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    100 Hl Dr Spirit Lake, IA 51360

    For Sale
    $249,000

    Business Opportunity - Spirit Lake, IA

    Property size:
    800 SF
    Days on Market:
    80
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 100 Hl Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    TBD
    Parking features
    Driveway
    Size
    800 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ductless

    Building Details

    Year built
    2018
    Building materials
    Wood Siding
    Architectural style
    Other

    Jensen Real Estate (712) 320-7245 [email protected]

    Listing agent Michael Jensen (712) 332-8081 License #B58673

    Listing date Sep 26, 2025

    MLS# 250057 Listing URL

    Copyright © 2025 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant Opportunity in Spirit Lake

    This turn-key restaurant, a community favorite since 1962, is available for purchase. Known for its famous Pan-Fried Chicken To Go, the restaurant has maintained a loyal following for over 60 years. The property includes a fully equipped bar. The business is primed for growth with low overhead, a small staff, and a proven location that has thrived for six decades. The restaurant is currently open just 14 hours per week. The property is 800 square feet. This presents a flexible opportunity to operate seasonally or year-round. Customers bypass other establishments to patronize this restaurant. The property is located in Spirit Lake, Iowa.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Spirit Lake
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.102581086084
    Latitude
    43.444373110968

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    FAQs

    What type of property is this?
    Restaurant - Landmark restaurant with loyal following, primed for growth.
    Where is this restaurant located?
    The property is located at 100 Hl Dr Spirit Lake, IA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Turn-key restaurant with a 60-year history and loyal customer base.; - Known for its famous Pan-Fried Chicken To Go.; - Fully equipped bar included.
    (712) 332-8081
    Request Owner's contact information
    100 Hl Dr Spirit Lake, IA 51360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Hl Dr Spirit Lake, IA 51360
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