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$200,000207 Watt
Lima, OH 45801
Commercial · MLS #310710
Active$1,100939 Market
Lima, OH 45805
Commercial · MLS #310701
Active$259,0001102-1104 West
Lima, OH 45801
Commercial · MLS #308882
Active$375,000337 Elizabeth
Lima, OH 45801
Commercial · MLS #310605
Active$399,0001162 Latham
Lima, OH 45805
Commercial · MLS #310584
Active$850,000551 Leonard
Lima, OH 45804
Commercial · MLS #310528
Active$850,0001919 Elm
Lima, OH 45804
Commercial · MLS #310527
Active$215,0001924 Allentown
Lima, OH 45805
Commercial · MLS #309942
Active$175,000******** ********
Lima, OH 45804
Commercial · MLS #307214
Active$175,000x Indusrty
Lima, OH 45804
Commercial · MLS #307212
Active$3,500,000465 Breese
Lima, OH 45806
Commercial · MLS #206514
Active$164,5000 Eastown
Lima, OH 45805
Commercial · MLS #202850
Active$6,194750 Buckeye
Lima, OH 45804
Commercial · MLS #307899
Active$29,109750 Buckeye
Lima, OH 45804
Commercial · MLS #307900
Active$160,9000 Spring View
Lima, OH 45805
Commercial · MLS #202842
Active$400,000303 High
Lima, OH 45801
Commercial · MLS #308731
Active$2,461,5000 Allentown
Lima, OH 45805
Commercial · MLS #203773
Active$1,800333 N. Jackson
Lima, OH 45801
Commercial · MLS #308874
Active$2,999,999916-920 Market
Lima, OH 45805
Commercial · MLS #308220
Active$249,0002470 Eastown
Lima, OH 45805
Commercial · MLS #309295
Active$169,0001517 Allentown
Lima, OH 45805
Commercial · MLS #307733
Active$1,7502411 Shawnee Road
Lima, OH 45806
Commercial · MLS #309249
Active$299,0001355 Cole
Lima, OH 45805
Commercial · MLS #308334
Active$699,000321 Blanchard
Findlay, OH 45840
Commercial · MLS #307913
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