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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 Erhard, MN Henning, MN Clitherall, MN Vining, MN

Agricultural Land at Highway Intersection

Updated: Aug 9

Agricultural Land at Highway Intersection

29xxx County Highway 1, Underwood, MN 56586

$299,000

10 acres +/- of agricultural land
Located at the intersection of County Hwy 1 and Hwy 35
Addressed at 29xxx County Highway 1, Underwood, MN 56586
Potential commercial or mixed‑use conversion may require a boundary survey

Country Acreage with Building Potential

Updated: Jun 26

Country Acreage with Building Potential

28015 Redhead Dr, Underwood, MN 56586

$49,900

2.50 AC lot

2.5+/- acre country parcel where you can build your own home and shop
Seller plans to survey the land at their cost
Located about 3 miles to Otter Tail Lake
Taxes are an estimate since the land will be split up and refigured
Seller also offers a nearby 2.5‑acre tract with about 2/3 woods on Hwy 1 for $59,000

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 48 Potential Opportunities for your consideration. Besides 2 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.

Flex Space with Shop and Offices

Flex Space with Shop and Offices

3327 E Fir Ave, Fergus Falls, MN 56537

$899,900

4,200 sqft

Versatile commercial property combines professional offices, attached living quarters, substantial shop space, and paved parking.

Flex Property with Shop Building

Flex Property with Shop Building

3327 E Fir Avenue, Fergus Falls, MN 56537

$899,900

2.28 AC lot

Office areas, attached living quarters, garage capacity, and paved parking accommodate a range of commercial operations.

Motel with Attached RV Park

Motel with Attached RV Park

102 Glenhaven Dr, Battle Lake, MN 56515

$1,250,000

5,312 sqft

Rebuilt lodging property combines updated guest rooms, seasonal RV sites, and a separate lodge with guest amenities.

Commercial Land Parcel

Commercial Land Parcel

27102 STATE HWY 78, Battle Lake, MN 56515

Contact for pricing

22.00 AC lot

Approximately 22-acre commercial parcel available for sale on State Highway 78 in Battle Lake, MN.

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

Estimated value:

$260,000

4,620 sqft 2.50 AC lot

26820 State Hwy 210

APARTMENT HOUSE (5+ UNITS)

26820 State Hwy 210, Underwood, MN 56586-9503

Estimated value:

$190,000

672 sqft 31.25 AC lot

29338 State Hwy 210

COMMERCIAL (GENERAL)

29338 State Hwy 210, Underwood, MN 56586-9600

Estimated value:

$315,000

3,040 sqft 27.40 AC lot

107 Shr Dr

COMMERCIAL (GENERAL)

107 Shr Dr, Underwood, MN 56586

Estimated value:

$260,000

2,400 sqft

31449 Shady Nook Dr

INDUSTRIAL (GENERAL)

31449 Shady Nook Dr, Underwood, MN 56586

Estimated value:

$185,000

4,080 sqft 5.77 AC lot

110 Main S St

COMMERCIAL (GENERAL)

110 Main S St, Underwood, MN 56586

Estimated value:

$265,000

4,940 sqft

114 Main S St

COMMERCIAL (GENERAL)

114 Main S St, Underwood, MN 56586

Estimated value:

$75,000

660 sqft

121 Main S St

COMMERCIAL (GENERAL)

121 Main S St, Underwood, MN 56586

Estimated value:

$175,000

1,653 sqft

100 Main N St

COMMERCIAL (GENERAL)

100 Main N St, Underwood, MN 56586

Estimated value:

$340,000

28,616 sqft

103 Main N St

COMMERCIAL (GENERAL)

103 Main N St, Underwood, MN 56586

Estimated value:

$275,000

10,000 sqft

101 Main S St

COMMERCIAL (GENERAL)

101 Main S St, Underwood, MN 56586-7000

Estimated value:

$250,000

1,564 sqft

113 Main S St

COMMERCIAL (GENERAL)

113 Main S St, Underwood, MN 56586-9998

Estimated value:

$240,000

1,560 sqft

201 Main S St

COMMERCIAL (GENERAL)

201 Main S St, Underwood, MN 56586

Estimated value:

$160,000

1,434 sqft

107 Main S St

COMMERCIAL (GENERAL)

107 Main S St, Underwood, MN 56586

Estimated value:

$255,000

2,400 sqft

116 Main S St

COMMERCIAL (GENERAL)

116 Main S St, Underwood, MN 56586

Estimated value:

No data

115 Main N St

COMMERCIAL (GENERAL)

115 Main N St, Underwood, MN 56586

Estimated value:

$265,000

2,856 sqft

106 Highland E Ave

COMMERCIAL (GENERAL)

106 Highland E Ave, Underwood, MN 56586-7012

Estimated value:

$140,000

1,500 sqft

404 Frontage W Ave

INDUSTRIAL (GENERAL)

404 Frontage W Ave, Underwood, MN 56586

Estimated value:

$280,000

2,496 sqft 0.41 AC lot

408 Frontage W Ave

COMMERCIAL (GENERAL)

408 Frontage W Ave, Underwood, MN 56586-7216

Estimated value:

$230,000

3,365 sqft 0.36 AC lot

304 Frontage W Ave

COMMERCIAL (GENERAL)

304 Frontage W Ave, Underwood, MN 56586-7211

Estimated value:

$110,000

1,120 sqft

502 Frontage W Ave

COMMERCIAL (GENERAL)

502 Frontage W Ave, Underwood, MN 56586-7217

Estimated value:

$275,000

4,260 sqft 1.44 AC lot

312 Frontage W Ave

COMMERCIAL (GENERAL)

312 Frontage W Ave, Underwood, MN 56586-7211

Estimated value:

$180,000

1,140 sqft

Underwood, MN Commercial Real Estate Market Trends and Statistics

Explore 44 commercial real estate for sale in Underwood, MN on our real estate platform.

Sale prices for business properties in Underwood, MN start at $49,900, averaging $174,450, and reaching up to $299,000 — 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	$174.5K

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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