2717 Lorain Ave - Restaurant FOR SALE


Cleveland, OH 44113- Ohio City
$2,500,000 USD
216-513-4309
2717 Lorain Ave, Cleveland, OH for Sale
$2,500,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

May '26


2717 Lorain Ave
Cleveland, OH 44113
Ohio City


HIGHLIGHTS

  • About 10,000 vehicles per day on Lorain Ave
  • Prime location in the Ohio City neighborhood
  • Perfect opportunity for 2nd generation restaurant/bar concept

OVERVIEW

Positioned in the heart of Ohio City, this ±0.3 acre corner site offers a rare opportunity in one of Cleveland’s most active and supply constrained neighborhoods. Located just steps from the West Side Market, Great Lakes Brewing Company, Mitchell's Ice Cream, the West 25th Street entertainment corridor, and positioned diagonally across from St. Ignatius High School, the property benefits from strong daily traffic, established neighborhood density, and consistent regional draw. The offering consists of a fully built out restaurant and brewery facility with substantial existing infrastructure, including a commercial kitchen, bar buildout, and brewing equipment. The property is being offered as real estate only; however, the existing improvements provide a clear path for a second-generation food and beverage concept or alternative adaptive reuse with limited upfront time and cost. The existing liquor license is available for transfer. The property offers additional flexibility with a lower level that can support a private dining concept, lounge, or speakeasy style use, complemented by a grand staircase entrance along West 28th. A newer elevator provides efficient access between all levels, supporting both ADA compliance and back of house operations. The building also features two large walk-in coolers, a mezzanine level with balcony seating, and a sizable outdoor patio. Existing infrastructure includes brewing equipment and a secondary kitchen opportunity in the lower level with a hood already roughed in, allowing for multiple operational layouts. The site also presents longer term redevelopment potential, with nearly half an acre allowing for reconfiguration or increased density, subject to zoning and community considerations. Ohio City continues to see sustained investment driven by its walkability, proximity to downtown, and strong neighborhood identity, making this a compelling opportunity for both operators and developers seeking a foothold in a high demand location. The property carries a long-standing legacy within the neighborhood, reflecting decades of ownership and investment in the area. Today, it is offered as a real estate opportunity, ready for its next chapter.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Hansa Brewery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

(4200) C - DETACHD STORE

APN/PARCEL ID

007-10-006

ASK ABOUT THIS PROPERTY

Jesse HowellsRussell Real Estate ServicesMore Info
216-513-4309

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Jesse HowellsRussell Real Estate ServicesMore Info
216-513-4309

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