138 3rd St, Underwood, IA 51576

Property Description

Recently renovated and completely updated ±1,344 SF commercial building currently configured as a full-service salon and spa. The layout includes 4-5 salon stations, two shampoo/wash bowls, three private service rooms, laundry area, kitchenette and dedicated storage, along with a new furnace and A/C system. The sale includes two adjoining ±0.08-acre parcels totaling approximately 0.16 acres, along with the existing salon furniture, fixtures and equipment, including the HydraFacial machine. The Boss Bar & Spa business name is also included. The existing buildout provides flexibility for several operating models. An owner-user could operate the salon while leasing stations or private rooms to complementary beauty and wellness providers. The layout could also accommodate a multi-pr The additional adjoining ±0.08-acre parcel adds future flexibility for the property. A buyer could explore additional parking, expansion of the existing building, outdoor space or another complementary use as the business grows, subject to zoning and municipal approval. Parking is currently available along the street and at the rear of the property. Offered at $275,000, the sale combines the real estate, approximately 0.16 total acres, updated salon/spa buildout, FF&E, specialized equipment, business name and LLC in one offering. Well suited for an owner-user, salon or spa operator, beauty/wellness concept, or investor interested in a multi-provider rental model.