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    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 SF
    Lot size:
    1.41 Acres
    Price / 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

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    Listing Contact
    Eliot Kijewski, SIOR

    Listing agent Eliot Kijewski, SIOR

    Listing office Cresco Real Estate | Cleveland

    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7701
    Latitude
    41.4613

    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.
    (216) 520-1200 Call to check price and availability
    More about this property
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