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    Council Bluffs, IA Treynor, IA Missouri Valley, IA Omaha, NE Shelby, IA Carter Lake, IA Oakland, IA Carson, IA
    Multi-Building Retail and Office Property
    Updated: Mar 28
    Multi-Building Retail and Office Property

    131 3RD Street, Underwood, IA 51576

    $330,000
    2,268 sqft
    Commercial property on Main Street in Underwood, Iowa, with ductless cooling and flat/metal roofing
    Year built: 2022
    Includes three separate buildings with potential for up to four individual business spaces
    Suitable for retail, office, or service‑based operations
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    131 3RD Street, UNDERWOOD, IA 51576

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    • Est. Cap Rate

      6.8%
      Above avg (5.9%)

    • Est. NOI

      $23K
      Annual

    • Price @ 7% Cap

      $321K
      Suggested

    • Property Type

      Commercial (General)
      Built 2022
    View Property Analytics
    Former Bank Building For Sale
    Updated: Dec 7, 2021
    Former Bank Building For Sale

    321 Highway St, Underwood, IA

    $65,000
    1,200 sqft 0.29 AC lot
    Well‑maintained building with generous parking
    1,200 SF Former Bank Building
    Property sits on 0.29 Acres
    Built in 1964
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Underwood, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Downtown Retail/Office Building For Sale
    Downtown Retail/Office Building For Sale

    533 South Main Street, Council Bluffs, IA 51503

    $495,000
    7,596 sqft

    Well-maintained retail/office building in a downtown location.

    View details
    Industrial Flex Maintenance Facility
    Industrial Flex Maintenance Facility

    2104 South 29th Street, Council Bluffs, IA 51501

    $3,950,000
    12,500 sqft

    Newer industrial flex building includes two full-length service bays and a dedicated wash bay on a 5.47-acre paved lot.

    View details
    Renovated Retail/Office Space For Sale
    Renovated Retail/Office Space For Sale

    7419 N 30th St |, Omaha, NE 68112

    $999,000
    12 sqft

    Renovated property with retail/office space and lower level storage.

    View details
    Iconic Building in Old Market
    Iconic Building in Old Market

    406 S 12th St, Omaha, NE

    $4,495,000
    26,144 sqft 0.13 AC lot

    Office building with redevelopment potential in Omaha's Old Market.

    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 Land Near Highway 59
    Commercial Land Near Highway 59

    605 PIONEER Avenue, Oakland, IA 51560

    $95,000
    1.46 AC lot

    Large commercial lot suitable for various development projects.

    View details
    Omaha Acre for Mixed-Use Development
    Omaha Acre for Mixed-Use Development

    720 Pacific St, Omaha, NE 68108

    $1,250,000
    0.99 AC lot

    One acre in Little Italy, suitable for various developments.

    View details
    Corner Lot on High-Traffic Corridors
    Corner Lot on High-Traffic Corridors

    7105 Military Avenue, Omaha, NE 68104

    $659,000
    0.46 AC lot

    Vacant land with high visibility, suitable for retail or office.

    View details
    High-Traffic Corner Vacant Land
    High-Traffic Corner Vacant Land

    4115 S 72nd St, Omaha, NE 68104

    Contact for pricing
    0.91 AC lot

    Vacant land with high visibility, ideal for commercial development.

    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.

    241 3rd St
    OFFICE BUILDING

    241 3rd St, Underwood, IA 51576-8017

    Value Estimation by Request
    0.16 AC lot
    View details

    Underwood, IA Office Spaces Market Trends and Statistics

    Explore 3 office spaces for sale in Underwood, IA on our real estate platform. These investment opportunities span a total of 3,468 square feet of properties for sale, with an estimated market value of $395,000.

    Sale prices for office spaces in Underwood, IA start at $65,000, averaging $197,500, and reaching up to $330,000 — 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

    Office buildings 1
    Office Units 1

    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 $347.5K

    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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