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    Spirit Lake, IA

    Spirit Lake, IA Commercial Real Estate for Sale

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    Orleans, IA Okoboji, IA Montgomery, IA Arnolds Park, IA Milford, IA Wahpeton, IA West Okoboji, IA Lake Park, IA
    Found 58 commercial real estate listings for sale in Spirit Lake, IA, averaging $114/sq ft. Use valuation data to compare deals faster.
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    Highway Commercial Land
    Updated: Jun 2
    Highway Commercial Land

    3840 Highway 71, Spirit Lake, IA 51360

    $999,000
    3.76 AC lot
    3.76‑acre commercial land parcel
    C‑2 Highway Commercial zoning
    Direct access to Highway 71
    Traffic counts exceeding 7,000 vehicles per day
    Bike trail runs along the property
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    Highway-Fronted Commercial Land
    Updated: Jun 8
    Highway-Fronted Commercial Land

    37th Street, Spirit Lake, IA 51360

    $319,000
    1.11 AC lot
    1.11 acres of commercial land
    Approximately 226+ feet of highway frontage
    Located on 37th Street in Spirit Lake, IA 51360
    Potential concepts include retail, office, service business, or commercial development
    Located in Dickinson County
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    Updated Flex Space with Office Suites
    Updated Flex Space with Office Suites

    2216 15th, Spirit Lake, IA 51360

    $679,900

    Renovated office and garage areas support administrative, storage, service, and manufacturing uses.

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    See hot listings in Spirit Lake

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    2209 Circle Drive W, Spirit Lake, IA 51360

    $650,000
    3,569 sqft 1.40 AC lot

    Restaurant property with commercial kitchen infrastructure, cold storage, and a paved parking area.

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    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    2209 Circle Drive, Spirit Lake, IA 51360

    $650,000

    Former restaurant facility with commercial kitchen infrastructure, customer parking, and recent roof and furnace upgrades.

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    Commercial Land with Approved Fuel Use
    Commercial Land with Approved Fuel Use

    2045 Hwy 9, Spirit Lake, IA 51360

    $749,000
    2.09 AC lot

    Corner parcel with approvals in place for a convenience store and gas station, plus an approved highway turning lane.

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    Mixed-Use Property with Living Quarters
    Mixed-Use Property with Living Quarters

    1901 32nd Street, Spirit Lake, IA 51331

    $379,000

    New construction combines storage, workspace, and on-site residential quarters.

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    Freestanding Restaurant Building
    Freestanding Restaurant Building

    3307 Hwy 71 S, Spirit Lake, IA 51360

    $725,000
    7,196 sqft 1.24 AC lot

    The former bank and restaurant has been cleared of equipment, with infrastructure suited to several restaurant formats.

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    Travelodge Motel with Expansion Lot
    Travelodge Motel with Expansion Lot

    1905 18th Street, Spirit Lake, IA 51360

    $1,649,500

    Lodging property with manager accommodations, covered parking, and a separate parcel designated for future expansion.

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    Office Space with Expansion Lot
    Office Space with Expansion Lot

    605 18TH., Spirit Lake, IA 51360

    $219,000

    Central air and forced-air heating support a functional office environment.

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    Mixed-Use Property with Office Suites
    Mixed-Use Property with Office Suites

    2216 15th, Spirit Lake, IA 51360

    $679,900
    6,696 sqft

    Renovated front offices and a separate rear building provide distinct spaces for administrative and operational functions.

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    Highway Frontage Commercial Land
    Highway Frontage Commercial Land

    1909 18Th Street, Spirit Lake, IA 51360

    $375,000
    0.69 AC lot

    Paved commercial parcel with direct highway access and an existing paved area suited to parking or product display.

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    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    3307 Hwy 71, Spirit Lake, IA 51360

    $725,000

    Adaptable commercial building with restaurant infrastructure, highway access, and public utilities.

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    Warehouse with Three Overhead Doors
    Warehouse with Three Overhead Doors

    16390 252nd Avenue, Spirit Lake, IA 51360

    $365,000
    4,000 sqft

    Concrete flooring and an additional lot support storage use and provide room for parking or another structure.

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    Warehouse with Three Overhead Doors
    Warehouse with Three Overhead Doors

    16390 252nd Avenue, Spirit Lake, IA 51360

    $365,000

    Concrete flooring and multiple large doors support practical storage and loading access.

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    Drive-Through Restaurant with Dual Lanes
    Drive-Through Restaurant with Dual Lanes

    604 18th St, Spirit Lake, IA 51360

    Contact for pricing

    A compact food-service space includes kitchen infrastructure and negotiable equipment for a new operator.

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    Flex Space with Living Quarters
    Flex Space with Living Quarters

    1901 32nd Street #59, Spirit Lake, IA 51331

    $379,000
    2,400 sqft

    Newer construction combines business, storage, and residential functions under one roof.

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    Insulated Warehouse Storage Unit
    Insulated Warehouse Storage Unit

    2289 165th St., Spirit Lake, IA 51360

    $76,900

    Electric service and added interior lighting support storage and hands-on project work.

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    Self-Storage Unit with Automatic Doors
    Self-Storage Unit with Automatic Doors

    2045 Hwy 9 #14, Spirit Lake, IA 51360

    $105,000
    900 sqft

    Centrally managed heat and gated access provide controlled entry at any hour.

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    Self-Storage Condominium with Loft
    Self-Storage Condominium with Loft

    3060 Hwy 71, Spirit Lake, IA 51360

    $85,000

    A 20-by-40-foot unlined unit includes loft storage and a large garage door.

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    Heated Self-Storage Unit
    Heated Self-Storage Unit

    2045 Hwy 9 #2, Spirit Lake, IA 51360

    $105,000
    900 sqft

    A secured, heated storage space features automatic overhead and walk-in access.

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    New 4-Unit Flex Building
    New 4-Unit Flex Building

    3156 18th Street, Spirit Lake, IA 51360

    $160,000

    Under-construction units offer customizable interiors, public utilities, and adaptable space for storage, shop, or recreational uses.

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    Heated Self-Storage Unit
    Heated Self-Storage Unit

    2045 Hwy 9 #16, Spirit Lake, IA 51360

    $105,000
    900 sqft

    The paved property has wide drive aisles for maneuvering boats, campers, and other vehicles.

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    13-Room Bed and Breakfast
    13-Room Bed and Breakfast

    23131 Nature Center Road, Spirit Lake, IA 51360

    $3,910,000

    Guest rooms feature private baths and fireplaces, complemented by shared dining, lounge, and outdoor gathering spaces.

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    Spirit Lake, IA Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Spirit Lake, IA, showcased through 58 active listings on our real estate platform. These investment opportunities span a total of 59,982 square feet of properties for sale, with an estimated market value of $19,942,100.

    Sale prices for business properties in Spirit Lake, IA start at $76,900, averaging $356,108, and reaching up to $3,910,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Spirit Lake, IA CRE market trends — vacancy, lease rates and price per SF, updated monthly
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    Demographics Overview

    Population 8,561
    Population Growth (5Y) +4.7%
    Median Household Income $77,464
    College Educated 44.0%

    High-Yield Neighborhoods for Investment

    Identify Spirit Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Spirit Lake - 51360 $258.6K
    Arnolds Park - 51331 $379K
    Melvin - 51350 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.70%
    Property Tax per SF $16.92 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Dickinson County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Browse Commercial real estate for Sale Near Spirit Lake, IA

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    Most Searched ZIP Codes in Spirit Lake, IA

    • 51360
    • 51331

    Featured Spirit Lake Real Estate Agencies

    Realmo connects you with licensed Spirit Lake CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hinn Real Estate
    2916 Hwy 71 S Spirit Lake, IA 51360
    Phone: (712) 336-1240
    www.buyokoboji.com
    RE/MAX Lakes Realty
    3121 Highway 71 Spirit Lake, IA 51360
    Phone: (712) 336-4967
    WWW.SELLBOJI.COM
    EXIT Realty Midwest
    1306 18th Street Spirit Lake, IA 51360
    Phone: (712) 336-3405
    www.ExitRealtyMidwest.com
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