Mixed-Use Property with Overhead
For Sale
$795,000
3600-3602 Elida Road, Lima, OH 45807
Commercial Sale, Lima, OH
Property Size9,975 SF
Price / SF$79.70
Days on Market315
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
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Taxes and HOA fees
Tax Annual Amount
6768
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
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 · Real Living
(419) 222-0555
Listed By:
Gregory Stolly
(419) 302-1890
Added: Dec 15, 2025
Changed: Oct 25
Last Checked: Oct 26 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
This 9,975-square-foot mixed-use property comprises two parcels at 3600-3602 Elida Road in Lima, Ohio. The 1960 building uses steel-frame construction and includes an overhead door, concrete and vinyl flooring, forced-air natural gas heating, central air conditioning, and a rubber roof. A fenced parking lot provides on-site parking.
The property is served by public water and public sewer and carries Commercial zoning. Existing business applications identified for the site include auto service, barber or beauty, and professional services. These uses align with the building’s overhead-door access, service-oriented layout, and combination of customer-facing and operational features.
The property is served by public water and public sewer and carries Commercial zoning. Existing business applications identified for the site include auto service, barber or beauty, and professional services. These uses align with the building’s overhead-door access, service-oriented layout, and combination of customer-facing and operational features.
Key Highlights
- 9,975 square feet across 2 parcels
- Commercial zoning in Lima, OH
- Overhead door with fenced parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,989
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,780
$819.8K
Cap Rate 7%
$585,557
$585.6K
Cap Rate 9%
$455,433
$455.4K
Market Conditions
NOI Build-Up for 9,975 SF
Gross rent
$63.9K $6.41/SF
− Vacancy
−$5.4K −$0.54/SF
EGI
$58.6K $5.87/SF
− OpEx
−$17.6K −$1.76/SF
NOI
$41.0K $4.11/SF
Area
Allen County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,780
Cap Rate 7%
$585,557
Cap Rate 9%
$455,433
Alternative Uses
Best Use
Industrial
$585.6K
$512.4K – $683.2K
NOI $40,989 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$565.5K
$494.8K – $659.8K
NOI $39,587 @ 7.0% cap · market cap 4.98%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Home Improvements & Furnishings 30%
Groceries 24%
Shops & Services 3%
Lowe's
Home Improvements & Furnishings
39,468 visits/mo
0.3 miles
Applebee's
Dining
22,526 visits/mo
0.4 miles
Aldi
Groceries
19,678 visits/mo
0.5 miles
Gordon Food Service
Groceries
15,057 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,623 visits/mo
0.4 miles
Demographics for 45807, OH
11,856
Population
5,109
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
157
Density / Sq Mi
$74,387
Median Household Income
$41,645
Median Earnings
$967
Median Rent
$192,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning, public utilities, and an overhead door serve a property configured for service-oriented businesses.
Where is this mixed-use property 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: 9,975 square feet across 2 parcels; Commercial zoning in Lima, OH; Overhead door with fenced parking lot
