$5,500,000
UNDERWOOD, IA 51576
MLS# 24-2291
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Property Description
This prime tract of land is well positioned for various commercial or industrial uses given its phenomenal location at the Underwood exit of Interstate I-80. Highly visible, and easily accessible, this large tract offers great development opportunity for a large scale project, or could be subdivided for multiple smaller users. The site has access to both Regional Water and City Sewer utilities along Magnolia Rd as well as the option to connect to natural gas and electricity services through MidAmerican Energy.
Details
Maps
Contract Information
Auction: No
Bank Owned?: No
Current Price: $5,500,000
Status: Active
Listing Date: 2024-11-18
List Price: $5,500,000
General Property Description
Size of Land: More than 10 Acres
Lot Size: 105.56 AC M/L
# of Acres: 105.56
Price/Acre: 52103.07
Street Frontage: 618' M/L
Average Depth: 1880' M/L
Location, Tax & Legal
Elementary School: Underwood
Jr. High: Underwood
High School: Underwood
School District: Underwood
Legal: Multiple Parcels
Parcel No.: Multiple -7642 16 400 006
Zoning: Unknown
Agent Equity: N
Current REIDS Yr Pd: N/A
Area: 14A
House #: 105.56 AC
Street Name: MAGNOLIA
Street Suffix: Road
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51576
Remarks & Misc
Directions: Located at the Northwest corner of the Magnolia Rd Exit of I-80
Office/Member Info
Net Taxes: 4310
Tax Year: 2023
Possession
Closing: 1
Will Transfer By
Sale: 1
Terms
Cash: 1
Conventional: 1
Docs on File
Aerial Photos: 1
Other - See Remarks: 1
Lot Improvements
Other - See Remarks: 1
Lot Location
Agricultural: 1
Other - See Remarks: 1
Restrict/Easements
Subject to Zoning: 1
Topography
Level: 1
Sloping: 1
Other - See Remarks: 1
Road Frontage
County: 1
Interstate: 1
Other - See Remarks: 1
Road Surface
Blacktop: 1
Surface Water
Other - See Remarks: 1
Type of Soil
Unknown: 1
Sewer
Public Sewer: 1
Water
Other - See Remarks: 1
Utilities
Other - See Remarks: 1
Flood Ins
Unknown: 1
Best Use
Business: 1
Commercial: 1
Industrial: 1
Other - See Remarks: 1
Mortgage Info
Gross Taxes: 4310
Net Taxes: 4310
Tax Year: 2023
Photo Certification
I own the photos or have the right to use.: Yes
Status Change Info
Status Change Date: 2024-11-18
Property Features
Will Transfer By: Sale
Docs on File: Aerial Photos; Other - See Remarks
Lot Improvements: Other - See Remarks
Lot Location: Agricultural; Other - See Remarks
Topography: Level; Sloping; Other - See Remarks
Road Frontage: County; Interstate; Other - See Remarks
Road Surface: Blacktop
Type of Soil: Unknown
Sewer: Public Sewer
Surface Water: Other - See Remarks
Water: Other - See Remarks
Utilities: Other - See Remarks
Flood Ins: Unknown
Possession: Closing
Best Use: Business; Commercial; Industrial; Other - See Remarks
Terms: Cash; Conventional
Listing Office: Heartland Properties
Last Updated: November - 21 - 2025
Information deemed reliable but not guaranteed.