Price Reduced Listing
$1,890,000
( )
 $12,574 est/mo Sourced by Back At You

127 E Main Street,Ravenna, OH 44266

Ravenna, OH 44266

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Description

Prime investment opportunity in the heart of Ravenna! This mixed-use commercial building features 11 commercial units/offices along with 17 residential apartment units, offering strong income potential and diverse revenue streams. Ideally located with great visibility and accessibility, this property is perfect for investors looking to expand their portfolio or generate consistent cash flow. At a Glance High profile revitalization or redevelopment opportunity of The Variety Theater, featuring a 20,675 square foot auditorium, multiple retail suites fronting Lorain Avenue and second floor apartments, totaling ~33,323 SF. Located in the lively Jefferson neighborhood of Cleveland, near the corner of Lorain Avenue and West 117th Street (nearly 30,000 VPD). Listed on the National Register of Historic Places. Convenient access to I-90 (nearly 130,000 VPD). $1.4 Million available in state-funded grants. Retail Units Five Retail Storefronts: +/- 6,455 SF of versatile space. Prime Visibility: Excellent frontage on Lorain Avenue with nearly 30,000 vehicles per day (VPD). Flexible Layouts: Storefronts can be combined to create larger continuous spaces. Ideal Opportunities: Perfect for a coffee shop, restaurant, record store, or other boutique retail.

Details

MLS #5204175
Listing TypeFor Sale
StyleMixeduse
Sub-TypeResale
StatusActive
Year1870
Days On Site169
Listing Provided ByKeller Williams Chervenic Rlty | Nicholas R Papas

Features

Acreage0.70

Taxes

Tax Annual Amount20255

Area Information

StateOH
CountyPortage
CityRavenna
Zip Code44266
Listing VS Median (in 44266)
Price:
$1,890,000
low | high
Med:
$237,000
100% of Average
On site:
169
low | high
Med:
60
100% of Average
Sourced by Back At You

Market Activity 44266

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Learn More About This Property

Jill Lightfoot

Jill Lightfoot

e-Merge Real Estate

2005012885 (614) 992-7818jill.lightfoot@e-merge.com
StateOH
CountyPortage
CityRavenna
Zip Code44266
Listing VS Median (in 44266)
Price:
$1,890,000
low | high
Med:
$237,000
100% of Average
On site:
169
low | high
Med:
60
100% of Average
Sourced by Back At You
Listing Updated: October 6, 2026 at 7:46:00 AM PDT