Map of Property

Underwood Motel

For Sale

24936 Mulberry Lane, Underwood, IA 51576

This Underwood property for sale is located at 24936 Mulberry Lane. The current listed sale price for Underwood Motel is $550,000. Underwood Motel is situated on a lot that is 1.26 acre in size.

Contacts

Talia Swanson

CBRE

Property Details

  • Property Type Special
  • Property Size 7,752 SF
  • Lot Size 1.26 Acre
  • Date Updated Jun 3, 2026

21-room motel

Excellent owner/operator opportunity

Convenient location off I-80, within 10 miles to Council Bluffs and the Omaha, Nebraska metropolitan area

Demand generators include I-80 traffic, casinos, golf courses, Jack Links plant, convention centers, concert venues and Henry Doorly Zoo

Only one of two hotel or motels within 13 miles

Well below replacement cost

Recent capital improvements and renovations

See agent for financials and other information 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 7/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Underwood, IA
  • Zip Code 51576
  • Market Omaha

Points of Interest

  • Cenex

    0.21 miles

  • Kum & Go

    5.71 miles

  • Casey's General Store

    9.18 miles

  • Casey's

    9.45 miles

  • Reiver Tower

    9.12 miles

  • Reiver Village

    9.16 miles

  • LOT 1 - Visitors Only

    9.16 miles

  • LOT 3

    9.25 miles

  • Airport Terminal

    9.28 miles

  • LOT 2 - Visitors Only

    9.28 miles

  • LOT 4 - Restricted

    9.33 miles

  • LOT 5A

    9.34 miles

  • Reiver Suites

    9.34 miles

  • LOT 7

    9.38 miles

  • Fareway

    9.67 miles

Contact Listing Broker
Talia Swanson

CBRE

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