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Shaker Medical Building 11710 Shaker Blvd 21,900 SF 100% Leased Office Building Cleveland, OH 44120 For Sale
Investment Highlights
- By-right multifamily: zoning counsel opinion in hand; apartments expressly permitted (C.C.O. §337.10(a) with no rezoning and no Planning Commission.
- Historic tax-credit pathway: former Shaker Medical Center Hospital; National Register preliminary questionnaire.
- RTA Blue and Green Lines at the E. 116th/St. Luke’s station in the Shaker Blvd to Tower City and downtown.
- Plans convey: 40-unit furnished co-living scheme plus a full one-bedroom conversion set; prior concept penciled.
- Delivered vacant: demising walls and finishes removed.
- Minutes to Cleveland Clinic, University Hospitals and University Circle; Shaker Square Historic District immediately east.
Executive Summary
The Former Shaker Medical Center Hospital, Delivered Vacant with Plans, Zoning and Tax-Credit Pathway.
Excellent for nonprofit, adult or childcare, office, medical, or pursue a clear pathway to residential conversion. Zoning counsel has confirmed in writing that apartments are an expressly permitted use under C.C.O. §337.10(a). No rezoning, and as a renovation, no Planning Commission approval. Two complete architectural conversion sets convey: a 40-unit furnished co-living scheme and a full one-bedroom layout. The structure is hospital-grade: steel frame and concrete, brick, ±6,800 SF floor plates, interiors already cleared to the structure and delivered 100% vacant. Out front, the Blue and Green Line rapid sits in the Shaker Blvd median, a one-seat ride to Tower City. Shaker Square is just east, University Circle minutes north. A National Register questionnaire filed with Ohio SHPO opens the historic tax-credit stack.
Call or Text Cole Kroneker (216) 302-4338.
Excellent for nonprofit, adult or childcare, office, medical, or pursue a clear pathway to residential conversion. Zoning counsel has confirmed in writing that apartments are an expressly permitted use under C.C.O. §337.10(a). No rezoning, and as a renovation, no Planning Commission approval. Two complete architectural conversion sets convey: a 40-unit furnished co-living scheme and a full one-bedroom layout. The structure is hospital-grade: steel frame and concrete, brick, ±6,800 SF floor plates, interiors already cleared to the structure and delivered 100% vacant. Out front, the Blue and Green Line rapid sits in the Shaker Blvd median, a one-seat ride to Tower City. Shaker Square is just east, University Circle minutes north. A National Register questionnaire filed with Ohio SHPO opens the historic tax-credit stack.
Call or Text Cole Kroneker (216) 302-4338.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
21,900 SF
Building Class
C
Year Built
1950
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,300 SF
Building FAR
0.50
Lot Size
1.00 AC
Zoning
Residance Office - District C
Parking
50 Spaces (2.28 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 129-08-101 | Improvements Assessment | $17,325 |
| Land Assessment | $22,330 | Total Assessment | $39,655 |
Property Taxes
Parcel Number
129-08-101
Land Assessment
$22,330
Improvements Assessment
$17,325
Total Assessment
$39,655
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