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Enterprise Building 205 W Market St 34,800 SF 100% Leased Office Building Lima, OH 45801 $4,885,720 CAD ($140.39 CAD/SF) 9.27% Cap Rate
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Enterprise Building is a historic and recognizable office building spanning 30,000 square feet with turnkey suites in the heart of Lima.
- Within a 15-minute walk of over a dozen eateries, Lima City Council, Lima Municipal Court, the YMCA, and St. Rita’s Medical Center.
- Newly constructed Rhodes State College Medical Education building is only one block away.
- Join Lima’s diverse economy, including PPG, Range Kleen, Mercy Health, and the Ford Lima Engine Plant, which produces 36% of the F-150 engines.
- Lima is a desirable office market - vacancy decreased by 0.3% while the national average increased by 1.1% since 2023 began.
EXECUTIVE SUMMARY
The Enterprise Building at 205 W Market Street is a historic and recognizable office building presenting a value-add or owner/user opportunity. The five-story, 30,000-square-foot building comprises an array of move-in-ready suites for quick occupancy turnarounds.
The property is a mile from a district headlined by St. Rita’s Medical and Memorial Hospital, making it ideal for businesses that support the medical field to cash in on a location central to Lima's entire population. Additionally, the property is across the street from the Wingate Hotel and a four-story parking garage.
The Enterprise Building is within a 15-minute walk of The Meeting Place on Market, Kewpee Hamburgers, Zinum 12, The Met, Our Town Roast, Joey’s Subs, and Old City Prime, providing access to dining options and proximity to a number of the city’s newest developments. These developments showcase Lima’s meteoric rise as the fourth fastest-growing city in the region and some of the city's significant investments totaling over $100 million in recent years.
The building also offers convenient access to Interstate 75, which runs north and south, and direct access to N West Street/Route 65, the area’s main thoroughfare. The Enterprise Building is the perfect destination for businesses or investors searching for a well-positioned building minutes from an established medical district in the heart of Lima.
The property is a mile from a district headlined by St. Rita’s Medical and Memorial Hospital, making it ideal for businesses that support the medical field to cash in on a location central to Lima's entire population. Additionally, the property is across the street from the Wingate Hotel and a four-story parking garage.
The Enterprise Building is within a 15-minute walk of The Meeting Place on Market, Kewpee Hamburgers, Zinum 12, The Met, Our Town Roast, Joey’s Subs, and Old City Prime, providing access to dining options and proximity to a number of the city’s newest developments. These developments showcase Lima’s meteoric rise as the fourth fastest-growing city in the region and some of the city's significant investments totaling over $100 million in recent years.
The building also offers convenient access to Interstate 75, which runs north and south, and direct access to N West Street/Route 65, the area’s main thoroughfare. The Enterprise Building is the perfect destination for businesses or investors searching for a well-positioned building minutes from an established medical district in the heart of Lima.
MATTERPORT 3D TOURS
Second Floor
/4
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
34,800 SF
Building Class
B
Year Built/Renovated
1920/1999
Price
$4,885,720 CAD
Price Per SF
$140.39 CAD
Cap Rate
9.27%
NOI
$452,976 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,960 SF
Building FAR
2.50
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C1BR - Class I Business Retail
Parking
19 Spaces (0.55 Spaces per 1,000 SF Leased)
AMENITIES
- Bicycle Storage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Three 1000 SQ FT Classrooms
- 5th Fl-Ste 500B
- 1,000 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 300 | 5,600 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 500A | 5,200 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 500B | 1,000 SF | Office | Full Build-Out | 30 Days |
3rd Fl-Ste 300
| Size |
| 5,600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 500A
| Size |
| 5,200 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 500B
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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VIDEOS
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MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Fl-Ste 300
| Size | 5,600 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Three 1000 SQ FT Classrooms
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
5th Fl-Ste 500A
| Size | 5,200 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Walk Score®
Very Walkable (81)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
11,772
47,450
65,876
2024 Population
13,193
49,604
67,870
Population Growth '20-'24
12.1%
4.5%
3.0%
2020 Households
4,788
19,479
26,998
2024 Households
5,306
20,248
27,734
Household Growth '20-'24
10.8%
4.0%
2.7%
Average Age
36
39
40
Median Household Income
$32,791
$41,115
$45,621
Daytime Employees
17,271
41,029
52,069
Total Businesses
1,505
3,424
4,442
College Degree + Higher
7%
12%
15%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Argonne Residence Inn | American | $$ | 3 min walk |
| East of Chicago Pizza | - | - | 3 min walk |
| Fat Cat Diner | Diner | $$ | 7 min walk |
| McDonald's | - | - | 7 min walk |
| Daryl & Daryl's Pizza & Wings | Pizza | - | 8 min walk |
| Subway | - | - | 9 min walk |
| Starbucks | Cafe | $ | 12 min walk |
| Smoke Mans BBQ | Barbecue | - | 12 min walk |
RETAIL |
||
|---|---|---|
| Family Dollar | Dollar/Variety/Thrift | 5 min walk |
| USPS | Business/Copy/Postal Services | 5 min walk |
| Ruler Foods | Supermarket | 9 min walk |
HOTELS |
|
|---|---|
| Wingate by Wyndham |
100 rooms
1 min drive
|
| TownePlace Suites |
110 rooms
5 min drive
|
| Holiday Inn |
116 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $397,091 CAD | |
| Land Assessment | $53,479 CAD | Total Assessment | $450,569 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$53,479 CAD
Improvements Assessment
$397,091 CAD
Total Assessment
$450,569 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walter Development Enterprises
Enterprise Building | 205 W Market St
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