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    Underwood, IA Commercial Real Estate for Sale

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    Council Bluffs, IA Treynor, IA Shelby, IA
    6 listings
    Underwood Commercial Property For Sale
    $365,000
    2,268 SF
    Underwood Commercial Property For Sale

    131 3RD Street, Underwood, IA 51576

    Commercial property in Underwood, Iowa with multiple buildings and spaces.
    • Prime Main Street location in Underwood, Iowa, offering excellent visibility and exposure.
    • Three separate buildings with potential for up to four individual business spaces.
    • Versatile property suitable for retail, office, or service‑based operations.
    • Located within a well‑established and supportive small‑town business community.
    • New construction: Built in 2022.
    Updated: Mar 28
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    Underwood Motel & Extended Stay
    $1,200,000
    12,770 SF
    Underwood Motel & Extended Stay

    26553 Magnolia Road, Underwood, IA 51576

    34-unit motel off I-80 in Underwood, Iowa.
    • Prime location adjacent to I‑80 (Exit 17) with high visibility and accessibility.
    • Only one of two motels/hotels within a 13‑mile radius, minimizing competition.
    • Recent renovations in 2024 and extensive capital improvements enhance property value and appeal.
    • 34 rooms including 9 extended stay suites with full kitchens, catering to diverse traveler needs.
    • Proximity to demand generators including I‑80 traffic, casinos, Jack Links plant, and Omaha attractions.
    Updated: Mar 25
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    Underwood Motel Near I-80
    $550,000
    7,752 SF
    Underwood Motel Near I-80

    21-unit motel with manager's apartment near I-80.

    24936 Mulberry Lane, Underwood, IA 51576

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    Underwood Commercial Property For Sale
    $365,000
    2,268 SF
    Underwood Commercial Property For Sale

    Commercial property with multiple buildings and business space potential.

    131 3rd Street, Underwood, IA 51576

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    Underwood Land I-80 Access
    $5,500,000
    Underwood Land I-80 Access

    Large commercial/industrial land tract with I-80 access.

    105.56 AC Magnolia Rd, Underwood, IA 51576

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    Former Bank Building For Sale
    $65,000
    1,200 SF
    Former Bank Building For Sale

    1,200 SF well-maintained building on 0.29 acres.

    321 Highway St, Underwood, IA

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    Based on your search, we've compiled 72 Potential Opportunities for your consideration. Besides 6 Active listings in Underwood, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Council Bluffs Mixed-Use Property
    $225,000
    3,976 SF
    Council Bluffs Mixed-Use Property

    Commercial space with two apartments, all currently rented.

    519 S MAIN Street, Council Bluffs, IA 51503

    View details
    Multi-Tenant Commercial Building with Upside
    $3,330,000
    35,002 SF
    Multi-Tenant Commercial Building with Upside

    35,002 SF multi-tenant building with income and growth potential.

    7 S 4th Street, Council Bluffs, IA 51503

    View details
    Retail Space in Education Hub
    $1,641,424
    2,160 SF
    Retail Space in Education Hub

    Retail space for sale in a strategic location.

    2810 W Broadway, Council Bluffs, IA 51501

    View details
    Historic Senior Living Community
    $2,950,000
    63,097 SF
    Historic Senior Living Community

    36-unit independent senior living community in Council Bluffs, Iowa.

    25 Linden Ave S, Council Bluffs, IA 51503

    View details

    Off-Market Properties in Underwood, IA

    Consider similar Off-Market properties in Underwood, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    131 3rd St
    COMMERCIAL (GENERAL)
    Lot: 0.16 Acres

    131 3rd St, Underwood, IA 51576-8014

    View details
    24974 Mulberry Ln
    BAR, TAVERN
    2,680 SF Lot: 1.25 Acres
    Value Estimation by Request

    24974 Mulberry Ln, Underwood, IA 51576-3810

    View details
    138 3rd St
    RETAIL STORES (PERSONAL SERVICES)
    1,344 SF Lot: 0.08 Acres
    Value Estimation by Request

    138 3rd St, Underwood, IA 51576-8015

    View details
    231 2nd Ave
    MINI-WAREHOUSE, STORAGE
    3,080 SF Lot: 0.08 Acres
    Value Estimation by Request

    231 2nd Ave, Underwood, IA 51576

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    401 2nd Ave
    RETAIL STORES (PERSONAL SERVICES)
    2,200 SF Lot: 0.14 Acres
    Value Estimation by Request

    401 2nd Ave, Underwood, IA 51576-5401

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    118 3rd St
    RESTAURANT
    2,484 SF Lot: 0.16 Acres
    Value Estimation by Request

    118 3rd St, Underwood, IA 51576-8015

    View details
    24682 Railroad Hwy
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 12.48 Acres
    Value Estimation by Request

    24682 Railroad Hwy, Underwood, IA 51576

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    231 3rd St
    RETAIL STORES (PERSONAL SERVICES)
    1,760 SF Lot: 0.16 Acres
    Value Estimation by Request

    231 3rd St, Underwood, IA 51576-8017

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    Underwood, IA 51576
    COMMERCIAL (GENERAL)
    Lot: 0.08 Acres
    Value Estimation by Request

    Underwood, IA 51576

    View details
    111 3rd St
    WAREHOUSE, STORAGE
    4,224 SF Lot: 0.16 Acres
    Value Estimation by Request

    111 3rd St, Underwood, IA 51576

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    321 Hwy St
    RETAIL STORES (PERSONAL SERVICES)
    2,542 SF Lot: 0.29 Acres

    321 Hwy St, Underwood, IA 51576-5023

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    Underwood, IA 51576
    COMMERCIAL (GENERAL)
    Lot: 0.21 Acres
    Value Estimation by Request

    Underwood, IA 51576

    View details
    130 2nd St
    COMMERCIAL (GENERAL)
    940 SF Lot: 0.16 Acres
    Value Estimation by Request

    130 2nd St, Underwood, IA 51576-8036

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    142 3rd St
    COMMERCIAL (GENERAL)
    1,420 SF Lot: 0.08 Acres
    Value Estimation by Request

    142 3rd St, Underwood, IA 51576-8015

    View details
    216 Hwy St
    WAREHOUSE, STORAGE
    2,240 SF Lot: 0.19 Acres
    Value Estimation by Request

    216 Hwy St, Underwood, IA 51576

    View details
    26874 Magnolia Rd
    RETAIL STORES (PERSONAL SERVICES)
    7,500 SF Lot: 3.00 Acres
    Value Estimation by Request

    26874 Magnolia Rd, Underwood, IA 51576

    View details
    Underwood, IA 51576
    COMMERCIAL (GENERAL)
    Lot: 0.43 Acres
    Value Estimation by Request

    Underwood, IA 51576

    View details
    26325 Magnolia Rd
    RETAIL STORES (PERSONAL SERVICES)
    385,000 SF Lot: 161.03 Acres
    Estimated value
    $27,670,000

    26325 Magnolia Rd, Underwood, IA 51576-3758

    View details

    Underwood, IA Commercial Real Estate Investment Opportunities Market Analysis

    Explore 68 commercial real estate for sale in Underwood, IA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 26,258 square feet of properties for sale, with an estimated market value of $2,545,000.

    Sale prices for business properties in Underwood, IA start at $65,000, averaging $509,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 1,890
    Population Growth (5Y) -9.1%
    Median Household Income $107,679
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Underwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    51576 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.32%
    Property Tax per SF $53.78 per SF
    Tax Rate vs County Average 1.70 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pottawattamie County

    New Delisted

    Total CRE Inventory on Market (SF)

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