Partially Leased Storefront Investment
For Sale
$285,000
502 W High Street, Lima, OH 45801
COMMERCIAL - Lima, OH
Property Size11,624 SF
Price / SF$24.52
Days on Market227
Property Features for 502 W High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot
Standard status
Active
APN
36-3605-15-011.000
Size
11,624 SF
Taxes and HOA fees
Tax Annual Amount
3128
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Listing Agency:
CCR Realtors · Real Living
(419) 222-0555
Listed By:
Gregory Stolly
(419) 302-1890
Added: Jan 7
Changed: Aug 4
Last Checked: Aug 22 at 11:06AM
MLS# 309160
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 storefront investment building contains 11,624 square feet and was built in 1940. Half of the building is currently leased through December of 2028, providing an established occupancy baseline. The property is served by forced air heating with natural gas and central air cooling.
The building is located at 502 W High Street in downtown Lima, with parking available on-site via a parking lot. Public water and public sewer support day-to-day operations.
With a portion of the space already under lease through 2028, the property offers an opportunity to own a downtown storefront asset with an identified near-to-medium term tenant timeline while the remainder of the building can be positioned for future leasing.
The building is located at 502 W High Street in downtown Lima, with parking available on-site via a parking lot. Public water and public sewer support day-to-day operations.
With a portion of the space already under lease through 2028, the property offers an opportunity to own a downtown storefront asset with an identified near-to-medium term tenant timeline while the remainder of the building can be positioned for future leasing.
Key Highlights
- Half of the building leased through December of 2028
- 11,624 SF storefront building built in 1940
- Forced air heating with natural gas
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 39%
Home Improvements & Furnishings 6%
Hotels & Casinos 5%
McDonald's
Dining
19,448 visits/mo
0.2 miles
Huntington Bank
Shops & Services
6,813 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,752 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
2,959 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
2,696 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building built in 1940 with half leased through December 2028, plus central air, parking lot, and public utilities.
Where is this storefront property located?
The property is located at 502 W High Street Lima, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Half of the building leased through December of 2028; 11,624 SF storefront building built in 1940; Forced air heating with natural gas
