$1,950,000
About this home
Prime investment opportunity in the heart of Ravenna! This mixed-use commercial building features 11 commercial units/offices along with 17 residential apartment units, offering strong income potential and diverse revenue streams. Ideally located with great visibility and accessibility, this property is perfect for investors looking to expand their portfolio or generate consistent cash flow. At a Glance High profile revitalization or redevelopment opportunity of The Variety Theater, featuring a 20,675 square foot auditorium, multiple retail suites fronting Lorain Avenue and second floor apartments, totaling ~33,323 SF. Located in the lively Jefferson neighborhood of Cleveland, near the corner of Lorain Avenue and West 117th Street (nearly 30,000 VPD). Listed on the National Register of Historic Places. Convenient access to I-90 (nearly 130,000 VPD). $1.4 Million available in state-funded grants. Retail Units Five Retail Storefronts: +/- 6,455 SF of versatile space. Prime Visibility: Excellent frontage on Lorain Avenue with nearly 30,000 vehicles per day (VPD). Flexible Layouts: Storefronts can be combined to create larger continuous spaces. Ideal Opportunities: Perfect for a coffee shop, restaurant, record store, or other boutique retail.
Property details
- MLS #
- 5204175
- Property type
- MixedUse
- Subdivision
- N/A
- Status
- Active
- Days on market
- 116
- On market date
- April 22, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.7 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 299
- Student:teacher ratio
- 12.0:1
- District
- Ravenna City
- Enrollment
- 603
- Student:teacher ratio
- 13.7:1
- District
- Ravenna City
- Enrollment
- 584
- Student:teacher ratio
- 13.6:1
- District
- Ravenna City
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 12 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.