Two-building mixed-use property

For Sale

18515 Underwood Ave, Cleveland, OH 44119

This Cleveland property for sale is located at 18515 Underwood Ave. The general use of Two-building mixed-use property is office and it incorporates 5,668 square feet of class C office space. The current listed sale price for Two-building mixed-use property is $315,000. Two-building mixed-use property is situated on a lot that is 0.25 acre in size.

Contacts

Kas Filippova

eXp Commercial

Property Details

  • Property Type Office - General Office
  • Property Size 5,668 SF
  • Units 10
  • Lot Size 0.25 Acre
  • Building Class C
  • Year Built 1930
  • Year Renovated 2024
  • Date Updated May 11, 2026
Located in Cleveland's North Collinwood neighborhood on the city's east side, 18515 Underwood Avenue offers direct access to Interstate 90 within approximately one minute — providing a quick connection to downtown Cleveland (approximately 9–10 miles west) as well as the eastern suburbs of Euclid, Willowick, and beyond. The property sits steps from Lakeshore Boulevard, the primary east-west arterial along Cleveland's lakefront, and within a short drive of major arterials including Neff Road (104,112 VPD) and Villaview Road (17,215 VPD). North Collinwood is an established residential and commercial corridor combining single-family housing, professional office, and small commercial uses, supported by ongoing investment along the Lakeshore corridor and proximity to Cleveland's core. Cleveland Lakefront Station is a 16-minute drive; Cleveland-Hopkins International Airport is approximately 35 minutes.18515 Underwood Avenue is a fully renovated mixed-use property comprising two buildings on a single parcel in Cleveland's North Collinwood neighborhood. The property totals ±4,350 GSF and is offered for sale at $315,000. 18519 Underwood is a two-story multi-tenant office building with ±2,800 GSF spread across the main floor and lower level, configured with 10 individual offices, a shared kitchen on the main floor, and a shared conference room on the lower level. Five offices are currently leased on gross terms; five remain available at published asking rates. 18515 Underwood is a separate fully renovated single-tenant building with ±1,550 GSF across the first and second floors. Most recently rented at $2,550 per month, it is currently vacant and offers flexibility for use as a residential rental, professional office, or medical/clinic operation under Residence-Office District zoning. The property is positioned for either an owner-operator who occupies one building while collecting income from the other, or an investor seeking a turnkey cash-flowing asset with lease-up upside. Sold together with 13–15 on-site surface parking spaces.
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Highlights

  • ±4,350 total GSF across both buildings on 0.25 acres
  • 13–15 on-site surface parking spaces (10–12 rear + 3 front)
  • 18515: fully renovated flexible single-tenant building, currently vacant — last rented at $2,550/month
  • 18519 amenities: shared kitchen on main floor, shared conference room on lower level
  • 18519: 10-office multi-tenant office building with 5 tenants in place on gross leases
  • Direct I-90 on-ramp within approximately one minute
  • Five additional offices available at published rates for immediate lease-up upside
  • Owner-operator or investor structure — flexible use across both buildings
  • Residence-Office District zoning supports residential, professional office, and medical/clinic uses
  • Strong area traffic counts: Neff Rd 104K+ VPD, Villaview 17K+ VPD
  • Top-to-bottom renovation completed 2024: new HVAC (2023/2024), 200-amp electrical, plumbing, and roof

Getting around

  • 66/100

    Walk Score ®

  • 41/100

    Transit Score ®

  • 46/100

    Bike Score ®

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Location

  • City Cleveland, OH
  • Neighborhood North Collinwood
  • Zip Code 44119
  • Market Cleveland Akron

Points of Interest

  • Stokes-Windermere Station

    3.90 miles

  • Superior

    4.51 miles

  • Coventry

    6.93 miles

  • Buckeye–Woodhill

    7.63 miles

  • Warrensville–Van Aken

    7.91 miles

  • East 79th

    8.14 miles

  • South Harbor

    8.71 miles

  • East 55th

    8.71 miles

  • East 9th–North Coast

    9.06 miles

  • Cleveland Amtrak

    9.19 miles

  • Sunoco

    0.20 miles

  • Marathon

    0.23 miles

  • Shell

    0.26 miles

  • Speedway

    0.30 miles

  • Gas and Go

    1.50 miles

  • British Petroleum

    1.68 miles

  • Leviton

    4.64 miles

  • ChargePoint

    5.98 miles

  • Tesla Destination Charger

    5.98 miles

  • eVgo

    6.93 miles

  • Temple on the Heights Parking

    4.55 miles

  • Recreation Center parking

    4.56 miles

  • Municipal Lot 11

    4.65 miles

  • Municipal Lot 10

    5.06 miles

  • Municipal Deck 20C

    5.09 miles

  • Municipal Lot 3

    5.09 miles

  • Municipal Lot 24

    5.12 miles

  • Municipal Lot 20

    5.13 miles

  • Boat Trailer Parking

    5.14 miles

  • Municipal Lot 13

    5.14 miles

  • Noble Motel

    2.95 miles

  • Town House Motel

    2.98 miles

  • Econo Lodge Wickliffe - Cleveland East

    3.51 miles

  • Fairbridge Hotel

    3.55 miles

  • Quality Inn Wickliffe

    3.56 miles

  • Mc Call's Motor Inn

    3.65 miles

  • Glidden House

    5.65 miles

  • Courtyard Cleveland University Circle

    5.77 miles

  • Hyatt Place Cleveland/Lyndhurst/Legacy Village

    5.79 miles

  • Holiday Inn

    5.97 miles

  • Save-A-Lot

    0.16 miles

  • Burlington

    2.31 miles

  • ALDI

    2.34 miles

  • Simon's Supermarket

    2.38 miles

  • Dave's Market

    2.44 miles

  • Marc's

    2.63 miles

  • TJ Maxx

    5.07 miles

  • University Square

    5.55 miles

  • Macy's

    5.55 miles

  • Target

    5.56 miles

Contact Listing Broker
Kas Filippova

eXp Commercial

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