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Historic Brick Bank Building

15619-15621 Waterloo Rd, Cleveland, OH 44110

For Sale
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Former bank property with LR zoning supporting retail, food service, office, and multifamily residential uses through an overlay district.

Property Size8,385 SF
Lot Size0.42 Acres
Price / SF$44.72
Days on Market93

Property Features for 15619-15621 Waterloo Rd

General Information

Standard status Active
Size 8,385 SF
Lot size 0.42 Acres
Property subtype RETAIL
Zoning LR

Site & Location

Neighborhood Collinwood
Public Transit Yes

Additional Details

Opportunity Zone Yes

Building Details

Year Built 1927
Buildings 1
Stories 2
Construction brick
Tenancy Multi
Listing Agency: Hanna Commercial Real Estate | Cleveland
Listed By: Julie Sabroff · License #SAL.2012003272
Source: Moodyscre
Added: Aug 7 Changed: Nov 2 Last Checked: Nov 6 at 11:25AM

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 Hanna Commercial Real Estate | Cleveland

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Investment Insights

Based on property information with market context.

This former bank occupies a historic brick building constructed in 1927, with approximately 5,636 SF above grade and a 2,749 SF unfinished basement. The 0.42-acre parcel includes on-site parking and is configured for potential reuse as retail, office, restaurant, event, gallery, brewery, or mixed-use space. LR zoning supports retail sales, cafes, restaurants, bars, business offices, retail services, and multifamily residential through an overlay district.

The property is located at 15619-15621 Waterloo Rd in Cleveland’s Waterloo Arts District, along a neighborhood corridor identified for revitalization. Nearby properties include Beachland Ballroom at 15711 Waterloo and the Cleveland Food Bank at 15500 Waterloo, with galleries, restaurants, and creative tenants in the surrounding area. The Cleveland Lakefront Station provides access to the RTA Blue/Green Line. Listed incentive programs include a Federal Opportunity Zone, Cleveland “Opportunity Neighborhood” Tax Abatement, and Ohio federal and historical tax credits.

Key Highlights

  • Historic brick construction dating to 1927
  • 5,636 SF above grade plus 2,749 SF unfinished basement
  • 0.42‑acre lot with on‑site parking

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Spa & Massage Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

332
Businesses Nearby

Demographics for 44110, OH

17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value

Market

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019
8.5% 2020
7.2% 2021
6.9% 2022
6.7% 2023
6.9% 2024
7.3% 2025

Frequently Asked Questions

What type of property is this?
Bank - Former bank property with LR zoning supporting retail, food service, office, and multifamily residential uses through an overlay district.
Where is this bank located?
The property is located at 15619-15621 Waterloo Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Historic brick construction dating to 1927; 5,636 SF above grade plus 2,749 SF unfinished basement; 0.42‑acre lot with on‑site parking
(216) 839-2029 Call to check price and availability
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