Closed

142 PEARL ST.

Lima, OH 45801

$169,900

MLS #306913

Type

Commercial

Year Built

1914

About this home

THIS APX. 34,000 SQ.FT COMMERCIAL BUILDING, CURRENTLY OPERATING AS LIMA ARMATURE WORKS, HAS APX. 25,000 SQ.FT. OF SPACE ON 1ST FLOOR & 9,000 SQ.FT. ON 2ND FLOOR & IS SITUATED ON 1.047 AC LOT. PROPERTY IS CURRENTLY ZONED AS FIRST INDUSTRIAL LIGHT AS PER CITY OF LIMA ZONING & FEATURES A FULLY FUNCTIONAL & RECENTLY INSPECTED, 4000 LB. FREIGHT ELEVATOR THAT RUNS FROM THE 2ND FLOOR TO THE BASEMENT & 220 V-3 PHASE ELECTRIC SERVICE.

Property details

Listed: 5/21/2026
Listing office: Ron Spencer Real Estate
Listing agent: James Spyker
ZIP: 45801
Status: Closed

Commercial loan estimator

Purchase priceDown payment — 25% ($42,475)

Interest rate

%

Loan term

Property tax

%/yr

Insurance

$

HOA / fees

$

Estimated monthly

$1,501

per month, all-in

Principal & interest: $1,046
Property tax: $255
Insurance: $200

Commercial loans typically require 20–30% down, 5–25 year terms, and may include balloon payments. Estimates only — actual terms depend on lender, DSCR, and property cash flow. Contact LV5 for a referral to a trusted commercial lender.