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    Underwood, MN
    Waterfront

    Underwood, MN Waterfront Land for Sale

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    Battle Lake, MN Dalton, MN Fergus Falls, MN Dent, MN Richville, MN Clitherall, MN Henning, MN Ottertail, MN
    Waterfront Peninsula with Boathouse
    Updated: May 28
    Waterfront Peninsula with Boathouse

    26373 Anna Lake Rd, Underwood, MN 56586

    $495,000
    3.23 AC lot
    3.23‑acre gated peninsula with high ground about 20' above the water line in Ottertail County
    Rustic summer cabin with approved permit to remove and replace, with option for moderate variance; sealed septic tank permit included
    Utilities: 200 amp electric service to the cabin and 100 amp electric to the boathouse
    Boathouse measures 14' x 35' with 10" concrete block walls and a 4" concrete roof supported by steel beams
    Deep‑water well with hand pump and 4" casing that accepts an electric submersible pump; clear water reported
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    Waterfront Lake Lot with Trails
    Updated: May 21
    Waterfront Lake Lot with Trails

    19318 308th Ave, Underwood, MN 56586

    $170,000
    2.55 AC lot
    2.55‑acre partially wooded lake lot with 200 ft of lake frontage on Long Lake in Underwood
    Lake lot offers panoramic views with gentle trails leading to the water
    No covenants or restrictions reported
    Long Lake is known for trophy‑size panfish
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    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.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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.

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    Waterfront Land Parcel with 166-Foot Shoreline
    Waterfront Land Parcel with 166-Foot Shoreline

    10847 Bankers Lane, Dalton, MN 56324

    $154,900
    1.16 AC lot

    Wooded lake lot with substantial shoreline and paved, year-round access for a private cabin or build site.

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    Waterfront Land with Pole Building
    Waterfront Land with Pole Building

    31281 Brightwood Shore Dr, Dent, MN 56528

    $479,900

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

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    Waterfront Lake Shore Land
    Waterfront Lake Shore Land

    365XY Co Hwy 35, Dent, MN 56528

    $80,000
    0.32 AC lot

    Build-ready lakefront land with shoreline on Star Lake, offered in conjunction with a nearby private island listing.

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    Underwood, MN Waterfront Land Market Trends and Statistics

    Explore 3 waterfront land for sale in Underwood, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 290,545 square feet of properties for sale, with an estimated market value of $765,000.

    Sale prices for water rights properties in Underwood, MN start at $100,000, averaging $255,000, 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

    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 $255K

    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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