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Freestanding Medical Office Building
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635 W Spring St, Lima, OH 45801

The property includes a separate adjoining parcel, expanding the land area associated with the office.

Property Size3,111 SF
Days on Market1

Property Features for 635 W Spring St

General Information

Standard status Active
Size 3,111 SF
Class C
Property subtype Office

Building Details

Building Size 3,111 SF
Year Built 1965
Buildings 1
Listed By: Jackson N. Pulliam, SIOR
Source: Alterrare
Added: Oct 7 Last Checked: Oct 7 at 2:05PM

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 Jackson N. Pulliam, SIOR

Investment Insights

Based on property information with market context.

This freestanding medical and professional office building contains approximately 3,111 square feet. The property also includes an adjacent parcel, bringing the combined site to 0.44 acres. Built in 1965, the building offers an established office setting for medical or professional use.

Key Highlights

  • Freestanding medical/professional office building
  • Approximately 3,111 SF on 0.44 acres
  • Adjacent parcel included

Property Analytics

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Current Use

Allen County Cardiology Medical Clinic Lighthouse Behavioral Health ... Training Center

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Computer & Electronic Repair Garden Center 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.

Location Intelligence

Trade Area within ½ mile

1,742
Businesses Nearby
Under-served
Demand for This Use

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
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - The property includes a separate adjoining parcel, expanding the land area associated with the office.
Where is this medical office space located?
The property is located at 635 W Spring St Lima, OH.
What are key features of this property?
This property features: Freestanding medical/professional office building; Approximately 3,111 SF on 0.44 acres; Adjacent parcel included
More about this property
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