cooling
- Parking lot on‑site; public water and public sewer
Overview
Located at 2228 Shawnee Road in Lima, Ohio 45805, the asset is offered under Commercial zoning. As presented, it is positioned for restaurant use with the necessary operational components already installed.
For a buyer or operator, the key advantage is operational readiness: the space has already been remodeled and furnished for service, and the sale includes the equipment and liquor licensing status described in the materials. This is a practical fit for a qualified restaurant operator looking to minimize downtime between acquisition and opening while taking over a prepared kitchen and dining layout.
Local Financial Insights For Specialty 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 | $52.9k | $18.96 |
| − Vacancy | −$2.4k | −$0.85 |
| EGI | $50.5k | $18.11 |
| − OpEx | −$12.6k | −$4.53 |
| NOI | $37.9k | $13.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.152108
- Latitude
- 40.707858
