Office · Retail · Industrial · Mixed-Use
Commercial Real Estate for Sale in Lima, OH
Investment buildings, owner-user properties, retail storefronts, office condos, warehouses, and development sites across Lima and West Central Ohio.
Lima's commercial market is more active than most outsiders realize. Between the Procter & Gamble, Husky Refinery, Ford Engine Plant, and PotashCorp footprints, plus the medical and education anchors at Mercy Health-St. Rita's and Rhodes State, there's steady demand for office, flex, industrial, and retail space across Allen County. LV5 Real Estate Team works with owner-users, local investors, and out-of-area buyers looking for cap-rate-driven income.
Whether you're buying your first owner-occupied building with SBA 504 financing, expanding a regional portfolio, or 1031-exchanging into a stabilized Lima asset, we'll pull rent rolls, CAM reconciliations, T-12 financials, environmental Phase I requirements, and zoning history before you commit. We also coordinate with local commercial lenders, attorneys, environmental engineers, and CPAs who know the West Central Ohio market.
Browse current inventory below. When something fits, call us — we'll get you the financials and walk the property the same week.
Newest listings
Showing the 24 most recent of 47
Active$1,290,000209 Main
Lima, OH 45801
Listing courtesy of Berkshire Hathaway Professional Realty
Commercial · MLS #311875
Active$79,900229 Metcalf
Lima, OH 45801
Listing courtesy of Cowan, Realtors
Commercial · MLS #311846
Active$550,0002013 Elida
Lima, OH 45805
Listing courtesy of Dye Real Estate & Land Company
Commercial · MLS #311826
Active$225,0001151 Shawnee
Lima, OH 45805
Listing courtesy of CCR Realtors
Commercial · MLS #311781
Active$300,000222 Canal
Delphos, OH 45833
Listing courtesy of Dick Clark Real Estate, LLC
Commercial · MLS #311706
Active$339,000435 Elizabeth
Lima, OH 45801
Listing courtesy of CCR Realtors
Commercial · MLS #311581
Active$275,000128 High
Lima, OH 45801
Listing courtesy of CCR Realtors
Commercial · MLS #311554
Active$799,000124 Main
Lima, OH 45801
Listing courtesy of Berkshire Hathaway Professional Realty
Commercial · MLS #311528
Active$9,520375 Eastown
Lima, OH 45807
Listing courtesy of CCR Realtors
Commercial · MLS #311425
Active$4,900,000375 Eastown
Lima, OH 45807
Listing courtesy of CCR Realtors
Commercial · MLS #311423
Active$169,900414 Main
Lima, OH 45801
Listing courtesy of Dye Real Estate & Land Company
Commercial · MLS #311336
Active$224,9001623 Main
Lima, OH 45801
Listing courtesy of Hartsock Realty
Commercial · MLS #311256
Active$549,900209 Main
Delphos, OH 45833
Listing courtesy of Schrader Realty
Commercial · MLS #311637
Active$115,000800 Main
Van Wert, OH 45891
Listing courtesy of Schrader Realty
Commercial · MLS #310989
Active$1,500,000505 Bible
Lima, OH 45801
Listing courtesy of CCR Realtors
Commercial · MLS #310928
Active$250,000301 High
Lima, OH 45801
Listing courtesy of Smith's Realty Professionals, Inc.
Commercial · MLS #310898
Active$2,750,0001700 Elida
Lima, OH 45805
Listing courtesy of Hartsock Realty
Commercial · MLS #310858
Active$350,000337 Elizabeth
Lima, OH 45801
Listing courtesy of Dye Real Estate & Land Company
Commercial · MLS #310605
Active$399,0001162 Latham
Lima, OH 45805
Listing courtesy of Howard Hanna- Troy-
Commercial · MLS #310584
Active$850,0001919 Elm
Lima, OH 45804
Listing courtesy of Dick Clark Real Estate, LLC
Commercial · MLS #310527
Active$850,000551 Leonard
Lima, OH 45804
Listing courtesy of Dick Clark Real Estate, LLC
Commercial · MLS #310528
Active$800,000Address withheld by seller
Celina, OH 45822
Listing courtesy of Master Key Realty
Commercial · MLS #310127
Active$320,000423 Main
Findlay, OH 45840
Listing courtesy of BHHS Koehler Realty
Commercial · MLS #309966
Active$209,9001924 Allentown
Lima, OH 45805
Listing courtesy of Ron Spencer Real Estate
Commercial · MLS #309942
Frequently asked
How much down do I need for a commercial property in Ohio?
Most conventional commercial loans require 20–30% down with 5–25 year amortizations and rates 1–2% above residential. SBA 504 loans can drop owner-user down payments to 10% for qualifying buyers and small businesses. We refer to several Lima-area lenders who fund commercial deals regularly.
What's a reasonable cap rate in Lima?
It depends heavily on asset class and tenant quality, but as of 2026 we're generally seeing 7–9% caps on stabilized retail and small office in Lima, 6–8% on net-leased single-tenant properties with credit tenants, and 8–10% on Class B/C multifamily and industrial. We benchmark every deal against current comps before you offer.
Do you help with NNN, value-add, and 1031 exchanges?
Yes — all three. We have buyers actively in 1031 windows looking for replacement property in our market, and we work with qualified intermediaries to keep the timeline clean. For value-add deals we underwrite stabilized rents, capex, and exit cap so you know your IRR going in.
Can I see off-market commercial deals?
Frequently, yes. A lot of Lima commercial inventory trades quietly through local relationships before it ever hits the MLS. If you tell us what you're looking for, we'll plug you into that pipeline.
Know exactly what you want?
Tell the LV5 team what you're looking for and we'll send matching listings — including off-market and pocket deals — before they hit the MLS.
Lima, OH · Serving West Central Ohio