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    Spirit Lake, IA
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    Spirit Lake, IA Drive Through 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
    Drive-Through Restaurant

    604 18th St, Spirit Lake, IA 51360

    Contact for pricing

    Dual vehicle lanes and restaurant infrastructure support streamlined service from a compact footprint.

    View details
    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
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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.

    View details
    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 13 Potential Opportunities for your consideration. Besides 5 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Conventional Restaurant with Drive-Up Window
    Conventional Restaurant with Drive-Up Window

    1312 Lakeland Dr SE, Willmar, MN 56201

    Contact for pricing
    2,200 sqft

    Existing food-service improvements include cold storage and a drive-up service window.

    View details
    Restaurant Building with Drive-Up Window
    Restaurant Building with Drive-Up Window

    1312 Lakeland Drive SE, Willmar, MN 56201

    Contact for pricing
    1.83 AC lot

    Restaurant infrastructure and cold storage support food-service operations, with central air conditioning and forced-air heat.

    View details
    Drive-Thru Coffee Shop Opportunity
    Drive-Thru Coffee Shop Opportunity

    1730 East 10th Street, Sioux Falls, SD 57103

    $800,000

    Vacant 2022-built drive-thru coffee shop zoned S-2/Form RE3 with a pylon sign and convenient I-229 access.

    View details
    Restaurant with Drive-Thru For Sale
    Restaurant with Drive-Thru For Sale

    5120 E. Arrowhead Parkway, Sioux Falls, SD 57110

    $2,650,000

    Recently built restaurant with drive-thru, furniture, fixtures, and equipment included.

    View details

    Off-Market Properties in Spirit Lake, IA

    Consider similar Off-Market properties in Spirit Lake, 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.

    3501 Hwy 71
    DRIVE-THRU RESTAURANT, FAST FOOD

    3501 Hwy 71, Spirit Lake, IA 51360-7035

    Estimated value:
    $450,000
    3,659 sqft 1.16 AC lot
    View details
    2329 Cir W Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    2329 Cir W Dr, Spirit Lake, IA 51360-1066

    Estimated value:
    $305,000
    2,194 sqft 0.78 AC lot
    View details
    2019 18th St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2019 18th St, Spirit Lake, IA 51360-1070

    Estimated value:
    $300,000
    2,160 sqft 1.06 AC lot
    View details
    1007 18th St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1007 18th St, Spirit Lake, IA 51360-1013

    Estimated value:
    $275,000
    1,400 sqft 0.28 AC lot
    View details

    Spirit Lake, IA Drive Through Restaurants Market Trends and Statistics

    Explore 9 drive through restaurants for sale in Spirit Lake, IA, showcased through 5 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 drive-thru businesses 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 6
    Coffee shops 4
    Conventional restaurants 4

    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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