18515 Underwood Avenue Cleveland, OH $ 315,000
18515 Underwood Avenue
$ 315,000
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18515 Underwood Avenue

Cleveland, OH, 44119
$ 315,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,940

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Commercial Property for sale in Cleveland, OH

for $315,000. This building was built in 1900 on a lot size of 0.253.

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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Commercial Active

Price

$ 315,000

Property Type

Commercial

Taxes

$ 5,021

Style

Lot Size

0.253

Year Built

1900

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5206020

Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Central Air
Possession Delivery Of Deed
Year Built 1900
Township Cleveland
Property Subtype Office
Tax Year 2025
Current Use Mixed Use Office Residential Single Family
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name Berwick 03
Status Active
Directions Turn east off E185 @ the BP/7-11. Parking in the front is limited street parking available large parking lot in rear of buildings.
City Cleveland
High School District Cleveland Municipal - 1809
Zoning Description See Remarks
Lot Size Units Acres
Tax Annual Amount 5021.98
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Office
Legal Description 14 S/L 1604 TO 1607 ALL 11424043
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Interior
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Water Source Public
Total Parking 13
Lot Size Area 0.253
Lot Size Acres 0.253
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Chassity Miller

Listing Agent

Exp Realty, Llc.

Broker

chassity@octopodallc.com

Email

Affordability Calculator

$2,358
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,940
Monthly Property Taxes
$418
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$315,000 Listed Price

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18515 Underwood Avenue, Cleveland, OH, 44119 is a Commercial Property for sale at $315,000 with a lot size of 0.253. 18515 Underwood Avenue was built in 1900. The property's zip code is 44119 which is in Cleveland, OH