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    Underwood, IA
    Retail

    Underwood, IA Retail Properties & Spaces for Sale

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

    131 3RD Street, Underwood, IA 51576

    $330,000
    2,268 sqft
    Commercial property on Main Street in Underwood, Iowa, with three separate buildings for up to four business spaces
    Up to four individual business spaces offer flexibility for multiple uses or income opportunities
    Cooling provided via ductless system
    Roof features include metal and flat roofing
    Year built: 2022
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    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
    Underwood Commercial Property For Sale
    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.
    View details
    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.

    Freestanding Retail Building in Omaha
    Freestanding Retail Building in Omaha

    8404 North 30th Street, Omaha, NE 68112

    $2,799,000
    15,672 sqft

    Single-story building in Omaha's Florence neighborhood, ready for occupancy.

    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
    Industrial Warehouse For Sale
    Industrial Warehouse For Sale

    2917 W Broadway, Council Bluffs, IA 51501

    Contact for pricing
    23,612 sqft

    Industrial warehouse totaling 23,612 SF, available for sale.

    View details
    Grocery Anchor Supermarket
    Grocery Anchor Supermarket

    1801 Valley View Dr, Council Bluffs, IA 51503

    Contact for pricing

    Family Fare Supermarket is positioned adjacent to I-80 and across from a new Menards development site.

    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
    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
    0.87 Acre Outparcel For Sale
    0.87 Acre Outparcel For Sale

    2109 Towne Centre Dr, Bellevue, NE 68123

    Contact for pricing
    0.87 AC lot

    0.87 acre outparcel with great visibility and access.

    View details
    Tower District Flat Lot Available
    Tower District Flat Lot Available

    47 Village Ct, Omaha, NE 68144

    $75,000

    Large flat lot in a walkable mixed-use community.

    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.

    24974 Mulberry Ln
    BAR, TAVERN

    24974 Mulberry Ln, Underwood, IA 51576-3810

    Value Estimation by Request
    2,680 sqft 1.25 AC lot
    View details
    138 3rd St
    RETAIL STORES (PERSONAL SERVICES)

    138 3rd St, Underwood, IA 51576-8015

    Value Estimation by Request
    1,344 sqft 0.08 AC lot
    View details
    401 2nd Ave
    RETAIL STORES (PERSONAL SERVICES)

    401 2nd Ave, Underwood, IA 51576-5401

    Value Estimation by Request
    2,200 sqft 0.14 AC lot
    View details
    118 3rd St
    RESTAURANT

    118 3rd St, Underwood, IA 51576-8015

    Value Estimation by Request
    2,484 sqft 0.16 AC lot
    View details
    24682 Railroad Hwy
    RETAIL STORES (PERSONAL SERVICES)

    24682 Railroad Hwy, Underwood, IA 51576

    Value Estimation by Request
    12.48 AC lot
    View details
    231 3rd St
    RETAIL STORES (PERSONAL SERVICES)

    231 3rd St, Underwood, IA 51576-8017

    Value Estimation by Request
    1,760 sqft 0.16 AC lot
    View details
    321 Hwy St
    RETAIL STORES (PERSONAL SERVICES)

    321 Hwy St, Underwood, IA 51576-5023

    Value Estimation by Request
    2,542 sqft 0.29 AC lot
    View details
    26874 Magnolia Rd
    RETAIL STORES (PERSONAL SERVICES)

    26874 Magnolia Rd, Underwood, IA 51576

    Value Estimation by Request
    7,500 sqft 3.00 AC lot
    View details
    26325 Magnolia Rd
    RETAIL STORES (PERSONAL SERVICES)

    26325 Magnolia Rd, Underwood, IA 51576-3758

    $27,670,000
    Estimated value
    385,000 sqft 161.03 AC lot
    View details
    109 3rd St, Unit 3
    RETAIL STORES (PERSONAL SERVICES)

    109 3rd St, Underwood, IA 51576

    Unit 3
    Value Estimation by Request
    960 sqft 0.08 AC lot
    View details
    218 Hwy St
    RETAIL STORES (PERSONAL SERVICES)

    218 Hwy St, Underwood, IA 51576

    Value Estimation by Request
    2,400 sqft 0.21 AC lot
    View details
    25103 Railroad Hwy
    RETAIL STORES (PERSONAL SERVICES)

    25103 Railroad Hwy, Underwood, IA 51576

    Value Estimation by Request
    4.92 AC lot
    View details
    26276 Magnolia Rd
    RETAIL STORES (PERSONAL SERVICES)

    26276 Magnolia Rd, Underwood, IA 51576-3734

    $695,000
    Estimated value
    26,800 sqft 6.96 AC lot
    View details
    26551 Magnolia Rd
    CONVENIENCE STORE

    26551 Magnolia Rd, Underwood, IA 51576-3762

    Value Estimation by Request
    3,769 sqft 3.50 AC lot
    View details
    701 Hwy St
    RETAIL STORES (PERSONAL SERVICES)

    701 Hwy St, Underwood, IA 51576-5052

    Value Estimation by Request
    6,000 sqft 8.87 AC lot
    View details
    210 3rd St, Unit 14
    RETAIL STORES (PERSONAL SERVICES)

    210 3rd St, Underwood, IA 51576

    Unit 14
    Value Estimation by Request
    3,680 sqft 0.16 AC lot
    View details
    Underwood, IA 51576
    RETAIL STORES (PERSONAL SERVICES)

    Underwood, IA 51576

    Value Estimation by Request
    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 $330,000.

    Sale prices for stores in Underwood, IA average $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

    Storefront properties 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 $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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