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Partially Occupied Office Building
For Sale
Contact for pricing
Pending

311 Market St, Lima, OH 45801

Office property with existing occupancy and land area in Lima’s downtown area.

Property SizeContact for details
Lot Size1.70 Acres
Days on Market142

Property Features for 311 Market St

General Information

Standard status Pending
Lot size 1.70 Acres
Property subtype Office
Occupancy 50%
Listing Agency: Ron Spencer Real Estate
Listed By: Randy Faulder · License #OH
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 9:01PM

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 Ron Spencer Real Estate

Investment Insights

Based on property information with market context.

This office building is partially occupied, with half of the property currently in use and producing income. The asset includes 1.7 ac of land in the downtown area of Lima, Ohio, providing both office space and an associated land component.

Key Highlights

  • Half of the building is currently occupied and producing income
  • 1.7 ac of land included
  • Located in the downtown area of Lima, Ohio

Property Analytics

Current Use

Law Office of Farley ... Law Firm Lima-Umadaop Inc Tutoring Service House of Prayer Lima Church All For You Home ... Home Health Care Service Tender Home Care Home Health Care Service

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,059
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office property with existing occupancy and land area in Lima’s downtown area.
Where is this office building located?
The property is located at 311 Market St Lima, OH.
What are key features of this property?
This property features: Half of the building is currently occupied and producing income; 1.7 ac of land included; Located in the downtown area of Lima, Ohio
More about this property
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