11815-11837 Lorain Ave Cleveland, OH
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Iconic theater primed for mixed-use redevelopment in Cleveland.
Type:RETAIL
Property size:
17,781 SFLot size:
1.41 AcresPrice / SF:
$47/SF- Added:
- Jul 24, 2025
- Days on Market:
- 280
- Last Refresh:
- Apr 5 at 9:17 pm
Property Features for 11815-11837 Lorain Ave
General Information
- Standard status
- Active
- Size
- 17,781 SF
- Lot size
- 1.41 Acres
- Property subtype
- RETAIL
Listing agent Eliot Kijewski, SIOR
Listing office Cresco Real Estate | Cleveland (216) 520-1200
Listing date Jul 24, 2025
Source Moodyscre
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 Cresco Real Estate | Cleveland
Overview
Historic Theater Redevelopment Opportunity
The former Variety Theatre, situated at 11815 Lorain Avenue on Cleveland's near-Westside, offers a redevelopment opportunity. The property, with its architecture and history, is suited for repositioning. Given the increasing demand for residential and entertainment spaces in Northeast Ohio, converting the theater into a venue for concerts, events, weddings, and general entertainment could address a need in the mid-market sector. The property's historic landmark status is a key advantage, along with the approval of a federal historic tax credit (HTC) award of $1.6 million, a state HTC award of $1.4 million, and the availability of completed architectural plans. These factors may save time and resources during the development process. Redeveloping the Variety Theatre into an entertainment venue represents an investment opportunity to restore a historic landmark while meeting community needs. This project has the potential to enrich Cleveland’s cultural landscape, generate returns, and preserve the legacy of an institution. The property size is 17781 square feet.
Location Intelligence
Current Use by Public Records
Theaters & concert halls
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7701
- Latitude
- 41.4613
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FAQs
What type of property is this?
Theater & concert hall - Iconic theater primed for mixed-use redevelopment in Cleveland.
Where is this theater & concert hall located?
The property is located at 11815-11837 Lorain Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approved federal and state historic tax credits totaling $3 million significantly reduce redevelopment costs.; Completed architectural plans are available, saving time and resources.; The property is a historic landmark, offering unique architectural character and appeal.
