The Shaker Square Historic District became a Shaker Heights Landmark in 1980 and was added to the National Register of Historic Places in 1983. It contains 106 buildings, 72% of which were built between 1920 and 1932. Besides the four commercial buildings that make up the Square, the historic district contains mainly apartment buildings, as well as some duplexes and single-family homes on Ludlow Road.

Since the construction of Shaker Square, Shaker Heights’ zoning restrictions have been eased to allow apartments and shops in a number of areas. Shaker Square, however, remains a popular shopping and dining destination, and the apartment buildings that surround it continue to attract residents.