Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space with Drive-In Doors Title is generated by Realmo AI

    501 Mill Street, Conneaut, OH 44030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile commercial space suitable for industrial, warehousing, or general business.

    Type:Retail
    Property size:
    6,600 SF
    Price / SF:
    $18/SF
    Added:
    Feb 7, 2026
    Days on Market:
    98
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 501 Mill Street

    General Information

    Standard status
    Active
    Size
    6,600 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Rick Osborne Jr.
    Rick Osborne Jr.

    Listing agent Rick Osborne Jr. License #OH 2010001710

    Listing office KW Commercial Keller Williams Greater Cleveland NE

    Listing date Feb 7, 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 KW Commercial Keller Williams Greater Cleveland NE

    HighLights

    • Prime commercial space suitable for light industrial, warehousing, or general business.
    • All brick building.
    • Two drive‑in doors.
    • Ample parking.
    • Suitable for small business or warehousing needs.
    • Year Built: 1900

    Overview

    This commercial space is suitable for light industrial, warehousing, or general business purposes. The all-brick building features two drive-in doors and ample parking. It is positioned for those looking to open a small business or require warehousing. The property is located on Mill Street; from OH-7 N, continue straight onto Mill St, the property is on the left.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Krome Plumbing & Heating ... Plumbing Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • HarborView Storage — 0 Harbor ST &, 618 Sandusky St, Conneaut, OH 44030

    Location Insight

    • Map
    • Local Demand
    City
    Conneaut
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.559708
    Latitude
    41.9501189

    Nearby Similar for Sale

    • $1,750,000
      7,000 SF

      75-Acre Campground Near Lake Erie

      Established campground with 99 campsites, clubhouse, and expansion potential.
      6231 Weaver Rd, Conneaut, OH 44030
      View Details
    • $239,900

      Established Restaurant in Downtown Conneaut

      Turnkey restaurant with second story for potential office/residential units.
      223 Broad Street, Conneaut, OH 44030
      View Details
    • $109,900
      2,765 SF

      Conneaut Duplex with Income Potential

      Side-by-side duplex with updated unit and long-term tenant.
      805 Main Street, Conneaut, OH 44030
      View Details
    • $130,000
      6,270 SF

      Downtown Conneaut Commercial Building

      Spacious commercial building in downtown Conneaut with retail potential.
      191 Main Street, Conneaut, OH 44030
      View Details
    • $99,900
      1,698 SF

      Conneaut Multifamily with Mechanic's Garage

      Multifamily property with mechanic's garage on 0.80 acres.
      406 E Main Road, Conneaut, OH 44030
      View Details
    • $2,000,000

      Historic Retail Building in Conneaut

      Charming historic retail building with original architectural details.
      256 Main Street, Conneaut, OH 44030
      View Details
    • $550,000

      Industrial Space For Sale

      Industrial building suitable for owner-users or investors.
      500 Madison Street, Conneaut, OH 44030
      View Details
    • $160,000

      Corner Lot Commercial Property

      Commercial property located at the corner of Broad and Liberty.
      171 Broad Street, Conneaut, OH 44030
      View Details
    • $550,000

      Industrial Space with Heavy Manufacturing Power

      Industrial building suitable for owner-user or investor with heavy power.
      500 Madison Street, Conneaut, OH 44030
      View Details
    • $2,000,000

      Historic Retail Building in Conneaut

      Charming historic retail building with original architectural details and potential.
      256 Main Street, Conneaut, OH 44030
      View Details
    • $200,000

      Former Four Jacks Bar Opportunity

      Great location for diner, bar, bakery, or coffee shop.
      357 Depot Street, Conneaut, OH 44030
      View Details
    • $125,000

      Commercial Space with Drive-In Doors

      Commercial building suitable for light industrial, warehousing, or general business.
      501 Mill Street, Conneaut, OH 44030
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile commercial space suitable for industrial, warehousing, or general business.
    Where is this warehouse located?
    The property is located at 501 Mill Street Conneaut, OH.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Prime commercial space suitable for light industrial, warehousing, or general business.; All brick building.; Two drive‑in doors.
    (440) 299-5190 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rick Osborne Jr.
    Rick Osborne Jr.
    Real Estate License ID: OH 2010001710
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    501 Mill Street, Conneaut, OH 44030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!