Masonic Auditorium on the Market Six Months After TempleLive's Closure

The Masonic Auditorium, the red-bricked monster of a building in the center of Midtown, is looking for its next phase — again.

It was put up for sale this week via a listing by brokers at Newmark, Terry Coyne and Richard Sheehan. An asking price wasn’t publicized; the property is “subject to offer.” Messages seeking comment weren’t returned as of Tuesday afternoon.

In September, TempleLive shuttered its operations nationwide, including in Cleveland, just two years after the company injected roughly $8 million into the Masonic’s stages and structure. TempleLive’s founder, Lance Beaty, said afterward that consolidation in ticketing and venue management across the industry were to blame.

“We are simply an outsider in an insider’s business,” Beaty told Talk Business & Politics last year. “No matter how much money you throw at it or how creative you think you are, if you’re not on the inside, you’re not in.”

The century-old Masonic has shuffled through numerous uses since 1921 and isn’t a easy venture for investors.

Renovations in 2018 and 2024 brought facelifts to its stages, a new roof and A/C, an Asylum Room for smaller acts. Conceptual plans to construct a $60 million Dream Hotel hearby on Euclid Ave. fizzled.

Touting recent makeovers, the listing says, “the property offers strong potential for continued entertainment use or redevelopment into luxury residential, hospitality or mixed-use space.”

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