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    Ashtabula Credit Union For Sale Title is generated by Realmo AI

    4220 Main Ave, Ashtabula, OH 44004

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    1,982 SF credit union with corporate guarantee.

    Type:Retail
    Property size:
    1,982 SF
    Price / SF:
    $197/SF
    Added:
    Mar 23, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 25 at 8:36 am

    Property Features for 4220 Main Ave

    General Information

    Standard status
    Active
    Size
    1,982 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2010

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    Scott Reid

    Listing office ParaSell Inc

    Listing date Mar 23, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc

    HighLights

    • Corporate Guarantee provides strong tenant security and stability.
    • Strategically located 5 minutes from Ashtabula County Medical Center.
    • High daily traffic due to proximity to a major regional healthcare provider.
    • Long‑term location viability.
    • Building size: 1,982 SF.
    • Built in 2010.

    Overview

    The property available for sale is a 1,982 square foot Port Conneaut Federal Credit Union located at 4220 Main Avenue in Ashtabula, OH. This investment opportunity features a corporate guarantee. The property is located approximately 5 minutes from Ashtabula County Medical Center.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $35.7k $18.00
    − Vacancy −$928 −$0.47
    EGI $34.7k $17.53
    − OpEx −$10.4k −$5.26
    NOI $24.3k $12.27
    1,982 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $347.5K
    $304.1K – $405.4K (±1% cap)
    NOI $24,324 @ 7.0% cap · market cap 6.21%
    Second Best
    Specialty Retail
    $285.6K
    $249.9K – $333.2K (±1% cap)
    NOI $19,994 @ 7.0% cap · market cap 5.10%
    Theoretical Best
    Office A
    $369.3K
    $323.2K – $430.9K (±1% cap)
    NOI $25,854 @ 7.0% cap · market cap 6.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ashtabula City Employees ... Credit Union Port Conneaut Federal ... Credit Union

    Suggested Use

    Real Estate Agency Skin Care Clinic Department Store Gym & Fitness Center Bakery Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.7806967
    Latitude
    41.8690838

    FAQs

    What type of property is this?
    Bank - 1,982 SF credit union with corporate guarantee.
    Where is this bank located?
    The property is located at 4220 Main Ave Ashtabula, OH.
    What is the asking price?
    The asking price for this property is $392,000.
    What are key features of this property?
    This property features: Corporate Guarantee provides strong tenant security and stability.; Strategically located 5 minutes from Ashtabula County Medical Center.; High daily traffic due to proximity to a major regional healthcare provider.
    More about this property
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