18515 Underwood Avenue Cleveland, OH 44119

18515 Underwood Avenue, Cleveland, OH, 44119

$315,000

For Sale

$315,000

Two fully renovated buildings offer a vacant flexible-use office/clinic space plus a partially leased multi-tenant office setup.

Property Size4,350 SF

Price / SF$72.41

AddedFeb 28

Days on Market138

Last RefreshJul 15 at 9:01 pm

Property Features for 18515 Underwood Avenue

General Information

Standard status: Active
Size: 4,350 SF
Property subtype: Office

Building Details

Year Built: 1900

Listing office EXP Realty, LLC.

Listing date Feb 28, 2026

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC.

Investment Insights

Based on property information with market context.

18515 Underwood Avenue presents a fully renovated mixed-use property consisting of two buildings on a single parcel. One building, 18515, is a separate single-tenant, two-story structure with space across the first and second floors and is currently vacant. The most recent rent referenced for this building was $2,550 per month. Under the Residence-Office District zoning, the vacant building allows flexibility for use as a residential rental, professional office, or a medical/clinic operation.

The second building, 18519, is a two-story multi-tenant office building 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, and five remain available at published asking rates. The combined property is sold with 13–15 on-site surface parking spaces.

This offering can fit an owner-operator who occupies the vacant building while collecting income from the leased offices in the other building, or an investor looking for a turnkey office arrangement with existing occupancy. The combination of renovated space, multiple office configurations, and on-site parking supports a range of professional tenant and clinic use cases consistent with the stated Residence-Office District zoning.

Key Highlights

Two fully renovated buildings on one parcel total ±4,350 GSF in Cleveland’s North Collinwood neighborhood.
18519 Underwood: two‑story multi‑tenant office building with ±2,800 GSF, 10 individual offices, shared kitchen, and shared conference room (lower level).
18519 Underwood: 5 offices currently leased on gross terms; 5 offices remain available at published asking rates.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

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For sale
Office buildings
OH
Cleveland
44119
18515 Underwood Avenue

What type of property is this?

Office building - Two fully renovated buildings offer a vacant flexible-use office/clinic space plus a partially leased multi-tenant office setup.

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: Two fully renovated buildings on one parcel total ±4,350 GSF in Cleveland’s North Collinwood neighborhood.; 18519 Underwood: two‑story multi‑tenant office building with ±2,800 GSF, 10 individual offices, shared kitchen, and shared conference room (lower level).; 18519 Underwood: 5 offices currently leased on gross terms; 5 offices remain available at published asking rates.