Listed by eXp Commercial
$14/SF/YR
18515 UNDERWOOD
Building Details
Property Type Office
Sub Type Medical Office
Tenancy Single
Lease Type Modified Gross
Total Building SqFt 1,550
Year Built 1900
Spaces
Office | Single tenant | 1,550 SqFt
Building description
18515 Underwood Avenue is a fully renovated single-tenant building available for lease at $14 per square foot on a modified gross basis — landlord pays all operating expenses; tenant adds utilities. The two-story building offers a flexible interior layout suitable for residential, professional office, or medical / clinic use under the property's Residence-Office District zoning. The building is currently vacant and delivered move-in ready following a comprehensive top-to-bottom renovation. The property is also available for sale at $315,000 for buyers seeking ownership.
Building highlights
- Fully renovated single-tenant building — available for lease at $14/SF modified gross + utilities
- Also available for sale at $315,000
- ±1,550 GSF across 2 floors — move-in ready, no near-term capital expenditure required
- Flexible interior layout: 1st floor with living/dining/kitchen/2BR/bath; 2nd floor open ±690 SF room
- Residence-Office District zoning supports residential, professional office, and medical/clinic uses
- Top-to-bottom 2024 renovation: new HVAC, electrical, plumbing, flooring, paint, kitchen
- New 96%+ efficiency furnace and 14 SEER Energy Star HVAC system
- Direct I-90 on-ramp access within approximately one minute
- Steps from Lakeshore Boulevard; 9–10 miles to downtown Cleveland via I-90
- Most recently leased as residential at $2,550 / month — strong rental track record
- Surface parking on-site
- Strong area traffic counts: Neff Rd 104K+ VPD, Villaview Rd 17K+ VPD
Listing Contacts
Listed by eXp Commercial
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