244 Mill StConneaut, OH 44030

Property Details for 244 Mill St

Year built

1930

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

3,815 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-113-00-140-00

APU

121130014000

Description

This exceptional mixed-use property at 244 Mill Street in Conneaut, Ohio, presents a unique investment opportunity. The building boasts 2,967 square feet situated on a sizable 0.38-acre double lot, offering significant potential for diverse commercial ventures. Currently configured as a former dental office with a clean, well-maintained two-bedroom apartment on the upper level, the property's versatility is undeniable. The first floor's adaptable space lends itself to a wide array of commercial uses, from retail to professional offices, or even conversion into additional residential space. Its strategic corner location on Mill Street, just one block south of Route 20, ensures high visibility and accessibility, making it an ideal spot for attracting customers and clients. The high traffic volume of this location further enhances its commercial viability. This property's size, location, and flexible layout make it a compelling prospect for both established businesses seeking expansion and entrepreneurs looking to establish a presence in a thriving community. The double lot provides ample space for future development or expansion, adding to its long-term value. This is a rare opportunity to acquire a well-maintained property in a prime Conneaut location with significant upside potential. The asking price is $149,900.

• CAP approach

  CAP return

  Valuation

  6%

  $686,318

  6.5%

  $633,524

  7%

  $588,273

• Comparable approach

  Method

  Valuation

  Relative Method

  $356,855

  Geo Method

  $356,855

• Alternative Use

  Use

  Valuation

  Residential

  $785,570

  Hospitality

  $719,578

  Educational

  $598,681

  Medical

  $619,270

  Retail

  $931,281

Location Insight

City

Conneaut

County

Ashtabula

State

Ohio

Latitude

41.9429

Longitude

-80.5602

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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