Multi-Use Commercial
3600-3602 Elida Road Lima, OH 45807
For Sale
$795,000
COMMERCIAL - Lima, OH
Property Size9,975 SF
Price / SF$79.70
Days on Market223
Property Features for 3600-3602 Elida Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Window features
- Display Window(s)
- Interior features
- Overhead Door
- Fencing
- Fenced
- Standard status
- Active
- APN
- 36-1604-01-016.000, 36-1604-01-017.000
- Size
- 9,975 SF
Taxes and HOA fees
- Tax Annual Amount
- 6768
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Flooring type
- Concrete, Vinyl
- Building materials
- Steel Frame
- Roof type
- Rubber
Listing Agency:
CCR Realtors
(419) 222-0555
Listed By:
Gregory Stolly
(419) 302-1890
Added: Dec 15, 2025
Changed: Jun 9
Last Checked: Jul 26 at 4:06AM
MLS# 309060
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.
Investment Insights
Based on property information with market context.
This for-sale, multi-use commercial property consists of two parcels and totals 9,975 square feet. The income-producing setup is currently used for an auto service business alongside barber/beauty and professional services operations, reflecting a flexible mix of commercial uses within the combined footprint. Zoning is listed as Commercial.
The property is located at 3600-3602 Elida Road in Lima, Ohio 45807, in Allen County. The listing provides for annual income of $80,000 plus, tied to the existing business mix. The site’s configuration is presented as a two-parcel holding, which may support buyers seeking a multi-tenant or multi-use arrangement under one ownership structure.
For tenants, buyers, or operators, the current use profile suggests suitability for service-oriented concepts that can operate alongside complementary professional and personal services. The property’s established business types provide a practical starting point for evaluating how the space and parcels can support continued automotive, personal service, and professional service operations under the Commercial zoning designation.
The property is located at 3600-3602 Elida Road in Lima, Ohio 45807, in Allen County. The listing provides for annual income of $80,000 plus, tied to the existing business mix. The site’s configuration is presented as a two-parcel holding, which may support buyers seeking a multi-tenant or multi-use arrangement under one ownership structure.
For tenants, buyers, or operators, the current use profile suggests suitability for service-oriented concepts that can operate alongside complementary professional and personal services. The property’s established business types provide a practical starting point for evaluating how the space and parcels can support continued automotive, personal service, and professional service operations under the Commercial zoning designation.
Key Highlights
- Two parcels with reported annual income of $80,000+ (per public remarks)
- Auto service, barber/beauty, and professional services business types noted
- Steel frame construction with concrete and vinyl flooring
Financial Insights For Industrial
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 | $63.9k | $6.41 |
| − Vacancy | −$5.4k | −$0.54 |
| EGI | $58.6k | $5.87 |
| − OpEx | −$17.6k | −$1.76 |
| NOI | $41.0k | $4.11 |
9,975 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,403 @ 7.0% cap · market cap 15.90%
Second Best
Industrial
$585.6K
$512.4K – $683.2K
NOI $40,989 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,183 @ 7.0% cap · market cap 21.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Take 5 Oil Change — 2285 N Eastown Rd, Lima, OH 45807
- White's Honda Service — 3500 Elida Rd, Lima, OH 45807
- Valvoline Instant Oil Change — 3230 Elida Rd, Lima, OH 45805
- Shroyer Auto Repair — 2117 N Eastown Rd, Lima, OH 45807
- Honda Service — lima, oh 45807
FAQs
What type of property is this?
Auto shop - Two-parcel commercial property generating annual income, currently serving auto service, barber/beauty, and professional services.
Where is this auto shop located?
The property is located at 3600-3602 Elida Road Lima, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two parcels with reported annual income of $80,000+ (per public remarks); Auto service, barber/beauty, and professional services business types noted; Steel frame construction with concrete and vinyl flooring
