Underwood, IA Retail Properties & Spaces for Sale

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Council Bluffs, IA Crescent, IA Honey Creek, IA Oakland, IA Treynor, IA Missouri Valley, IA Omaha, NE Carter Lake, IA

Updated: Mar 28

Mixed-Use Property with Event Venue

131 3RD Street, Underwood, IA 51576

$320,000

2,268 sqft

2,268‑square‑foot mixed‑use commercial property
Three separate tenants: coffee shop, bakery, and event venue
Coffee shop and bakery buildings constructed in 2022
Event venue occupies a silo built in 2025
Venue accommodates up to 88 people

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Updated: May 9

Underwood Commercial Property For Sale

131 3rd Street, Underwood, IA 51576

Contact for pricing

2,268 sqft

Prime Main Street location in Underwood, Iowa, offering excellent visibility and exposure.
Three separate buildings with potential for up to four individual business spaces, providing flexible use.
Strong income‑generating opportunities for investors or owner‑occupants.
Situated within a well‑established and supportive small‑town business community.
Benefits from consistent traffic and community engagement due to surrounding local businesses.

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See what stands out in Pottawattamie County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 2 Active listings in Underwood, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 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.

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.

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Renovated Retail Building with Freight Elevator

7419 N 30th St, Omaha, NE 68112

Contact for pricing

12,640 sqft

Renovated retail building with freight elevator serving clean, dry lower-level storage and 9'2" ceilings.

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Former Bank Building with Flex Space

20 Pearl Street, Council Bluffs, IA 51503

$439,000

Former bank building with a flexible interior layout for office, retail, or professional service uses.

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NNN Bank Branch with Absolute Lease

43 Scott St, Council Bluffs, IA 51503

Contact for pricing

Fee-simple acquisition of a TS Bank branch on an absolute NNN lease with about 17 years remaining.

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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.

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.

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0.87 Acre Outparcel For Sale

2109 Towne Centre Drive, Bellevue, NE 68123

Contact for pricing

0.87 AC lot

0.87 acre outparcel with great visibility and access.

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LaVista Land For Sale

11535 Virginia Plaza, La Vista, NE 68128

Contact for pricing

1.45 AC lot

Approximately 1.45 acres of land in growing LaVista, Nebraska.

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Commercial Land with Approved Plans

590 S 10th Street, Blair, NE 68008

$350,000

2.43 AC lot

Commercial land with multiple zoning designations and city-approved plans for storefront, office, garage, and warehouse improvements.

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.

BAR, TAVERN

24974 Mulberry Ln, Underwood, IA 51576-3810

Estimated value:

$320,000

2,680 sqft 1.25 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

138 3rd St, Underwood, IA 51576-8015

Estimated value:

$80,000

1,344 sqft 0.08 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

401 2nd Ave, Underwood, IA 51576-5401

Estimated value:

$60,000

2,200 sqft 0.14 AC lot

View details

RESTAURANT

118 3rd St, Underwood, IA 51576-8015

Estimated value:

$165,000

2,484 sqft 0.16 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

24682 Railroad Hwy, Underwood, IA 51576

Estimated value:

$150,000

12.48 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

231 3rd St, Underwood, IA 51576-8017

Estimated value:

$155,000

1,760 sqft 0.16 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

321 Hwy St, Underwood, IA 51576-5023

Estimated value:

$55,000

2,542 sqft 0.29 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

26874 Magnolia Rd, Underwood, IA 51576

Estimated value:

$225,000

7,500 sqft 3.00 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

26325 Magnolia Rd, Underwood, IA 51576-3758

Estimated value:

$27,670,000

385,000 sqft 161.03 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

109 3rd St, Underwood, IA 51576

Unit 3

Estimated value:

$115,000

960 sqft 0.08 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

218 Hwy St, Underwood, IA 51576

Estimated value:

$190,000

2,400 sqft 0.21 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

25103 Railroad Hwy, Underwood, IA 51576

Estimated value:

$260,000

4.92 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

26276 Magnolia Rd, Underwood, IA 51576-3734

Estimated value:

$530,000

26,800 sqft 6.96 AC lot

View details

CONVENIENCE STORE

26551 Magnolia Rd, Underwood, IA 51576-3762

Estimated value:

$310,000

3,769 sqft 3.50 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

701 Hwy St, Underwood, IA 51576-5052

Estimated value:

$420,000

6,000 sqft 8.87 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

210 3rd St, Underwood, IA 51576

Unit 14

Estimated value:

$155,000

3,680 sqft 0.16 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

Underwood, IA 51576

Estimated value:

$220,000

0.08 AC lot

View details

Underwood, IA Retail Properties & Spaces Market Trends and Statistics

Explore 19 retail properties & spaces for sale in Underwood, IA on our real estate platform. These investment opportunities span a total of 4,536 square feet of properties for sale, with an estimated market value of $320,000.

Sale prices for stores in Underwood, IA average $320,000 — 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

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	$330K

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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Underwood, IA Retail Properties & Spaces for Sale

131 3RD Street, Underwood, IA 51576

131 3rd Street, Underwood, IA 51576

Opportunities in Nearby Cities

7419 N 30th St |, Omaha, NE 68112

7419 N 30th St, Omaha, NE 68112

20 Pearl Street, Council Bluffs, IA 51503

43 Scott St, Council Bluffs, IA 51503

Potential Development Sites for Consideration

4115 S 72nd St, Omaha, NE 68104

2109 Towne Centre Drive, Bellevue, NE 68123

11535 Virginia Plaza, La Vista, NE 68128

590 S 10th Street, Blair, NE 68008

Off-Market Properties in Underwood, IA

24974 Mulberry Ln, Underwood, IA 51576-3810

138 3rd St, Underwood, IA 51576-8015

401 2nd Ave, Underwood, IA 51576-5401

118 3rd St, Underwood, IA 51576-8015

24682 Railroad Hwy, Underwood, IA 51576

231 3rd St, Underwood, IA 51576-8017

321 Hwy St, Underwood, IA 51576-5023

26874 Magnolia Rd, Underwood, IA 51576

26325 Magnolia Rd, Underwood, IA 51576-3758

109 3rd St, Underwood, IA 51576

218 Hwy St, Underwood, IA 51576

25103 Railroad Hwy, Underwood, IA 51576

26276 Magnolia Rd, Underwood, IA 51576-3734

26551 Magnolia Rd, Underwood, IA 51576-3762

701 Hwy St, Underwood, IA 51576-5052

210 3rd St, Underwood, IA 51576

Underwood, IA 51576

Underwood, IA Retail Properties & Spaces Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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