1. Home
  2. Ohio
  3. Allen County
  4. Lima
  5. W Market St

506 W Market St, Lima, OH 45801 Property Records

Allen County property record for 506 W Market St, Lima, OH 45801

Property Summary

Property TypeRetail Stores (Personal Services, Photography, Travel)
Details15,102 sqft · built 2006
Lot Size1.36 acres (59,242 sqft)
OwnerCompany Name on File
Last Sale$106,000 (Apr 1996)
Tax Bill$30,493 (2025)
Deeds & MortgagesMar 2022 Line of Credit
Mar 2017 Mortgage
Flood ZoneZone X (minimal risk)
APN36-3608-03-018.001

Property Details

APN / Parcel Number

Primary APN36-3608-03-018.001
Alternative APN
  • M3836360803018001

Interior

Stories1 Story
Building Area15,102 sqft Gross Area
1st Floor Area15,102 sqft
Fire SprinklersFire Sprinklers

Exterior

Year BuiltBuilt 2006
Effective Year BuiltEffective 2006
Exterior MaterialBrick/Stone
Construction TypeMasonry / Concrete Block
Fire ResistanceMasonry Walls, Wood Interior
Lot Area59,242 sqft (1.36 acres)

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemHVAC

Location & Zoning

Street Address506 W MARKET ST
CityLIMA
StateOH
Zip45801-4718
Property CategoryCommercial
Property TypeCommercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Legal DescriptionREPLAT OF WEST ADD LOTS 555-557 & MCDONELS ADDITION LOTS 420-421 LOT 30150
Legal SubdivisionMCDONELS ADD
Legal Lot Number30150
JurisdictionALLEN OH
Township / Civil DivisionLIMA
Census Block Group3
Census Block3009
Census Tract14100

Owner

506 W Market St, a commercial property, is owned by a company that bought it in April 1996.

Source: Allen County records, as of May 21, 2026

Owner of RecordCompany Name on File
Mailing Address506 W MARKET ST, LIMA, OH 45801-4718
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Mar 11, 2022Deed of Trust, Mortgage · Line of Credit
THE UNION BANK CO
Mar 31, 2017Deed of Trust, Mortgage
CANTOR COM'L R/E LNDG

Assessor's Deed Record

Deed NamesName on Deed
Last SaleApr 3, 1996 · Amount on File
Deed SaleApr 3, 1996 · Amount on File
Prior SaleApr 3, 1996 · Amount on File
Record UpdatedOct 29, 2026

March 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionALLEN OH
Property Address506 W MARKET ST, LIMA, OH 45801-4718
Transaction TypeMortgage
Record UpdatedMar 22, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number3110002919
DateMar 11, 2022
Book Page2022/2919
Instrument202203110002919
Lender
NameTHE UNION BANK CO
TypeBank
AddressLIMA, OH 45804
Agreement
TypeLine of Credit
AmountAmount on Record
Term60 Months
DueMar 10, 2027

March 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionALLEN OH
Property Address506 W MARKET ST, LIMA, OH 45801-4718
Document Number0000003418
Instrument DateMar 31, 2017
Transaction TypeMortgage
Record UpdatedJan 10, 2019
Title CompanyATTORNEY ONLY

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address60 WHITE BIRCH LN PARSIPPANY NJ 070542421, PARSIPPANY, NJ 07054-2421

Mortgage

Document Number0000003418
DateApr 4, 2017
Instrument3418
Lender
NameCANTOR COM'L R/E LNDG
Address110 E 59TH ST # 6TH, NEW YORK, NY 10022-1304
Agreement
AmountAmount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 506 W Market St was $30,493, up 0.2% from the year before.

Source: Allen County assessment roll, as of May 21, 2026

Property Jurisdictions

TypeName
StateOhio
CountyAllen County
MunicipalityLima City
Unified School DistrictLima City School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$30,493.00 (+0.19%)$644,010 (-) Land $177,910 Building $466,100$1,840,000 (-) Land $508,300 Building $1,331,700
2024$30,436.00 (+0.94%)$644,010 (+1%) Land $177,910 Building $466,100$1,840,000 Land $508,300 Building $1,331,700
2023$30,152.00 (+0.06%)$585,450 (-) Land $161,740 Building $423,710
2022$30,134.00$585,450 Land $161,740 Building $423,710
2021$1,672,700 Land $462,100 Building $1,210,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 506 W Market St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 20, 2024

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 506 W Market St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemLIMA CITY
serves 65,619 people · EPA ID OH0200811
Water SourceSurface water
Last State InspectionFeb 2025
LeadUnder 1 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityTreatment failure
resolved · May 2026
Total trihalomethanes
resolved · Apr 2024
Turbidity
resolved · Dec 2016
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 292 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Brightspeed
Fiber		2,000 / 2,000
Spectrum
Cable · Fiber in parts of the area		1,000 / 1,000
Watch TV
Fixed Wireless		400 / 40
AT&T
Fixed Wireless		100 / 20

May also be available: MetaLINK Technologies, TSC, Verizon.

Nearby Properties on W Market St

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures