516-518 N Main Street, Lima, OH 45801
$295,000












































Property Type:
Commercial Sale
Baths:
2
Square Footage:
7,000
Lot Size (sq. ft.):
10,000
Status:
Active
Current Price:
$295,000
List Date:
4/16/2025
Last Modified:
4/16/2025
Description
516-518 N Main St is located in Lima's new State of Ohio designated ''Entertainment District''. D5-J Ohio Liqueur License available for $2,350 with purchase of the building. Improvements include new roof and electric in 2020; new Gas Furnace, supplemental Heat Pump, Central AC Unit, and Water Heater in 2022. First floor has been remodeled with the removal of old plaster/drywall to expose the original brick walls and woodwork, drop ceilings were removed to restore the rooms to their original height, original hardwood flooring restored in the restaurant section, two newly remodeled bathrooms. The remodeled kitchen has been approved by the Allen County Health Dept and has a new commercial convection oven, no flame induction burner, refrigerator, three sinks, and new fixtures. The bar area has new flooring, bar from'' Louie's Nite Club days'', a 3-bay bar cooler, bar sink, ice bins, classic refrigerator and bar stools. Restaurant tables and chairs included. Second floor is ready to be finished with tall ceilings, original 1887 wooden doors with transoms, original hardware, and 12'' baseboard. Parking lot 6,000sf.
More Information MLS# 306767
Location Property Info
Current Price: $295,000
Original List Price: 295000
Property Sub Type: Business
List Price: $295,000
Status: Active
List Date: 2025-04-14
Street #: 516-518
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Allen
State: OH
Postal Code: 45801
General Property Info
Lot Size Dimensions: 0.23 Acre
Lot Size Square Feet: 10000
Legal Description: MCKIBBENS ADDITION LOT 570 FF 50.00
FEMA Flood Zone Y/N: No
Living Area SqFt: 7000
# Stories: 2
Bathrooms Total: 2
# Of Buildings: 1
Year Built: 1887
Tax Info
Parcel #: 37-3011-08-007.000
Tax Annual Amount: 1595
Status Change Info
Status Change Date: 2025-04-15
Property Features
Business Type: Bar/Tavern/Lounge; Restaurant
Construction Materials: Brick
Cooling: Central Air
Documents Available: Equipment List; Floor Plan; Inventory List
Flooring: Wood
Heating: Combination; Forced Air; Heat Pump; See Remarks
Listing Terms: Cash; Conventional
Other Equipment: Furniture; See Remarks
Parking Features: Private; See Remarks
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Flat; See Remarks
Sale Includes: Building & Land; Other
Sewer: Public Sewer
Special Licenses: Liquor
Special Listing Conditions: Fair Market
Utilities: Sewer Connected; Water Connected
Water Source: Public
Listing Office: Berkshire Hathaway Professional Realty
Last Updated: April - 16 - 2025

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