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Underwood, MN Land for Sale

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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
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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
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Wooded Building Lot Near Underwood
Wooded Building Lot Near Underwood

XXXXX Co Hwy 35, Underwood, MN 56586

$57,500
6.40 AC lot

6.4 acre wooded lot perfect for building a home.

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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.

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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.

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Waterfront Land with Shoreline
Waterfront Land with Shoreline

469 N Shore Dr, Underwood, MN 56586

$125,000

Lakeshore parcel with city sewer and water available within town limits.

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Agricultural Land at Highway Intersection
Agricultural Land at Highway Intersection

29xxx County Highway 1, Underwood, MN 56586

$299,000

Agricultural parcel where two highways meet; commercial or mixed-use conversion may require a boundary survey.

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Land
Land

23925 Norway Lake Road, Underwood, MN 56586

$134,900

Waterfront Land

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Riverfront Residential Land
Riverfront Residential Land

Lot 4 River Pointe Trail, Underwood, MN 56586

$179,000

Waterfront parcel with panoramic river views and shoreline, residential-single-family zoning.

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Country Acreage with Building Potential
Country Acreage with Building Potential

28015 Redhead Dr, Underwood, MN 56586

$49,900
2.50 AC lot

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

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Vacant Land
Vacant Land

20645 Oakdale Rd, Underwood, MN 56586

$85,000

Waterfront Land

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 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.

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.

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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.

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Waterfront Land with Pole Building
Waterfront Land with Pole Building

31281 Brightwood Shore Dr, Dent, MN 56528

$469,900

Level lakefront lot with approximately 235 feet of frontage and an improved 40' x 48' pole building.

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Star Lake Waterfront Land
Star Lake Waterfront Land

365XY Co Hwy 35, Dent, MN 56528

$80,000
0.32 AC lot

Shoreline parcel offering access to lake-based recreation and ownership.

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Underwood, MN Land Market Trends and Statistics

Explore 11 land for sale in Underwood, MN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 1,681,416 square feet of properties for sale, with an estimated market value of $1,780,200.

Sale prices for lots in Underwood, MN start at $35,000, averaging $161,836, 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

Waterfront Land 6
Residential land & home lots 5
Agricultural land / Farmland 2

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 $160K

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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