Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $1,275,000
    Office buildings

    311 Market St, Lima, OH 45801-4535

    43,644 SF 1.73 ac lot Built 1920
    Entity Owned ~ Est. High Equity
    Property ID
    US66-2175387
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a substantial 30,000+ square foot office building situated on a 1.7-acre lot in the heart of Lima, Ohio. Its prime location offers immediate proximity to the vibrant downtown area, ensuring high visibility and accessibility. Currently generating income, this property represents a strong, established investment with significant upside potential. The building's substantial size allows for a variety of uses and future development possibilities, catering to a diverse range of tenants or expansion plans. The 1.7-acre lot provides ample space for potential additions, renovations, or even redevelopment projects, allowing for significant long-term growth and return on investment. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving urban core. Given its size, location, and current income stream, this property is ideally suited for investors seeking a stable, high-return investment with considerable future development potential. Serious inquiries only. No signage is present on the property. Contact for showing.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1920
    Total area 43,644 SF
    Lot 1.73 ac (75,315 SF)
    APN 37-3107-03-002.000
    UPID US66-2175387
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Law Office of Farley K. Banks Law Firm Financial Advisor
    • Lima-Umadaop Inc Tutoring Service
    • House of Prayer Lima Church Mosque
    • All For You Home Care Home Health Care Service
    • Tender Home Care Home Health Care Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.14M
    Blend (final) Blend
    $1.28M
    Owner & transaction history
    311 East Market Street LLC
    311 East Market Street LLC
    since 2026
    Last sale
    $1.3M
    7 recorded transactions
    2026
    $1.3M
    2022
    2021
    2019
    2017
    2012
    $715,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 311 Market St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message