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Metro Center Business Arcade 127 N Elizabeth St 1,100 - 4,370 SF of Office/Retail Space Available in Lima, OH 45801

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HIGHLIGHTS

  • Metro Center at 127 North Elizabeth Street offers ground-floor retail suites under 33 residential units on the upper floors.
  • Provides retailers with high visibility along North Elizabeth Street with a desirable location at the center of Downtown Lima.
  • Perfectly situated a stone's throw from a medical district featuring St. Rita's and Lima Memorial Hospitals, which provide increased foot traffic.
  • Lima is the fourth fastest-growing city in the region, with significant investments totaling over $100 million in recent years.

ALL AVAILABLE SPACES(3)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor, Ste 101
  • 1,250 SF
  • 1-10 Years
  • $16.75 CAD/SF/YR $1.40 CAD/SF/MO $20,939 CAD/YR $1,745 CAD/MO
  • Office/Retail
  • Shell Space
  • Now

Benefits from large glass display windows on two sides and an abundance of natural light. The suite also has access through the Arcade entrance.

  • Lease rate does not include certain property expenses
  • Can be combined with additional space(s) for up to 3,270 SF of adjacent space
  • City views
  • Space is in Excellent Condition
  • Located in-line with other retail
  • NNN Lease
  • 1st Floor, Ste 104
  • 1,100 SF
  • 1-10 Years
  • $16.75 CAD/SF/YR $1.40 CAD/SF/MO $18,426 CAD/YR $1,536 CAD/MO
  • Office/Retail
  • Shell Space
  • Now

Benefits from large glass display windows on two sides and an abundance of natural light. The suite also has access through the Arcade entrance.

  • Lease rate does not include certain property expenses
  • Located in-line with other retail
  • NNN Lease
  • Space is in Excellent Condition
  • City views
  • 1st Floor, Ste 105
  • 2,020 SF
  • 1-10 Years
  • $18.15 CAD/SF/YR $1.51 CAD/SF/MO $36,657 CAD/YR $3,055 CAD/MO
  • Office/Retail
  • Shell Space
  • Now

A display window is available on one side and an outdoor view is available on the other side. Historical features are included.

  • Lease rate does not include certain property expenses
  • Can be combined with additional space(s) for up to 3,270 SF of adjacent space
  • Street view
  • Space is in Excellent Condition
  • Located in-line with other retail
  • NNN Lease
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 101 1,250 SF 1-10 Years $16.75 CAD/SF/YR $1.40 CAD/SF/MO $20,939 CAD/YR $1,745 CAD/MO Office/Retail Shell Space Now
1st Floor, Ste 104 1,100 SF 1-10 Years $16.75 CAD/SF/YR $1.40 CAD/SF/MO $18,426 CAD/YR $1,536 CAD/MO Office/Retail Shell Space Now
1st Floor, Ste 105 2,020 SF 1-10 Years $18.15 CAD/SF/YR $1.51 CAD/SF/MO $36,657 CAD/YR $3,055 CAD/MO Office/Retail Shell Space Now

1st Floor, Ste 101

Size
1,250 SF
Term
1-10 Years
Rental Rate
$16.75 CAD/SF/YR $1.40 CAD/SF/MO $20,939 CAD/YR $1,745 CAD/MO
Space Use
Office/Retail
Condition
Shell Space
Available
Now

1st Floor, Ste 104

Size
1,100 SF
Term
1-10 Years
Rental Rate
$16.75 CAD/SF/YR $1.40 CAD/SF/MO $18,426 CAD/YR $1,536 CAD/MO
Space Use
Office/Retail
Condition
Shell Space
Available
Now

1st Floor, Ste 105

Size
2,020 SF
Term
1-10 Years
Rental Rate
$18.15 CAD/SF/YR $1.51 CAD/SF/MO $36,657 CAD/YR $3,055 CAD/MO
Space Use
Office/Retail
Condition
Shell Space
Available
Now

1st Floor, Ste 101

Size 1,250 SF
Term 1-10 Years
Rental Rate $16.75 CAD/SF/YR
Space Use Office/Retail
Condition Shell Space
Available Now

Benefits from large glass display windows on two sides and an abundance of natural light. The suite also has access through the Arcade entrance.

  • Lease rate does not include certain property expenses
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 3,270 SF of adjacent space
  • Located in-line with other retail
  • City views
  • NNN Lease

1st Floor, Ste 104

Size 1,100 SF
Term 1-10 Years
Rental Rate $16.75 CAD/SF/YR
Space Use Office/Retail
Condition Shell Space
Available Now

Benefits from large glass display windows on two sides and an abundance of natural light. The suite also has access through the Arcade entrance.

  • Lease rate does not include certain property expenses
  • Space is in Excellent Condition
  • Located in-line with other retail
  • City views
  • NNN Lease

1st Floor, Ste 105

Size 2,020 SF
Term 1-10 Years
Rental Rate $18.15 CAD/SF/YR
Space Use Office/Retail
Condition Shell Space
Available Now

A display window is available on one side and an outdoor view is available on the other side. Historical features are included.

  • Lease rate does not include certain property expenses
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 3,270 SF of adjacent space
  • Located in-line with other retail
  • Street view
  • NNN Lease

MATTERPORT 3D TOURS

Explore the First Floor

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ABOUT THE PROPERTY

The Metro Center Business Arcade at 127 North Elizabeth Street in Downtown Lima is a six-story mixed-use building offering customizable ground-floor spaces with flexible layouts. Located at the signalized intersection of North West Street and West High Street. These suites are ideal for salons, restaurants, professional service firms, or boutique retailers, and benefit from high visibility and consistent foot traffic, with over 3,000 vehicles passing daily. The building also houses 33 residential units on the upper floors, providing a built-in customer base for businesses. Located near the medical district, anchored by St. Rita’s and Lima Memorial Hospitals, and across from the Wingate Hotel and a four-story parking garage. This is a highly accessible location with bus line access. Metro Center Arcade is positioned in a rapidly growing area with over $100 million in recent investments. The surrounding population of 90,000 within a 10-mile radius and consumer spending exceeding $1 billion make it a prime location for retail and service businesses. The Business Arcade features white box-ready spaces available for lease, allowing incoming businesses to personalize their design. With on-site parking, building security, and proximity to Route 65 and Interstate 75, the Metro Center offers unmatched convenience and exposure. Formerly the headquarters of Metropolitan Bank, the building blends historic charm with modern amenities, including upscale loft-style apartments for professionals. Residents enjoy access to restaurants, shopping, and entertainment just steps away, making the Metro Center a vibrant hub for both living and business in one of Ohio’s fastest-growing downtowns.

PROPERTY FACTS

Total Space Available 4,370 SF
No. Units 33
Max. Contiguous 3,270 SF
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Size 67,381 SF
Year Built 2021
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 27006594

  • Date on Market: 2023-11-20

  • Last Updated:

  • Address: 127 N Elizabeth St, Lima, OH 45801

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