829 Elm St, Lima, OH 45804-1413
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.
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Flack John D DDS Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.