1355 N Cole Street, Lima, OH 45805
$299,000
Property Type:
Commercial Sale
Baths:
2
Square Footage:
25,800
Lot Size (sq. ft.):
16,988
Status:
Active
Current Price:
$299,000
List Date:
1/08/2026
Last Modified:
1/16/2026
Description
Prime commercial opportunity with immediate cash flow! This established restaurant and bar property is currently active under a short-term lease, making it an ideal 'turn-key' investment or a future site for your own business.
The property features a 1,056 sq. ft. main building currently utilized for food service, plus a massive 15,000 sq. ft. secondary building, all situated on a 0.39-acre lot in American Township. With high-visibility frontage on N Cole Street and traffic counts exceeding 10,000 vehicles per day, this location offers incredible exposure. Whether you choose to maintain the current tenant or transition to a new venture, this versatile site provides the space and traffic needed for long-term success. Located just minutes from Elida Rd and Robb Ave retail corridors.
More Information MLS# 308334
Location & Property Info
Township: American
General Property Info
Lot Size Dimensions: 85 x 200
Lot Size Square Feet: 16988
Exceptions: 0
FEMA Flood Zone Y/N: No
# Stories: 1
Bathrooms Total: 2
# Of Buildings: 4
Ceiling Height: 9
Enhanced Accessible: No
Traffic Count: 10378
Living Area SqFt: 25800
Year Built: 1986
Tax Info
Parcel #: 36-2605-12-009.002
Tax Annual Amount: 514
Tax Other Annual Assessment Amount: 20
Remarks & Misc
Public Remarks: Prime commercial opportunity with immediate cash flow! This established restaurant and bar property is currently active under a short-term lease, making it an ideal 'turn-key' investment or a future site for your own business.
The property features a 1,056 sq. ft. main building currently utilized for food service, plus a massive 15,000 sq. ft. secondary building, all situated on a 0.39-acre lot in American Township. With high-visibility frontage on N Cole Street and traffic counts exceeding 10,000 vehicles per day, this location offers incredible exposure. Whether you choose to maintain the current tenant or transition to a new venture, this versatile site provides the space and traffic needed for long-term success. Located just minutes from Elida Rd and Robb Ave retail corridors.
Business Type
Bar/Tavern/Lounge: 1
Fast Food: 1
Restaurant: 1
Retail: 1
Construction Materials
Block: 1
Steel Siding: 1
Documents Available
Aerial: 1
Cooling
Central Air: 1
Listing Terms
Cash: 1
Conventional: 1
Electric
220 Volts: 1
Heating
Forced Air: 1
Sewer
Public Sewer: 1
Parking Features
Private: 1
Unpaved: 1
Water Source
Public: 1
Sale Includes
Building & Land: 1
Business, Building & Land: 1
Location Property Info
Current Price: $299,000
Original List Price: 299000
Property Sub Type: Retail
List Price: $299,000
Status: Active
List Date: 2025-09-24
Street #: 1355
Street Direction Prefix: N
Street Name: Cole
Street Suffix: Street
County: Allen
State: OH
Postal Code: 45805
Subdivision Name: Homewood Subdivision
Zoning: B1
Status Change Info
Status Change Date: 2026-01-07
Property Features
Business Type: Bar/Tavern/Lounge; Fast Food; Restaurant; Retail
Construction Materials: Block; Steel Siding
Cooling: Central Air
Documents Available: Aerial
Electric: 220 Volts
Heating: Forced Air
Listing Terms: Cash; Conventional
Parking Features: Private; Unpaved
Sale Includes: Building & Land; Business, Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
Berkshire Hathaway Professional Realty
Last Updated: January - 16 - 2026
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