Property profile

354 Main St Conneaut, OH 44030

OFF-MARKET
Investment properties
Property ID
US66-0480489
14,778 SF 0.36 ac lot Built 1903
Individually Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 14,778-square-foot retail property at 354 Main Street, Conneaut, OH, presents a unique investment opportunity. Built in 1903 by the Conneaut Lumber Co., this historically significant building boasts a rich past, rumored to have been a hideout and speakeasy for Al Capone during the Prohibition era. The property sits on a 0.36-acre lot and offers extensive space ideal for various commercial uses. The first floor features four bedrooms or offices, a large kitchen, two full bathrooms, and a grand ballroom with a large crystal chandelier. The second floor includes four additional bedrooms or offices and one full bathroom. A large, unconverted attic provides significant expansion potential. The basement houses a purported Al Capone speakeasy, a fourth bathroom, a weight room, and a large sub-basement with a second, commercial kitchen. The property is being sold "as is, where is." The auction begins October 16, 2024, and ends November 30, 2024, at 10:00 AM. Minimum bid increments are $5,000. Offers may be accepted prior to the auction's end date. The auction may be extended if a suitable offer isn't received by the closing date. This is a rare chance to own a piece of Conneaut history with substantial commercial possibilities.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1903
Construction WOOD
Total area 14,778 SF
Lot 0.36 ac (15,682 SF)
APN 12-113-00-144-00
UPID US66-0480489

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm Child Welfare Organization

Location

354 Main St Conneaut, OH 44030-2631
Conneaut metro Census 103 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2009
1 recorded transaction
2009
$160,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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