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    Underwood, IA Motels for Sale

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    Underwood Motel Near I-80
    Updated: Mar 25
    Underwood Motel Near I-80

    24936 Mulberry Lane, Underwood, IA 51576

    $550,000
    7,752 sqft 1.26 AC lot
    Adjacent to Exit 17 off I‑80, providing convenient access for travelers.
    Only one of two motels/hotels within a 13‑mile radius, reducing competition.
    Includes a two‑story manager's apartment and leasing office.
    All 21 rooms are equipped with refrigerators, microwaves, complimentary Wi‑Fi, and cable TV.
    Located near demand generators such as I‑80 traffic, casinos, golf courses, Jack Links plant, convention centers, concert venues, and Henry Doorly Zoo.
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    This listing looks promising.

    Here's a quick look at some key insights for

    24936 Mulberry Lane, Underwood, IA, 51576

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $671K
      Above asking

    • Property Type

      Hotel/Motel
      Built 1973
    View Property Analytics
    Underwood Motel & Extended Stay
    Updated: Mar 25
    Underwood Motel & Extended Stay

    26553 Magnolia Road, Underwood, IA 51576

    $1,200,000
    12,770 sqft 1.37 AC lot
    Prime location adjacent to I‑80 (Exit 17) with high visibility and accessibility.
    Only one of two motels/hotels within a 13‑mile radius, minimizing competition.
    Recent renovations in 2024 and extensive capital improvements enhance property value and appeal.
    34 rooms including 9 extended stay suites with full kitchens, catering to diverse traveler needs.
    Proximity to demand generators including I‑80 traffic, casinos, Jack Links plant, and Omaha attractions.
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Underwood, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 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.

    34-Unit Budget Inn Motel
    34-Unit Budget Inn Motel

    100 5Th Street, Adair, IA 50002

    $675,000
    6,962 sqft 1.41 AC lot

    34-unit motel property for sale off Interstate 80, offered with furnishings, equipment, and systems included.

    View details
    Operating Motel with Apartment Units
    Operating Motel with Apartment Units

    900 E 7th St, Wayne, NE 68787

    $1,580,000
    13,837 sqft 2.79 AC lot

    Currently operating motel with 23 guest rooms plus 6 on-site apartments on a 2.79+/- acre site with ample parking.

    View details
    Operating Motel with Apartments
    Operating Motel with Apartments

    900 E 7th St, Wayne, NE 68787

    $1,400,000
    2.79 AC lot

    Operating motel offers 23 guest rooms plus six on-site apartments on a 2.79-acre lot.

    View details
    34-Unit Motel Investment
    34-Unit Motel Investment

    100 5Th Street, Adair, IA 50002

    $775,000

    34 well-maintained motel units offered with furnishings and equipment for immediate operation in a high-visibility travel corridor.

    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.

    Commercial-Industrial Land with Utilities
    Commercial-Industrial Land with Utilities

    5241 Oak Crest Hill Rd SE, Hills, IA 52235

    $321,385
    1.24 AC lot

    Fully developed lots with city water and sewer, positioned for commercial and industrial use with highway visibility.

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    Fully-Developed Commercial Land Lot
    Fully-Developed Commercial Land Lot

    5239 Oak Crest Hill Rd SE, Hills, IA 52235

    $323,980
    1.25 AC lot

    Commercially zoned, utility-served lot with strong visibility off Highway 218 for flexible development concepts.

    View details
    Level Development Land
    Level Development Land

    20th Ave NE/Co 57, Benson, MN 56215

    $389,200
    26.12 AC lot

    Primarily level land zoned for urban development, fronting County Road 57 with planned west-side street extensions.

    View details
    Turn-Key Motel with On-Site Office/Retail
    Turn-Key Motel with On-Site Office/Retail

    11451 HWY 64, Lebanon, MO 65536

    $499,900
    7.10 AC lot

    Turn-key 28-unit motel near the state park entrance, remodeled in 2018, plus office/retail and snack bar space.

    View details

    Off-Market Properties in Underwood, IA

    Consider similar Off-Market properties in Underwood, IA. 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.

    26553 Magnolia Rd
    HOTEL/MOTEL

    26553 Magnolia Rd, Underwood, IA 51576-3762

    Value Estimation by Request
    1.37 AC lot
    View details
    24936 Mulberry Ln
    HOTEL/MOTEL

    24936 Mulberry Ln, Underwood, IA 51576-3810

    Value Estimation by Request
    7,152 sqft 1.26 AC lot
    View details

    Underwood, IA Motels Market Trends and Statistics

    Explore 4 motels for sale in Underwood, IA on our real estate platform. These investment opportunities span a total of 20,522 square feet of properties for sale, with an estimated market value of $1,750,000.

    Sale prices for motels in Underwood, IA start at $550,000, averaging $875,000, and reaching up to $1,200,000 — 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

    Motels 2

    Demographics Overview

    Population 1,890
    Population Growth (5Y) -9.1%
    Median Household Income $107,679
    College Educated 42.5%

    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
    51576 $875K

    Taxes & Financing

    Tax Rate (average for all types) 1.32%
    Property Tax per SF $53.78 per SF
    Tax Rate vs County Average 1.70 pp below county avg
    Average Loan-to-Value 65.0%

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