# 131 3RD Street, Underwood, IA 51576

> **TL;DR:** commercial, $320,000 ($141/sqft), built 2022, 2,268 sqft.
> A/C. Est. $1,711/mo. Listed 189 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $320,000 |
| Price/sqft | $141 |
| Square Feet | 2,268 |
| Year Built | 2022 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 189 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,618 |
| Estimated Insurance | $93 |
| **Total** | **$1,711** |

## Key Amenities

- A/C

## Property Highlights

- Built in 2022

## Description

### Agent 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.

## Location

- **Address:** 131 3RD Street, Underwood, IA 51576
- **County:** POTTAWATTAMIE
- **Coordinates:** 41.38683, -95.676243
- **Google Maps:** https://www.google.com/maps?q=41.38683,-95.676243

## Listing Agent

- **Name:** Shelly Jager · **License:** S44357000
- **Brokerage:** Better Homes & Gardens Real Estate The Good Life Group
- **Phone:** 4026597909
- **Broker Phone:** (402) 932-5989

## Photos

![131 3RD Street - Photo 1](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3541635018r.jpg)

![131 3RD Street - Photo 2](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f1106712551r.jpg)

![131 3RD Street - Photo 3](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3260980801r.jpg)

![131 3RD Street - Photo 4](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f510215733r.jpg)

![131 3RD Street - Photo 5](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f1925331558r.jpg)

![131 3RD Street - Photo 6](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f478481782r.jpg)

![131 3RD Street - Photo 7](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3967849227r.jpg)

![131 3RD Street - Photo 8](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2879363951r.jpg)

![131 3RD Street - Photo 9](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f584167356r.jpg)

![131 3RD Street - Photo 10](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f1445634284r.jpg)

![131 3RD Street - Photo 11](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2821687697r.jpg)

![131 3RD Street - Photo 12](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f1315147658r.jpg)

![131 3RD Street - Photo 13](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2037766995r.jpg)

![131 3RD Street - Photo 14](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f339882365r.jpg)

![131 3RD Street - Photo 15](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3567878401r.jpg)

![131 3RD Street - Photo 16](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f194467720r.jpg)

![131 3RD Street - Photo 17](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f1504860323r.jpg)

![131 3RD Street - Photo 18](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3640359328r.jpg)

![131 3RD Street - Photo 19](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2974085701r.jpg)

![131 3RD Street - Photo 20](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3744382252r.jpg)

![131 3RD Street - Photo 21](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f480783944r.jpg)

![131 3RD Street - Photo 22](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2028381806r.jpg)

![131 3RD Street - Photo 23](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f4291962773r.jpg)

![131 3RD Street - Photo 24](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f203671406r.jpg)

![131 3RD Street - Photo 25](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2792567374r.jpg)

![131 3RD Street - Photo 26](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f4112474962r.jpg)

![131 3RD Street - Photo 27](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f342287493r.jpg)

![131 3RD Street - Photo 28](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f11061563r.jpg)

![131 3RD Street - Photo 29](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f4011186728r.jpg)

![131 3RD Street - Photo 30](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f749636470r.jpg)

![131 3RD Street - Photo 31](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3451793433r.jpg)

![131 3RD Street - Photo 32](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f896122833r.jpg)

![131 3RD Street - Photo 33](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f1599464274r.jpg)

![131 3RD Street - Photo 34](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f4243339294r.jpg)

![131 3RD Street - Photo 35](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f2501010819r.jpg)

![131 3RD Street - Photo 36](http://lh.rdcpix.com/79ffa0c69bc1940d9983d70797792286l-f3123331821r.jpg)

---

**MLS#:** 26-553 | **Updated:** 2026-10-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/131-3rd-street-underwood-ia-51576-a26553)

---

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