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    Conventional Restaurant

    Spirit Lake, IA Conventional Restaurants for Sale

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    Orleans, IA Okoboji, IA Arnolds Park, IA Montgomery, IA Milford, IA Wahpeton, IA West Okoboji, IA Lake Park, IA
    Drive-Through Restaurant Building
    Updated: Aug 9
    Drive-Through Restaurant Building

    2209 Circle Drive, Spirit Lake, IA 51360

    $650,000
    1.4‑acre restaurant property at the corner of Highways 71 and 9
    More than 5,000 vehicles pass the site each day
    Drive‑through with commercial hood, walk‑in cooler, and walk‑in freezer
    Large paved parking lot with driveway access
    Recent roof and furnace improvements
    View details
    Drive-Through Restaurant Building
    Updated: May 8
    Drive-Through Restaurant Building

    3307 Hwy 71, Spirit Lake, IA 51360

    $750,000
    1.24‑acre commercial property at 3307 Hwy 71, Spirit Lake, IA 51360
    Layout suited to full‑service restaurant, drive‑through coffee shop, or quick‑service operations
    Interior equipment removed; restrooms remain in place
    Brick and metal siding building with metal roof
    Forced‑air heating and central air conditioning
    View details
    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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    See hot listings in Spirit Lake

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Freestanding Restaurant Building
    Freestanding Restaurant Building

    3307 Hwy 71 S, Spirit Lake, IA 51360

    $750,000
    7,196 sqft 1.24 AC lot

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

    View details
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    40-Key Hotel with Restaurant
    40-Key Hotel with Restaurant

    2007 Highway 71 N, Jackson, MN 56143

    $1,350,000
    30,514 sqft

    Hospitality property with food-and-beverage space, event rooms, and an on-site pool area.

    View details
    Restaurant and Bar with Commercial Kitchen
    Restaurant and Bar with Commercial Kitchen

    205 Main Street, Dickens, IA 51333

    $149,900
    3,717 sqft

    Separate entrances and restrooms serve the connected dining and bar areas.

    View details
    Motel with Event Center
    Motel with Event Center

    2007 Highway 71 N, Jackson, MN 56143

    $1,350,000
    6.17 AC lot

    A hospitality property combines overnight accommodations with food service, event space, and recreation amenities.

    View details
    Established Restaurant With Bar
    Established Restaurant With Bar

    205 Main Street, Dickens, IA 51333

    $149,900

    Connected dining and bar areas provide separate entrances and restrooms for distinct customer spaces.

    View details

    Spirit Lake, IA Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in Spirit Lake, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 10,765 square feet of properties for sale, with an estimated market value of $2,800,000.

    Sale prices for conventional restaurants in Spirit Lake, IA start at $650,000, averaging $700,000, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 5
    Conventional restaurants 4
    Coffee shops 3

    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
    51360 $693K

    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%

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Popular Searches in Spirit Lake, IA

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    Most Searched ZIP Codes in Spirit Lake, IA

    • 51360

    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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