1740 East 17th Street
Mixed Use | 10,813 SqFt
Marketing description
Built in the early 1900s as the Cadillac Furnished Rooms - a haven for the immigrants and workers chasing the American dream - this three-story brick landmark anchors a hard corner on East 17th Street, steps from Cleveland State University and Playhouse Square.
Today it sits at the seam of two converging waves of institutional capital: the Campus District's 10-year master plan, which names East 17th as a district border, and Playhouse Square's "Beyond the Stage" expansion northward - the largest performing-arts redevelopment between New York and Chicago.
The asset cash-flows in place today and offers a rare adaptive-reuse canvas: a DORA-ready ground floor, historic-tax-credit eligibility, and 25 income units above - priced at just $57.80 / SF.
Investment highlights
- Epicenter location - Corner lot on East 17th - a named border of the Campus District master plan.
- Institutional momentum - Surrounding parcels actively acquired by Playhouse Square & major capital.
- Income in place - ≈$112K gross in 2025 from a bar tenant, 25 rooms, office & storage.
- Value-add canvas - Historic-tax-credit eligible, DORA-ready ground floor, low $57.80/SF basis.
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