About This Home

This 0-bedroom, 0-bathroom commercial at 131 3RD Street in Underwood, IA is listed for $320,000 ($141 per sqft). Built in 2022, the home offers 2,268 sqft of living space on a N/A lot.

Key Features

  • Built in 2022

Property Details

2022

Amenities

A/C
Listing Description

Excellent opportunity to own a unique commercial property in Underwood, Ia , featuring three seperate rental spaces. Surrounded by existing local businesses, this property benefits from consistent traffic and community engagement. Two rental space buildings were built in 2022 and the Venue is a unique silo that entertains up to 88 people, was built in 2025.

Low maintenance adds to the benifits of owning this investment. Tenants pay all utilities except trash. This unique commercial property presents an exceptional opportunity to own income -producing real estate.

Monthly Cost Estimate

$1,711/mo

20% down · 6.5% · 30 years

Principal$231
Interest$1,387
Insurance$93

Estimates only. Actual payments may vary.

Location

131 3RD Street

Underwood, IA 51576

Property Details

Cooling

Ductless

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 131 3RD Street is listed at $320,000 ($141/sqft). The estimated monthly payment is $1,711 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2022.

This property is listed by Shelly Jager and can be reached at 4026597909.

SJ

Shelly Jager

License S44357000

Agent at Better Homes & Gardens Real Estate The Good Life Group

(402) 659-7909
Agent website

Listed by Better Homes & Gardens Real Estate The Good Life Group · Broker phone: (402) 932-5989 · Broker website

MLS# 26-553· Source: Southwest Iowa Association of Realtors· 136 days on PropertySimple

Copyright © 2026 Southwest Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

131 3RD Street, Underwood, IA 51576

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