# 502 W High Street, Lima, OH 45801

> **TL;DR:** commercial, $285,000 ($25/sqft), built 1940, 11,624 sqft.
> A/C. Est. $1,524/mo. Listed 269 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $285,000 |
| Price/sqft | $25 |
| Square Feet | 11,624 |
| Year Built | 1940 |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 269 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,441 |
| Estimated Insurance | $83 |
| **Total** | **$1,524** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1940

## Description

### AI Summary
Half of this 11,624-square-foot commercial building is currently leased through December 2028, providing monthly rental income of $2,500. Located in downtown Lima, Ohio, the property offers a commercial investment opportunity with a remaining leased portion and additional building space. Built in 1940, the building includes central air conditioning and natural gas forced-air heating. The property is listed at $285,000 and is configured as a commercial property rather than a residential home, with no bedrooms or bathrooms listed. Its substantial size supports a range of potential commercial uses, subject to applicable requirements and approvals. The existing lease, current rental income, original construction year, and mechanical systems provide key details for evaluating the property. With 11,624 square feet under one roof, this downtown Lima property combines an established commercial structure with existing tenancy and defined lease timing.

### Agent Description
Nice Commercial investment property in downtown Lima. 11,624 sq. ft. Half of the building is currently leased through December of 2028. Current monthly rental income $2,500.00 .

## Location

- **Address:** 502 W High Street, Lima, OH 45801
- **County:** Allen
- **Coordinates:** 40.74166, -84.110738
- **Google Maps:** https://www.google.com/maps?q=40.74166,-84.110738

## Listing Agent

- **Name:** Gregory Stolly
- **Brokerage:** CCR Real Estate LLC
- **Phone:** 4193021890
- **Broker Phone:** (419) 371-3085

## Photos

![502 W High Street - Photo 1](http://lh.rdcpix.com/0bf39de80bf94a7fa40d2413a5ccd5ecl-f1816933121r.jpg)

---

**MLS#:** 309160 | **Updated:** 2026-10-02
**Source:** listhub

*Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/502-w-high-street-lima-oh-45801-h309160)

---

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