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$289,500
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Property Description
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.
Full Property Details
Full Property Details for 18515 Underwood Ave
General
- Sold For: $289,500
- Taxes: $5,021 (2025)
- Status: Closed
- Type: Office
- Source: 505
- MLS ID: 5206020
- Added to Site: 160 day(s) ago
Parking
- Total Spaces: 13
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Berwick 03
- Driving 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.
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Basement: Yes
- Current Bldg. Use: Mixed Use, Office, Residential, Single Family
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.253
- Lot Size: .253
- Lot Size Source: Assessor
- Zoning: See Remarks
Financial Considerations
- Tax Amount: $5,021.98
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 14 S/L 1604 TO 1607 ALL 11424043
- Property ID: 114-24-042
Listed by EXP Realty, LLC., Chassity Miller
Sold by Non-Member, Non-Member Non-Member
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Schools
Schools serving 18515 Underwood Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Oliver H Perry Elementary School 18400 Schenely Avenue, Cleveland, OH 44119 | PK-8 | 0.5 mi |
Hannah Gibbons-Nottingham Elementary School 1401 Larchmont Road, Cleveland, OH 44110 | PK-8 | 0.7 mi |
Ginn Academy 655 East 162nd Street, Cleveland, OH 44110 | 9-12 | 1.5 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 15.6 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 6.3 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 6.3 mi |
John Hay Early College High School 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 6.3 mi |
Memorial School 410 East 152nd Street, Cleveland, OH 44110 | PK-8 | 1.6 mi |
Euclid Park Elementary School 17914 Euclid Avenue, Cleveland, OH 44112 | PK-8 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18515 Underwood Ave
Date
Details
Price
Change
Source
10/02/2026
Sold
$289,500
-8.1%
MLS
4/30/2026
Listed
$315,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
18515 Underwood Avenue, Loveland, OH 44119 (MLS# 5206020) is a Office property that was sold at $289,500 on October 02, 2026. Want to learn more about 18515 Underwood Avenue? Do you have questions about finding other Office real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

