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    208 Grand Ave Spencer, IA 51301

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Spencer, IA

    Property size:
    520 SF
    Days on Market:
    25
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 208 Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    963618132020
    Size
    520 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1900
    Building materials
    Vinyl Siding
    Architectural style
    Other

    Northwest Iowa Realty (712) 580-4692 [email protected]

    Listing agent Bob Bates (712) 580-4692 License #B64356

    Listing date Dec 17, 2025

    MLS# 251554 Listing URL

    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.

    Overview

    Valentine Diner on Grand Avenue

    This property is a historic "Valentine Diner" located on Grand Avenue in Spencer, Iowa. The building has a size of 520 square feet. The property is being sold "AS IS". It is suitable for use as a restaurant or coffee shop. The property is located on a high traffic count area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Clay
    State
    Iowa
    Longitude
    -95.1443573
    Latitude
    43.1398776

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    FAQs

    What type of property is this?
    Breakfast & diner - Iconic diner on high-traffic Grand Avenue in Spencer, Iowa.
    Where is this breakfast & diner located?
    The property is located at 208 Grand Ave Spencer, IA.
    What is the asking price?
    The asking price for this property is $24,900.
    What are key features of this property?
    This property features: - Iconic "Valentine Diner" - Own a piece of history.; - High traffic location on Grand Avenue.; - Opportunity to start a restaurant or coffee shop.
    (712) 260-7148
    Request Owner's contact information
    208 Grand Ave Spencer, IA 51301
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    Spencer, IA 51301
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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
    208 Grand Ave Spencer, IA 51301
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