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Downtown Storefront Property
For Sale
$285,000

502 W High Street, Lima, OH 45801

Commercial Sale, Lima, OH

Property Size11,624 SF
Price / SF$24.52
Days on Market253

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 Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1940
Floors in Building 1
Listing Agency: CCR Realtors · Real Living
Listed By: Gregory Stolly
Added: Jan 7 Changed: Sep 13 Last Checked: Sep 17 at 12:06AM
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 11,624-square-foot storefront property, built in 1940, offers a commercial building configuration with half of the space leased through December 2028. The property is served by central air conditioning, forced-air natural gas heating, public water, and public sewer, with a dedicated parking lot on site.

Located at 502 W High Street in downtown Lima, the building provides an established storefront setting within Allen County. Commercial zoning supports its current retail-oriented property classification.

Key Highlights

  • 11,624‑square‑foot storefront property
  • Half of the building leased through December 2028
  • Commercial zoning in downtown Lima

Property Analytics

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Current Use

Painters Supply & Equipment ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Parking Lot & Garage Nail Salon Grocery & Convenience Store

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

1,673
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Commercially zoned building with central air, natural gas forced-air heating, and on-site parking.
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: 11,624‑square‑foot storefront property; Half of the building leased through December 2028; Commercial zoning in downtown Lima
More about this property
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