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Underwood, IA

Retail

Underwood, IA Retail Space for Sale

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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

This listing looks promising.

Here's a quick look at some key insights for

131 3RD Street, UNDERWOOD, IA 51576

View Property Analytics

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

Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 1 Active listings in Underwood, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads, plus 1 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 Mixed-Use Investment Property

Downtown Mixed-Use Investment Property

206 East Erie Street, Missouri Valley, IA 51555

$300,000

Turnkey downtown mixed-use opportunity with leased apartments above and income-producing commercial frontage below.

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.

Historic Downtown Retail Property

Historic Downtown Retail Property

8516 N 30th St, Omaha, NE 68112

$215,000

2,638 sqft

Retail property in Historic Downtown Florence available for sale.

Retail Space Available For Sale

Retail Space Available For Sale

3153 Joliet Ave, Missouri Valley, IA 51555

$300,000

3,976 sqft

Retail space available for sale with 3976 square feet.

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.

Prime PUD-Zoned Land Opportunity

Prime PUD-Zoned Land Opportunity

3229 State Road 207, Elkton, FL 32033

$1,599,000

900 sqft 2.07 AC lot

2.07 acres of PUD-zoned land in a growing corridor.

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.

RETAIL STORES (PERSONAL SERVICES)

138 3rd St, Underwood, IA 51576-8015

Value Estimation by Request

1,344 sqft 0.08 AC lot

RETAIL STORES (PERSONAL SERVICES)

401 2nd Ave, Underwood, IA 51576-5401

Value Estimation by Request

2,200 sqft 0.14 AC lot

24682 Railroad Hwy

RETAIL STORES (PERSONAL SERVICES)

24682 Railroad Hwy, Underwood, IA 51576

Value Estimation by Request

12.48 AC lot

RETAIL STORES (PERSONAL SERVICES)

231 3rd St, Underwood, IA 51576-8017

Value Estimation by Request

1,760 sqft 0.16 AC lot

RETAIL STORES (PERSONAL SERVICES)

321 Hwy St, Underwood, IA 51576-5023

Value Estimation by Request

2,542 sqft 0.29 AC lot

26874 Magnolia Rd

RETAIL STORES (PERSONAL SERVICES)

26874 Magnolia Rd, Underwood, IA 51576

Value Estimation by Request

7,500 sqft 3.00 AC lot

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

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

RETAIL STORES (PERSONAL SERVICES)

218 Hwy St, Underwood, IA 51576

Value Estimation by Request

2,400 sqft 0.21 AC lot

25103 Railroad Hwy

RETAIL STORES (PERSONAL SERVICES)

25103 Railroad Hwy, Underwood, IA 51576

Value Estimation by Request

4.92 AC lot

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

RETAIL STORES (PERSONAL SERVICES)

701 Hwy St, Underwood, IA 51576-5052

Value Estimation by Request

6,000 sqft 8.87 AC lot

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

Underwood, IA 51576

RETAIL STORES (PERSONAL SERVICES)

Underwood, IA 51576

Value Estimation by Request

0.08 AC lot

Underwood, IA Retail Space Market Trends and Statistics

Explore 15 retail space for sale in Underwood, IA on our real estate platform. These investment opportunities span a total of 2,268 square feet of properties for sale, with an estimated market value of $330,000.

Sale prices for retail space in Underwood, IA start at $330,000, averaging $330,000, 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

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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