Residential

Underwood, MN Residential Land & Home Lots for Sale

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Battle Lake, MN Dalton, MN Fergus Falls, MN
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 Land Parcel for Custom Build
Updated: Feb 27
Wooded Land Parcel for Custom Build

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

$62,000
6.40 AC lot

6.4 acre wooded lot perfect for building a home.

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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.

Hunting and Recreation Land
Hunting and Recreation Land

380TH Street, Dent, MN 56528

$294,900
45.00 AC lot

45-acre Northwoods tract with a cleared building site, driveway, and trail system for recreation and private use.

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5-Acre Vacant Lot
5-Acre Vacant Lot

36XXX 395th Street, Dent, MN 56528

$40,000
5.12 AC lot

5-acre vacant lot near Dent, Minnesota.

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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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Underwood, MN Residential Land & Home Lots Market Trends and Statistics

Explore 3 residential land & home lots for sale in Underwood, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $246,900.

Sale prices for home sites in Underwood, MN start at $35,000, averaging $82,300, and reaching up to $149,900 — 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 3
Hunting land 1
Waterfront Land 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 $82.3K

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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