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1572 W 117th St
Lakewood, OH 44107
Retail Property For Sale


Investment Highlights
- Turn-Key restaurant, new Roof 2026, 24 parking spaces available on site, fully built-out kitchen, bar, and dining areas already in place.
- 115+ seat dining area & full bar on 1st floor for high-volume operations
- Existing restaurant use with clear path for redevelopment
- 5,000+ SF Multi-Level Layout – 2,897 SF main dining/bar level plus 2,599 SF lower-level event space
- Positioned along W. 117th with ~17,000 vehicles/day
Executive Summary
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.
Call Cole Kroneker to learn more.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,198 SF
Building Class
C
Year Built
1950
Price
$890,500 CAD
Price Per SF
$171.32 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.27 AC
Zoning
Retail/Commercial
Parking
20 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
Property Taxes
| Parcel Number | 315-15-005 | Improvements Assessment | $67,034 CAD |
| Land Assessment | $34,140 CAD | Total Assessment | $101,175 CAD |
Property Taxes
Parcel Number
315-15-005
Land Assessment
$34,140 CAD
Improvements Assessment
$67,034 CAD
Total Assessment
$101,175 CAD
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