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    Underwood, MN Land for Sale

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    Battle Lake, MN Dalton, MN Fergus Falls, MN
    Maine Twp Land with Frontage
    $149,900
    21.00 Acres
    Maine Twp Land with Frontage

    Underwood, MN 56586

    21-acre land with lake and river frontage.
    • Over 2000' of lake and river frontage
    • Excellent fishing, duck hunting, and deer hunting opportunities
    • River keeps the lake open for late‑season waterfowl hunting
    • Mature trees including ancient oaks, tamaracks and willow
    • Potential camper spot
    Updated: May 15
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    Waterfront Peninsula with Boathouse
    $495,000
    3.23 Acres
    Waterfront Peninsula with Boathouse

    26373 Anna Lake Rd, Underwood, MN 56586

    A gated, high-ground waterfront peninsula with a 14-by-35 boathouse and deep-water dock potential.
    • 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
    Updated: May 28
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    Underwood, MN Wooded Land Parcel
    $35,000
    2.92 Acres
    Underwood, MN Wooded Land Parcel

    Nearly 3-acre wooded parcel south of Underwood, Minnesota.

    Xxxxx German Lake Road, Underwood, MN 56586

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    Wooded Building Lot Near Underwood
    $62,000
    6.40 Acres
    Wooded Building Lot Near Underwood

    6.4 acre wooded lot perfect for building a home.

    Xxxxx Co Hwy 35, Underwood, MN 56586

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 4 Active listings in Underwood, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Lakeshore Recreational Land
    $450,000
    15.42 Acres
    Lakeshore Recreational Land

    Shoreline land with substantial lake frontage and on-site structures for storing gear and hosting weekend stays.

    Battle Lake, MN 56515

    View details
    Stalker Lake Wooded Lakefront Lots
    $325,000
    4.60 Acres
    Stalker Lake Wooded Lakefront Lots

    Two wooded lots on Stalker Lake with 500 feet frontage.

    Battle Lake, MN 56515

    View details
    Spacious Lot Near Fergus Falls
    $52,000
    2.50 Acres
    Spacious Lot Near Fergus Falls

    2.5-acre lot near town with utilities in place.

    Tbd - Lot 11 225th Avenue, Fergus Falls, MN 56537

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    Spacious Land Lot Near Town
    $52,000
    2.50 Acres
    Spacious Land Lot Near Town

    2.5-acre lot near town with utilities for building your dream home.

    Tbd - Lot 12 225th Avenue, Fergus Falls, MN 56537

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    68 Acres Tillable Land For Sale
    $499,000
    68.30 Acres
    68 Acres Tillable Land For Sale

    68 acres of tillable land suitable for multiple uses.

    Saint Johns, MI 48879

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    Underwood, MN Land Market Trends and Statistics

    Explore 4 land for sale in Underwood, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $741,900.

    Sale prices for lots in Underwood, MN start at $35,000, averaging $185,475, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 2
    Waterfront Land 1
    Recreation land 1

    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 $84.6K

    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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