Mixed-Use Office and Residential
18515 Underwood Avenue Cleveland, OH 44119
For Sale
$315,000
SINGLE_FAMILY - Cleveland, OH
Property Size4,350 SF
Lot Size0.25 Acres
Price / SF$72.41
Days on Market89
Property Features for 18515 Underwood Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking
- 13
- Standard status
- Active
- APN
- 114-24-042
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 14 S/L 1604 TO 1607 ALL 11424043
- Tax Annual Amount
- 5022
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Chassity Miller · License #2017005555
(330) 604-2363
Added: Apr 30
Changed: Jun 9
Last Checked: Jul 27 at 4:06AM
MLS# 5206020
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Investment Insights
Based on property information with market context.
18515 and 18519 Underwood Avenue make up a fully renovated mixed-use property on a single parcel. The offering includes two buildings totaling about 4,350 square feet. 18519 Underwood Avenue is a two-story, multi-tenant office building of approximately 2,800 square feet 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, and five additional offices remain available. 18515 Underwood Avenue is a separate, fully renovated single-tenant building of about 1,550 square feet across the first and second floors, currently vacant after its most recent rental of $2,550 per month.
The 18515 building’s use flexibility is supported by Residence-Office District zoning, allowing it to function as a residential rental, a professional office, or a medical/clinic operation. The property is located in Cleveland’s North Collinwood neighborhood and includes 13–15 on-site surface parking spaces shared by the parcel.
This setup can work well for an owner-operator looking to occupy one building while the other generates income. It also fits buyers seeking a turnkey package with an occupied office component alongside a vacant building that may be re-tenanted for office, medical/clinic, or residential rental use under the current zoning.
The 18515 building’s use flexibility is supported by Residence-Office District zoning, allowing it to function as a residential rental, a professional office, or a medical/clinic operation. The property is located in Cleveland’s North Collinwood neighborhood and includes 13–15 on-site surface parking spaces shared by the parcel.
This setup can work well for an owner-operator looking to occupy one building while the other generates income. It also fits buyers seeking a turnkey package with an occupied office component alongside a vacant building that may be re-tenanted for office, medical/clinic, or residential rental use under the current zoning.
Key Highlights
- Mixed‑use property in Cleveland’s North Collinwood with two renovated buildings on a single parcel totaling +/- 4,350 GSF
- 18519 Underwood: +/- 2,800 GSF two‑story multi‑tenant office building with 10 offices, shared kitchen (main), and shared conference room (lower)
- 18519 Underwood leasing: 5 offices currently leased on gross terms; 5 offices available at published asking rates
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two fully renovated buildings offer multi-tenant office space plus a flexible residence-office configuration.
Where is this office building located?
The property is located at 18515 Underwood Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Mixed‑use property in Cleveland’s North Collinwood with two renovated buildings on a single parcel totaling +/- 4,350 GSF; 18519 Underwood: +/- 2,800 GSF two‑story multi‑tenant office building with 10 offices, shared kitchen (main), and shared conference room (lower); 18519 Underwood leasing: 5 offices currently leased on gross terms; 5 offices available at published asking rates
