Retail Space with
For Sale
$350,000
988 Harbor Street, Conneaut, OH 44030
CommercialSale, Conneaut, OH
Property Size1,920 SF
Lot Size0.26 Acres
Price / SF$182.29
Days on Market18
Property Features for 988 Harbor Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
10
Parking features
Parking Lot
Security features
Security
Subdivision
Mutual
Elementary school district
Conneaut Area CSD - 403
Middle school district
Conneaut Area CSD - 403
High school district
Conneaut Area CSD - 403
Directions
From I-90, take Conneaut Exit (SR 7) and head north into Conneaut. Turn right (East) onto Erie Street, and Left (North) and the stop sign on harbor & Erie. Blue Building located to the East.
Standard status
Active
APN
122020002300
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
16 MUTUAL
Tax Annual Amount
3300
Legal Description
16 MUTUAL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Roof type
Metal
Buildings
1
Listing Agency:
Platinum Real Estate
(888) 974-7253
Listed By:
Alexandria Hall · License #2025000535
(440) 855-1508
Added: Oct 12
Changed: Oct 29
Last Checked: Oct 29 at 8:06AM
MLS# 5253332
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 988 Harbor Street, this 1,920-square-foot retail property was built in 2022 and has an open 60-by-32-foot layout. A double-window drive-through, point-of-sale equipment, and coolers are already installed. The building has central air, forced-air electric heat, a metal roof, and public water and sewer service.
The property occupies four combined lots totaling 0.2608 acre in Conneaut’s Harbor district. Approximately 8,000 square feet of paved area serves the site. The open floor plan and existing drive-through and sales equipment are part of the current setup.
The property occupies four combined lots totaling 0.2608 acre in Conneaut’s Harbor district. Approximately 8,000 square feet of paved area serves the site. The open floor plan and existing drive-through and sales equipment are part of the current setup.
Key Highlights
- 1,920‑square‑foot building constructed in 2022
- Double‑window drive‑through
- Open 60' x 32' floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,563
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,260
$471.3K
Cap Rate 7%
$336,614
$336.6K
Cap Rate 9%
$261,811
$261.8K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$34.6K $18.00/SF
− Vacancy
−$899 −$0.47/SF
EGI
$33.7K $17.53/SF
− OpEx
−$10.1K −$5.26/SF
NOI
$23.6K $12.27/SF
Area
Ashtabula County, OH
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,260
Cap Rate 7%
$336,614
Cap Rate 9%
$261,811
Alternative Uses
Best Use
Retail
$336.6K
$294.5K – $392.7K
NOI $23,563 @ 7.0% cap · market cap 6.73%
Second Best
Specialty Retail
$276.7K
$242.1K – $322.8K
NOI $19,368 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$357.8K
$313.1K – $417.4K
NOI $25,045 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 44030, OH
15,868
Population
7,211
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
58.7 sq mi
ZIP Area
270
Density / Sq Mi
$57,264
Median Household Income
$30,785
Median Earnings
$757
Median Rent
$136,300
Median Home Value
Check the figures for this property
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A 2022-built, open-plan property includes installed point-of-sale systems and refrigerated cases.
Where is this retail space located?
The property is located at 988 Harbor Street Conneaut, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,920‑square‑foot building constructed in 2022; Double‑window drive‑through; Open 60' x 32' floor plan
