Lima, OH Commercial Real Estate for Lease and Sale

Explore 26 listings of Lima commercial real estate to find the best space for your business.

2465 Elida Rd

2465 Elida Rd, Lima, OH
Property

Retail

3,040 SF
Year Built

1969
For Sale

$599,000
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Lima Ohio Motel

1940 Elida Rd, Lima, OH
Property

Hotel / Motel

11,321 SF
Year Built

1953
For Sale

$900,000
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Former Rite Aid

3710 Shawnee Road (Shawnee Township), Fort Shawnee, Lima, OH
Property

Retail

15,102 SF
Year Built

2006
For Sale Contact Broker
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3452-3456 St Johns Rd

3452-3456 St Johns Rd, Lima, OH
Property

Industrial

61,154 SF
Availability

2 Spaces

31,629 SF
Year Built

1966
For Lease

$3.50 - $7.50/SF/YR
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What type of listing property are you looking for?

Coworking Retail Industrial

Retail Industrial Land
Former Rite Aid

3710 Shawnee Road (Shawnee Township), Fort Shawnee, Lima, OH
Property

Retail

15,102 SF
Availability

1 Space

15,102 SF
Year Built

2006
For Lease Contact for pricing
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3452-3456 St Johns Rd

3452-3456 St Johns Rd, Lima, OH
Property

Industrial

61,154 SF
Year Built

1966
For Sale

$3,495,000
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1415 Bellefontaine Avenue

1415 Bellefontaine Avenue, Lima, OH
Property

Retail

14,840 SF
Year Built

2005
For Sale Contact Broker
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1415 Bellefontaine Avenue

1415 Bellefontaine Avenue, Lima, OH
Property

Retail

14,840 SF
Availability

1 Space

14,840 SF
Year Built

2005
For Lease Contact for pricing
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220 West Market Street
Coworking Center
220 West Market Street, Lima, OH
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Catering

Complimentary coffee & tea

Free water

Heating & A/C

High-speed wifi

Kitchen

Lockable filing cabinets

Printer

TV/Monitor

White boards
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924 E. Elm St.

924 E. Elm St., Lima, OH
Property

Retail

7,306 SF
Availability

1 Space

5,839 SF
For Lease Contact for pricing
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710 N Cable Rd

710 N Cable Rd, Lima, OH
Property

Retail

4,752 SF
Year Built

2003
For Sale

$650,000
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2300 Harding Hwy

2300 Harding Hwy, Lima, OH
Property

Retail

30,492 SF
Availability

4 Spaces

7,554 SF
Year Built

1986
For Lease

$14.00/SF/YR
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1945 Bellefontaine Rd

1945 Bellefontaine Rd, Lima, OH
Property

Retail

2,500 SF
Year Built

1985
For Sale

$695,000
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2250 Harding Hwy

2250 Harding Hwy, Lima, OH
Property

Retail

91,918 SF
Availability

1 Space

91,918 SF
Year Built

1983
For Lease Contact for pricing
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Meijer Outlot

3200 Elida Rd, Lima, OH
Property

VacantLand

1 Acre
Availability

1 Space

1 Acre
Year Built

2018
For Lease Contact for pricing
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2090 North Cable Road

2090 Cable Rd. N, Lima, OH
Property

Industrial

95,000 SF
Year Built

2002
For Sale

$3,500,000
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Northland Plaza

120 West Northern Avenue, Lima, OH
Property

Retail

193,507 SF
Availability

8 Spaces

23,873 SF
For Lease Contact for pricing
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1940 Motel Ave

1940 Motel Ave, Lima, OH
Property

VacantLand

64,904 SF
Availability

1 Space

64,904 SF
For Lease Contact for pricing
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3295 Elida Rd

3295 Elida Rd, Lima, OH
Property

Retail

630 SF
Availability

1 Space

630 SF
Year Built

1987
For Lease

$81.25/SF/YR
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Eastgate Professional Plaza

2356 Harding Hwy, Lima, OH
Property

Retail

6,962 SF
Availability

1 Space

5,950 SF
For Lease

$15.00/SF/YR
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1495 Findlay Rd

1495 Findlay Rd, Lima, OH
Property

Retail

1,176 SF
Availability

1 Space

1,176 SF
Year Built

1970
For Lease

$30.00/SF/YR
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1703 Harding Hwy

1703 Harding Hwy, Lima, OH
Property

VacantLand

1,500 SF
Availability

1 Space

1,500 SF
Year Built

1994
For Lease

$36.25/SF/YR
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Cable Crossing

902-914 Cable Road Lima, Lima, OH
Property

Retail

10,146 SF
Availability

2 Spaces

10,146 SF
For Lease Contact for pricing
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2100 Harding Hwy

2100 Harding Hwy, Lima, OH
Property

Industrial

16,000 SF
Availability

2 Spaces

16,000 SF
Year Built

1977
For Lease

$0.02 - $9.50/SF/YR
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3123 West Elm Street
Professional Pods
3123 West Elm Street, Lima, OH
Services

Open Workspace

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Espresso bar

High-speed wifi
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900 Bellefontaine Ave Sublease

900 Bellefontaine Avenue, Lima, OH
Property

Retail
Availability

1 Space

10,722 SF
For Lease

$8.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Lima commercial real estate market includes 422,763 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Lima market, there is a total of 233,308 square feet of industrial property.

The listing inventory in Lima incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Lima is represented by Retail space, which accounts for 185,979 square feet of available listings. Industrial space available in Lima adds up to 47,629 square feet.

Meanwhile, most of the listings of commercial property for sale in Lima are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Lima is $12.08 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Lima can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Lima, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Lima was Retail space.

The average size of a commercial property in Lima depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

Retail properties here incorporate an average of 26,423 square feet.
Industrial space in Lima is in buildings that are, on average 58,327 square feet in size.

Lima, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Lima currently add up to 345,343 square feet. Local retail availability includes 187,750 square feet across 12 retail space(s). Industrial space for rent opportunities in Lima amount to 47,629 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Retail	12	187,750
Industrial	2	47,629
Other	3	109,964

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Lima, OH. Currently, there is 207,709 square feet of commercial property for sale here , which includes , 5 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	5	40,234
Industrial	2	156,154
Other	1	11,321

Lima, OH Commercial Real Estate for Lease and Sale

2465 Elida Rd

Lima Ohio Motel

Former Rite Aid

3452-3456 St Johns Rd

Former Rite Aid

3452-3456 St Johns Rd

1415 Bellefontaine Avenue

1415 Bellefontaine Avenue

220 West Market Street

924 E. Elm St.

710 N Cable Rd

2300 Harding Hwy

1945 Bellefontaine Rd

2250 Harding Hwy

Meijer Outlot

2090 North Cable Road

Northland Plaza

1940 Motel Ave

3295 Elida Rd

Eastgate Professional Plaza

1495 Findlay Rd

1703 Harding Hwy

Cable Crossing

2100 Harding Hwy

3123 West Elm Street

900 Bellefontaine Ave Sublease

Frequently Asked Questions

Lima, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Lima, OH Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Lima, OH?

What factors affect the price of commercial real estate in Lima, OH?

What is the average rent for commercial space in Lima, OH?

What are the best areas for commercial real estate in Lima, OH?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Lima, OH?

Lima, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us