Listing Agency: Century 21 Vista

Listed By: Tim Moore · License #MN

Source: Crexi

Added: Apr 11 Changed: Jul 21 Last Checked: Jul 31 at 2:56PM

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Investment Insights

Based on property information with market context.

This for-sale office complex at 115 N Main Street in Underwood, Minnesota includes 2,800 square feet and is currently being rented out. The property is positioned for flexible use, either as an office rental arrangement or as space to run a business from within the complex.

The asset is located in rural Minnesota and offered as a commercial real estate opportunity for an owner-operator or an investor seeking an existing rental setup.

If you’re evaluating an office space option with immediate occupancy in place, this property’s current rented status and straightforward office configuration may align with your plans.

Key Highlights

• 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

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Tattoo & Piercing Shop Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Explore this area Business Placement

Demographics for 56586, MN

1,963

Population

1,310

Households

1.5

Avg Household Size

50

Median Age

27%

College-Educated

94%

High-School Grad

73.6 sq mi

ZIP Area

27

Density / Sq Mi

$82,333

Median Household Income

$45,200

Median Earnings

$1,021

Median Rent

$283,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - For-sale office complex with 2,800 square feet currently rented and suited for personal or rental use.

Where is this office units located?

The property is located at 115 N Main Street Underwood, MN.

What are key features of this property?

This property features: 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