Property summary
This exceptional 1,555 square foot office building, located at 829 E Elm St in Lima, Ohio (45804), presents a unique investment opportunity. Built in 1979, the property sits on a 0.174-acre lot and is zoned for commercial use. Priced at $169,000 ($109 per square foot), this building is ideal for a variety of professional uses. Currently configured as an executive or medical office space, the property includes a restrictive covenant prohibiting its use as a dental office. The building is not subject to homeowner's association fees and is not located in a FEMA flood zone. Financing options may include conventional cash purchases. The sale is considered a fair market value transaction. This is a fantastic opportunity to acquire a well-located, established office building in a thriving commercial area of Allen County, Ohio. The property's convenient location and versatile zoning make it an attractive investment for discerning buyers seeking a profitable venture in the Lima market. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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