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Underwood, MN

Underwood, MN Commercial Real Estate for Sale

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Battle Lake, MN Dalton, MN Fergus Falls, MN Dent, MN Richville, MN Clitherall, MN Henning, MN Ottertail, MN

Waterfront Peninsula with Boathouse

Updated: May 28

Waterfront Peninsula with Boathouse

26373 Anna Lake Rd, Underwood, MN 56586

$495,000

3.23 AC lot

3.23‑acre gated peninsula with high ground about 20' above the water line in Ottertail County
Rustic summer cabin with approved permit to remove and replace, with option for moderate variance; sealed septic tank permit included
Utilities: 200 amp electric service to the cabin and 100 amp electric to the boathouse
Boathouse measures 14' x 35' with 10" concrete block walls and a 4" concrete roof supported by steel beams
Deep‑water well with hand pump and 4" casing that accepts an electric submersible pump; clear water reported

Rural Office Building Opportunity

Updated: Apr 11

Rural Office Building Opportunity

115 N Main Street, Underwood, MN 56586

Contact for pricing

2,800 sqft

For‑sale office complex with 2,800 sq ft currently rented
Can be used for an office rental setup or for running a business from the complex

Country Acreage with Building Potential

Country Acreage with Building Potential

28015 Redhead Dr, Underwood, MN 56586

$59,900

2.50 AC lot

2.5+- acre parcel is offered for sale, with seller surveying planned at their cost.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 49 Potential Opportunities for your consideration. Besides 3 Active listings in Underwood, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 42 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.

Historic Mixed-Use Property

Historic Mixed-Use Property

102 W Summit Street, Battle Lake, MN 56515

$329,900

3,010 sqft

Updated commercial property with distinctive architectural details, natural light, and flexible retail or office use potential.

Multi-Use Commercial Building

Multi-Use Commercial Building

112 W Main St, Battle Lake, MN 56515

$359,000

10,000 sqft

Well-maintained commercial building with elevator access, new roof, kitchen, meeting spaces, offices, and off-street parking.

Drive-Through Retail Restaurant Building

Drive-Through Retail Restaurant Building

1109 Pebble Lake Road, Fergus Falls, MN 56537

$475,000

0.63 AC lot

Vacant 2012-built building with a drive-thru and 33 parking spaces on a 0.63-acre lot.

Healthcare Facility and Wellness Building

Healthcare Facility and Wellness Building

394 Woodland Dr, Fergus Falls, MN 56537

$3,775,000

Large assisted-living style building with spa, commercial kitchen, and private rooms on a sizable lot.

Off-Market Properties in Underwood, MN

Consider similar Off-Market properties in Underwood, MN. 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.

29346 State Hwy 210

COMMERCIAL (GENERAL)

29346 State Hwy 210, Underwood, MN 56586-9600

$260,000

Estimated value

4,620 sqft 2.50 AC lot

26820 State Hwy 210

APARTMENT HOUSE (5+ UNITS)

26820 State Hwy 210, Underwood, MN 56586-9503

$190,000

Estimated value

672 sqft 31.25 AC lot

29338 State Hwy 210

COMMERCIAL (GENERAL)

29338 State Hwy 210, Underwood, MN 56586-9600

$315,000

Estimated value

3,040 sqft 27.40 AC lot

107 Shr Dr

COMMERCIAL (GENERAL)

107 Shr Dr, Underwood, MN 56586

$260,000

Estimated value

2,400 sqft

31449 Shady Nook Dr

INDUSTRIAL (GENERAL)

31449 Shady Nook Dr, Underwood, MN 56586

$185,000

Estimated value

4,080 sqft 5.77 AC lot

110 Main S St

COMMERCIAL (GENERAL)

110 Main S St, Underwood, MN 56586

$265,000

Estimated value

4,940 sqft

114 Main S St

COMMERCIAL (GENERAL)

114 Main S St, Underwood, MN 56586

$75,000

Estimated value

660 sqft

121 Main S St

COMMERCIAL (GENERAL)

121 Main S St, Underwood, MN 56586

$175,000

Estimated value

1,653 sqft

100 Main N St

COMMERCIAL (GENERAL)

100 Main N St, Underwood, MN 56586

$340,000

Estimated value

28,616 sqft

103 Main N St

COMMERCIAL (GENERAL)

103 Main N St, Underwood, MN 56586

$275,000

Estimated value

10,000 sqft

101 Main S St

COMMERCIAL (GENERAL)

101 Main S St, Underwood, MN 56586-7000

$250,000

Estimated value

1,564 sqft

113 Main S St

COMMERCIAL (GENERAL)

113 Main S St, Underwood, MN 56586-9998

$240,000

Estimated value

1,560 sqft

201 Main S St

COMMERCIAL (GENERAL)

201 Main S St, Underwood, MN 56586

$160,000

Estimated value

1,434 sqft

107 Main S St

COMMERCIAL (GENERAL)

107 Main S St, Underwood, MN 56586

$255,000

Estimated value

2,400 sqft

116 Main S St

COMMERCIAL (GENERAL)

116 Main S St, Underwood, MN 56586

Value Estimation by Request

115 Main N St

COMMERCIAL (GENERAL)

115 Main N St, Underwood, MN 56586

$265,000

Estimated value

2,856 sqft

106 Highland E Ave

COMMERCIAL (GENERAL)

106 Highland E Ave, Underwood, MN 56586-7012

$140,000

Estimated value

1,500 sqft

404 Frontage W Ave

INDUSTRIAL (GENERAL)

404 Frontage W Ave, Underwood, MN 56586

$280,000

Estimated value

2,496 sqft 0.41 AC lot

408 Frontage W Ave

COMMERCIAL (GENERAL)

408 Frontage W Ave, Underwood, MN 56586-7216

$230,000

Estimated value

3,365 sqft 0.36 AC lot

304 Frontage W Ave

COMMERCIAL (GENERAL)

304 Frontage W Ave, Underwood, MN 56586-7211

$110,000

Estimated value

1,120 sqft

502 Frontage W Ave

COMMERCIAL (GENERAL)

502 Frontage W Ave, Underwood, MN 56586-7217

$275,000

Estimated value

4,260 sqft 1.44 AC lot

Underwood, MN Commercial Real Estate Market Trends and Statistics

Explore 45 commercial real estate for sale in Underwood, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,800 square feet of properties for sale, with an estimated market value of $554,900.

Sale prices for business properties in Underwood, MN start at $59,900, averaging $277,450, and reaching up to $495,000 — 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 1,798

Population Growth (5Y) -6.7%

Median Household Income $82,333

College Educated 34.6%

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
56586	$495K

Taxes & Financing

Tax Rate (average for all types) 1.80%

Property Tax per SF $14.83 per SF

Tax Rate vs County Average 0.47 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Otter Tail County

New Delisted

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