354 Main St Conneaut, OH 44030-2631
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.