222 S Elizabeth St, Lima, OH

Name: 222 S Elizabeth St, For Sale in Lima - eXp Realty
Brand: CCR Realtors
SKU: 310033
Price: 689000 USD

House

For Sale

Listed price in listed location currency (USD).

$689,000

060

MLS® 310033

Key Facts
Description
Map

Key Facts

Type Office

Levels Commercial Sale

Size -

Garage

Taxes $1,970

Days Active 1

Lot Size

Approx. Age 1916

MLS® Number 310033

Property Address: 222 S Elizabeth St, Lima, OH, 45801-4804

Average square foot calculated using Size range provided by listing agent.

Description

The corner of what's coming. Downtown Lima is in the middle of something real. A $10 million state grant is actively funding the redevelopment of Memorial Hall -- the 1908 Beaux-Arts landmark directly across the street -- with a $25 million boutique hotel concept currently in schematic design phase, with a decision expected by mid-May 2026. The valet entrance and primary guest arrival is planned to face South Elizabeth Street. This is not speculation. This is a publicly funded, actively planned anchor project with committed state capital behind it. 222 S. Elizabeth is positioned at the center of this transformation. The building is a solid performer today: fully occupied, positive cash flow, three commercial storefronts with prominent visibility and off-street parking in a market where that combination is increasingly scarce, and three residential apartments above. Built in 1916 on 0.177 acres with a new roof (2023), new HVAC (2023), and a freshly paved parking lot (2022), the capital-intensive work is done. But the real story is what surrounds it. Within one block: the new Allen County Administration Building (completing 2026). Within two blocks: Spring & Main, the civic core, and the DORA entertainment district encompassing 113 acres of the central business corridor. The area delivered a $4.3 million multi-building revitalization in 2024 celebrated by Governor DeWine, and Lima/Allen County ranked 4th in the nation for qualifying business investment projects in 2025. Three high-visibility storefronts. Private parking. Direct sightlines to a $25 million hospitality anchor. DORA zone. Historic district adjacency. This is the kind of position that sophisticated investors spend years trying to manufacture. It already exists at 222 S. Elizabeth. Listing agent is controlling owner. Appointment required. 24-hour notice for residential units.

MLS® Number310033

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1916

Basement

DrivewayOff Street, Parking Lot

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 22, 2026List Date

$689,000List Price

Commute

Commute

Starting Address

Destination Address

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