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Spirit Lake Storage Facility Investment
For Sale
$1,500,000

18 Th Street, Spirit Lake, IA 51360

COMMERCIAL - Spirit Lake, IA

Property Size37,200 SF
Price / SF$40.32
Days on Market331

Property Features for 18 Th Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Driveway
Directions Just behind the vacant lot next to Pizza Ranch.
Subdivision Dickinson
Standard status Active
APN 0705401027
Size 37,200 SF

Taxes and HOA fees

Tax Year 2023
Tax Description SPIRIT LAKE BEDELLS 5TH ADDLOT 1 & 1/2 of SPIRIT LAKE BEDELLS 2ND LOT 2
Tax Annual Amount 15635
Legal Description SPIRIT LAKE BEDELLS 5TH ADDLOT 1 & 1/2 of SPIRIT LAKE BEDELLS 2ND LOT 2

Building Details

Year built 2010
Building materials Metal Siding
Roof type Metal
Listing Agency: Hinn Real Estate
Listed By: Doug Small · License #S70351
Added: Sep 8, 2025 Changed: May 26 Last Checked: Aug 4 at 2:06PM
MLS# 251156

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This commercial property, located just off Highways 71 and 9 in Spirit Lake, Iowa, presents an investment opportunity for business owners seeking large-scale storage space. The property includes three storage buildings: one measuring 60' x 200' and two at 60' x 210', totaling 37,200 sq ft of space. Each building features 20' wide x 14' tall garage doors and a walk-in door, providing access for storage needs. The owner is surveying off the east building to retain, leaving the remaining three buildings available for purchase. These buildings can also be separated if desired, offering flexibility for future owners. With easements in place, access to the property from Highways 9 and 71 is convenient. All four buildings are currently leased with agreements in place until August 1, 2026, ensuring immediate cash flow for the new owner. This property offers outstanding potential with its location and steady income.

Key Highlights

  • Prime location off high‑traffic Hwy 71 & 9.
  • Substantial storage space totaling 37,200 sq ft across three buildings.
  • Immediate cash flow with existing leases in place until August 1, 2026.

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Hair Salon Storage Facility Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

280
Businesses Nearby

Demographics for 51360, IA

8,553
Population
6,638
Households
1.3
Avg Household Size
49
Median Age
35%
College-Educated
97%
High-School Grad
105.2 sq mi
ZIP Area
81
Density / Sq Mi
$77,464
Median Household Income
$41,043
Median Earnings
$1,005
Median Rent
$256,000
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Self storage facility - Large storage facility with immediate cash flow potential.
Where is this self storage facility located?
The property is located at 18 Th Street Spirit Lake, IA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location off high‑traffic Hwy 71 & 9.; Substantial storage space totaling 37,200 sq ft across three buildings.; Immediate cash flow with existing leases in place until August 1, 2026.
More about this property
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