Land

Underwood, MN Land for Sale

Notify Me
List
Map
Battle Lake, MN Dalton, MN Fergus Falls, MN Dent, MN Richville, MN Clitherall, MN Henning, MN Ottertail, MN
7 properties
Sort:
Maine Twp Land with Frontage
Updated: May 15
Maine Twp Land with Frontage

290xx County Highway 35, Underwood, MN 56586

$149,900
21.00 AC lot
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
View details
Wooded Residential Land Parcel
Updated: Feb 27
Wooded Residential Land Parcel

XXXXX German Lake Road, Underwood, MN 56586

$35,000
2.92 AC lot
Nearly 3‑acre wooded parcel just south of Underwood
Located along German Lake Road for easy access
Private, natural setting with established trees
Electricity available
View details
Wooded Building Lot Near Underwood
Wooded Building Lot Near Underwood

XXXXX Co Hwy 35, Underwood, MN 56586

$62,000
6.40 AC lot

6.4 acre wooded lot perfect for building a home.

View details
Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Waterfront Peninsula with Boathouse
Waterfront Peninsula with Boathouse

26373 Anna Lake Rd, Underwood, MN 56586

$495,000
3.23 AC lot

A gated, high-ground waterfront peninsula with a 14-by-35 boathouse and deep-water dock potential.

View details
Waterfront Lake Lot with Trails
Waterfront Lake Lot with Trails

19318 308th Ave, Underwood, MN 56586

$170,000
2.55 AC lot

Partially wooded lake lot with 200 feet of lake frontage on Long Lake in Underwood.

View details
Lakefront Residential Lot
Lakefront Residential Lot

463 N Shore Dr, Underwood, MN 56586

$100,000
0.89 AC lot

Residential building lot with 142 feet of shoreline on Bass Lake and city sewer and water available.

View details
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.

View details
Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Underwood, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Waterfront Land with Cabin Teardown
Waterfront Land with Cabin Teardown

23676 Veitenheimer Road, Dalton, MN 56324

$349,900
19.10 AC lot

Over 19 acres with 1,186 feet of North Ten Mile Lake shoreline and an on-site 1940s bunkhouse teardown.

View details
Rural Residential Development Lot
Rural Residential Development Lot

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

$52,000
2.50 AC lot

Build a home or outbuildings on a 2.5-acre residential lot with utilities already available.

View details
Residential 2.5-Acre Building Lot
Residential 2.5-Acre Building Lot

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

$52,000
2.50 AC lot

A rural-style lot with utilities available, providing space to build a home and outbuildings near town.

View details
LAND - Dalton, MN
LAND - Dalton, MN

W Stalker Road lot: 11, Dalton, MN 56324

$125,000
1.39 AC lot

Land · 1.39 Acres

View details

Underwood, MN Land Market Trends and Statistics

Explore 7 land for sale in Underwood, MN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 1,720,184 square feet of properties for sale, with an estimated market value of $1,071,800.

Sale prices for lots in Underwood, MN start at $35,000, averaging $153,114, 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.

List
Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Residential land & home lots 4
Waterfront Land 3
Agricultural land / Farmland 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 $168.7K

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

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings