- For Sale $315,000
- 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
Description
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.
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
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Contacts
Kas Filippova
eXp Commercial
Location
Located at 18515 Underwood Ave, Cleveland, OH 44119, this property is part of the North Collinwood neighborhood and Cleveland Akron market.
Contact Listing Broker
Kas Filippova
eXp Commercial