Retail Property on Main
318 N Main St Lima, OH
318 N Main St, Lima, OH, 00000
Contact for pricing
For Sale
Contact for pricing
7,000 SF retail property for sale.
Property Size7,000 SF
Lot Size0.18 Acres
Price / SF$50
Days on Market303
Property Features for 318 N Main St
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.18 Acres
- Property subtype
- RETAIL
Listing agency
Superior Plus Realtors
(419) 236-7357
Listed by
Greg Butcher · License #0000324616
(419) 236-7357
Source
Moodyscre
Added: Sep 22, 2025 Updated: Jul 6 at 10:27AM Checked: Jul 21 at 6:28AM
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 Superior Plus Realtors
Investment Insights
Based on property information with market context.
This retail property offers 7,000 square feet of space. It is located on North Main Street in Lima, Ohio.
Key Highlights
- 7,000 SF retail property
- Property for sale
Local 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 | $41.2k | $5.88 |
| − Vacancy | −$1.5k | −$0.21 |
| EGI | $39.7k | $5.67 |
| − OpEx | −$11.9k | −$1.70 |
| NOI | $27.8k | $3.97 |
7,000 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$396.9K
$347.3K – $463.0K
NOI $27,781 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,023 @ 7.0% cap · market cap 33.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hawthorne Systems Inc
Construction Company
318 Restaurant & Bar
Restaurant
szdxazdasda
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - 7,000 SF retail property for sale.
Where is this retail property located?
The property is located at 318 N Main St Lima, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7,000 SF retail property; Property for sale
