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Historic Theater Redevelopment Opportunity

11815-11837 Lorain Ave, Cleveland, OH

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For Sale

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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

HighLights

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.
Opportunity for mixed‑use redevelopment to capitalize on growing demand.
Potential to transform the theater into a venue for concerts, events, weddings, and entertainment.
Located on Lorain Avenue in Cleveland's near‑Westside.

We can help!

Listing Contact

Eliot Kijewski, SIOR

Learn more

For Sale

Contact for pricing

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:: 326
Last Refresh:: May 20 at 9:18 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

We can help!

Listing Contact

Eliot Kijewski, SIOR

Listing agent Ryan Fisher

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

HighLights

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.
Opportunity for mixed‑use redevelopment to capitalize on growing demand.
Potential to transform the theater into a venue for concerts, events, weddings, and entertainment.
Located on Lorain Avenue in Cleveland's near‑Westside.

Overview

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

Location Insight

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Local Demand

City: Cleveland
County: Cuyahoga
State: Ohio
Longitude: -81.7701
Latitude: 41.4613

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For sale
Theaters & concert halls
OH
Cleveland
11815-11837 Lorain Ave

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.

11815-11837 Lorain Ave, Cleveland, OH

Iconic theater primed for mixed-use redevelopment in Cleveland.

Property Features for 11815-11837 Lorain Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Office Building

Turnkey Retail Building in Cleveland

Asian Town Mixed-Use Assemblage

Renovated Three-Unit Multifamily

Remodeled Six-Plex on Dead-End Street

Daycare Facility in Cleveland, OH

Mixed-Use Office and Residential Property

Turnkey Bar and Restaurant with Banquet Hall

Retail Store with Brick Front

Turnkey Triplex in South Collinwood

Turnkey Entertainment Venue Opportunity

Spacious Cleveland Duplex Investment Opportunity

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