1572 W 117th St - Restaurant FOR SALE


Lakewood, OH 44107
$650,000 USD
216-302-4338
1572 W 117th St, Lakewood, OH for Sale
$650,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

1572 W 117th St
Lakewood, OH 44107


HIGHLIGHTS

  • Turn-Key restaurant, new Roof 2026, 24 parking spaces available on site, fully built-out kitchen, bar, and dining areas already in place.
  • 5,000+ SF Multi-Level Layout – 2,897 SF main dining/bar level plus 2,599 SF lower-level event space
  • 115+ seat dining area & full bar on 1st floor for high-volume operations
  • Positioned along W. 117th with ~17,000 vehicles/day
  • Existing restaurant use with clear path for redevelopment

OVERVIEW

Positioned just seconds from the Interstate 90 / W. 117th interchange, this property sits at one of the most strategic access points between Cleveland and Lakewood. The site captures both commuter traffic and dense surrounding rooftops. The site benefits from immediate proximity to Lakewood’s Gold Coast, one of the most densely populated residential pockets in Ohio. The property features over 5,000 SF of usable space, including a high-capacity dining room, bar area, and a lower-level ideal for private events or expanded operations. Unlike typical second generation spaces, this building minimizes upfront capital expenditures with a brand new roof, well maintained mechanicals, & full restaurant infrastructure and equipment in place. Ongoing infrastructure upgrades including transit improvements at the nearby West 117th–Madison Station and major I-90 corridor reinvestment are reinforcing this node as a primary west-side gateway into downtown Cleveland. As development momentum continues to push along W. 117th, this location is well positioned to benefit from revitalization and established density. Call Cole Kroneker to learn more.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

Retail/Commercial

APN/PARCEL ID

315-15-005

ASK ABOUT THIS PROPERTY

Cole KronekerHoff & Leigh Commercial Real EstateMore Info
216-302-4338

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Cole KronekerHoff & Leigh Commercial Real EstateMore Info
216-302-4338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.