Listed by Hanna Commercial Real Estate Cleveland
$375,000
Former Bank Building in Waterloo Arts District
Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Bank
Square Footage 8,385
Year Built 1927
Buildings 1
Acreage 0.420
Zoning LR
Parking Spaces spaces
Ground Lease No
Historic 2-Story Former Bank Building
Marketing description
Built in 1927, this two-story former bank building offers 5,636 SF above grade plus a 2,749 SF unfinished basement on a 0.42-acre lot with on-site parking. Historic brick construction with classic bank-era character throughout.
Zoned LR for retail, restaurant, office, and mixed residential use — ideal for adaptive reuse as a restaurant, brewery, event venue, creative office, or gallery.
Located in the heart of the Waterloo Arts District, steps from Beachland Ballroom and a thriving cluster of galleries, restaurants, and creative tenants. Walking distance to the RTA Blue/Green Line.
Eligible for Federal Opportunity Zone, City of Cleveland Tax Abatement, and OH/Federal Historic Tax Credit incentives.
Investment highlights
- 2-story former bank building, approx. 5,636 SF above grade + 2,749 SF unfinished basement
- 0.42-acre lot (18,391 SF) with on-site parking
- Built 1927 - historic brick construction with classic bank-era architectural character
- LR zoning – Retail sales, cafes, restaurants, bars, business offices, retail services (barber, dry cleaning, storefront retail), multifamily residential (overlay district)
- Multitenant Retail & Office: Adaptive reuse potential as restaurant, event venue, creative office, brewery, gallery, or mixed-use
- North Collinwood corridor incentives – Federal Opportunity Zone, Cleveland “Opportunity Neighborhood” Tax Abatement, OH Fed & Historical Tax Credits
- Situated in the Waterloo Arts District, one of Cleveland's most active neighborhood revitalization corridors
- Immediate neighbors include Beachland Ballroom (15711 Waterloo), Cleveland Food Bank (15500 Waterloo), and a growing cluster of galleries, restaurants, and creative tenants
- Proximity to RTA Blue/Green Line at Cleveland Lakefront Station
Listing Contacts
Listed by Hanna Commercial Real Estate Cleveland
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Zoning
LR-D2 CommercialRetail CommercialLocal Retail Business
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View all 113 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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