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    Spencer, IA Commercial Real Estate for Sale

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    Valentine Diner on Grand Avenue
    Contact for pricing
    520 SF

    Valentine Diner on Grand Avenue

    208 Grand Ave, Spencer, IA 51301

    Iconic diner on high-traffic Grand Avenue in Spencer, Iowa.

    • Iconic "Valentine Diner" - Own a piece of history.
    • High traffic location on Grand Avenue.
    • Opportunity to start a restaurant or coffee shop.
    • Restore the diner to its former glory.
    • Vinyl Siding Construction.
    Updated: Dec 17, 2025
    View details
    Former Truck Shop with Extras
    $350,000
    9,644 SF

    Former Truck Shop with Extras

    906 E Milwaukee St, Spencer, IA 51301

    Versatile commercial building with included equipment and additional lot.

    • Large, insulated, and heated 60x180 main shop with concrete floor.
    • Includes adjacent 165' x 208' east lot.
    • Three garage doors (12' to 20' high) with remotes.
    • Equipped with two Hotsy pressure washers, acid wash system, and fire hose system (350 psi).
    • Complete office area with equipment, 5‑line phone system, and computer system.
    Updated: Nov 23, 2025
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    Light-Filled Home with Large Backyard
    $214,900

    Light-Filled Home with Large Backyard

    Two-bedroom home featuring ample storage and a spacious backyard.

    1613 11Th Ave W, Spencer, IA 51301
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    Restaurant with Playground and Office
    $599,000
    5,438 SF

    Restaurant with Playground and Office

    5,438 SF property featuring restaurant, playground, and office spaces.

    202 11Th Street Sw Plz SW, Spencer, IA 51301
    View details
    Based on your search, we've compiled 1134 Potential Opportunities for your consideration. Besides 4 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1125 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Highway 71 Commercial Property
    $207,500
    0.99 Acres

    Highway 71 Commercial Property

    Approximately one acre commercial property with Highway 71 frontage.

    000 Okoboji Ave, Milford, IA 51351
    View details
    New Storage Units For Sale
    Pending
    $69,900
    1,152 SF

    New Storage Units For Sale

    Spacious storage units with convenient access, available in 2025.

    1804 P Ave, Milford, IA 51351
    View details
    Prime Land in West Okoboji
    $2,995,000
    25.75 Acres

    Prime Land in West Okoboji

    25.75 acres in city limits with development potential.

    00 Lynch Ave, West Okoboji, IA 51351
    View details
    West Okoboji Storage Solution
    $110,000
    1,152 SF

    West Okoboji Storage Solution

    Spacious, well-maintained storage unit near Iowa Great Lakes.

    1303 Lynch Ave, West Okoboji, IA 51351
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Near Fairgrounds
    $630,000
    1,536 SF

    Commercial Land Near Fairgrounds

    5.5 acres with dwelling and garage near Clay County Fairgrounds.

    1004 W 18Th St, Spencer, IA 51301
    View details

    Explore Off-Market Properties in Spencer, IA

    Consider similar Off-Market properties in Spencer, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2900 Hwy E Blvd

    2900 Hwy E Blvd

    WAREHOUSE, STORAGE • 12,800 SF
    Value Estimation
    $435,000
    2900 Hwy E Blvd, Spencer, IA 51301
    View details
    2908 Hwy E Blvd

    2908 Hwy E Blvd

    WAREHOUSE, STORAGE • 5,000 SF
    Value Estimation
    $370,000
    2908 Hwy E Blvd, Spencer, IA 51301
    View details
    2902 Hwy E Blvd

    2902 Hwy E Blvd

    LIGHT INDUSTRIAL • 10,100 SF
    Value Estimation
    $355,000
    2902 Hwy E Blvd, Spencer, IA 51301
    View details
    1502 35th Ave Wa-2

    1502 35th Ave Wa-2

    WAREHOUSE, STORAGE • 2,400 SF
    Value Estimation
    $95,000
    1502 35th Ave Wa-2, Spencer, IA 51301-2503
    View details
    109 17th St

    109 17th St

    WAREHOUSE, STORAGE • 4,000 SF
    Value Estimation by Request
    109 17th St, Spencer, IA 51301
    View details
    1502 35th Ave Wb-6

    1502 35th Ave Wb-6

    WAREHOUSE, STORAGE • 2,400 SF
    Value Estimation by Request
    1502 35th Ave Wb-6, Spencer, IA 51301-2503
    View details
    1709 1st W Ave

    1709 1st W Ave

    WAREHOUSE, STORAGE • 4,000 SF
    Value Estimation
    $120,000
    1709 1st W Ave, Spencer, IA 51301
    View details
    1208 Milw St

    1208 Milw St

    WAREHOUSE, STORAGE • 7,024 SF
    Value Estimation
    $250,000
    1208 Milw St, Spencer, IA 51301
    View details
    2012 11th SW Ave

    2012 11th SW Ave

    LIGHT INDUSTRIAL • 2,196 SF
    Value Estimation
    $330,000
    2012 11th SW Ave, Spencer, IA 51301-5533
    View details
    2903 18th St

    2903 18th St

    WAREHOUSE, STORAGE • 13,795 SF
    Value Estimation by Request
    2903 18th St, Spencer, IA 51301
    View details
    1502 35th Ave Wa-1

    1502 35th Ave Wa-1

    WAREHOUSE, STORAGE • 2,400 SF
    Value Estimation by Request
    1502 35th Ave Wa-1, Spencer, IA 51301-2503
    View details
    1410 35th W Ave

    1410 35th W Ave

    LIGHT INDUSTRIAL • 3,655 SF
    Value Estimation
    $225,000
    1410 35th W Ave, Spencer, IA 51301-2501
    View details
    103 28th St

    103 28th St

    WAREHOUSE, STORAGE • 3,600 SF
    Value Estimation by Request
    103 28th St, Spencer, IA 51301-2002
    View details
    11th SW Ave

    11th SW Ave

    WAREHOUSE, STORAGE • 300 SF
    Value Estimation by Request
    11th SW Ave, Spencer, IA 51301
    View details
    2824 B E Ave

    2824 B E Ave

    WAREHOUSE, STORAGE • 2,484 SF
    Value Estimation by Request
    2824 B E Ave, Spencer, IA 51301
    View details
    1220 9th St

    1220 9th St

    WAREHOUSE, STORAGE • 2,400 SF
    Value Estimation by Request
    1220 9th St, Spencer, IA 51301
    View details
    425 5th St

    425 5th St

    WAREHOUSE, STORAGE • 6,780 SF
    Value Estimation
    $195,000
    425 5th St, Spencer, IA 51301-5018
    View details
    2918 B E Ave

    2918 B E Ave

    LIGHT INDUSTRIAL • 928 SF
    Value Estimation
    $95,000
    2918 B E Ave, Spencer, IA 51301-2021
    View details
    2815 B E Ave

    2815 B E Ave

    WAREHOUSE, STORAGE • 3,960 SF
    Value Estimation
    $365,000
    2815 B E Ave, Spencer, IA 51301-2020
    View details
    714 11th E Ave

    714 11th E Ave

    WAREHOUSE, STORAGE • 15,836 SF
    Value Estimation
    $410,000
    714 11th E Ave, Spencer, IA 51301-4718
    View details

    Spencer, IA Commercial Real Estate Investment Opportunities Market Analysis

    Explore 871 commercial real estate investment opportunities in Spencer, IA on our commercial real estate marketplace. The current inventory includes 40,456,341 square feet of properties with an estimated value of $131,959,600.

    Estimated prices for commercial real estate in Spencer, IA begin at $32,900, with an average of $291,946 and extend to $2,180,000.

    In Spencer, IA, current investment values show:

    • Industrial properties positioned at $301,114
    • Retail properties measuring $286,120
    • Other warehouses assessed at $302,661
    • Warehouses calculated at $302,661
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    Browse Commercial real estate for Sale Near Spencer, IA

    Popular Searches in Spencer, IA

    Most Searched ZIP Codes in Spencer, IA

    • 51301

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