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    2209 Circle Dr W Spirit Lake, IA 51360

    For Sale
    $675,000

    Commercial - Spirit Lake, IA

    Property size:
    3,569 SF
    Days on Market:
    13
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 2209 Circle Dr W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    07-05-326-059
    Parking features
    Driveway
    Size
    3,569 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Building materials
    Other, Wood Siding
    Architectural style
    Other

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

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

    Listing date Nov 25, 2025

    MLS# 250897 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

    Restaurant with Drive-Thru For Sale

    Located at the corner of Highways 71 and 9, this 1.4-acre property offers high visibility and traffic, with over 5,000 vehicles passing by daily. The site is situated on level ground between Subway and Super 8. The 3,569 square-foot building, formerly a national chain restaurant, is move-in ready and includes a drive-thru. It features a commercial hood, walk-in cooler and freezer, and a large paved parking lot. Recent improvements include a new roof and furnace. The property is suitable for drive-through restaurants, restaurants, and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spirit Lake
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.1242606
    Latitude
    43.4219208

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    FAQs

    What type of property is this?
    Drive through restaurant - Move-in ready restaurant with drive-thru on high-traffic corner.
    Where is this drive through restaurant located?
    The property is located at 2209 Circle Dr W Spirit Lake, IA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - High-visibility location at the corner of Highways 71 and 9 with over 5,000 vehicles passing daily.; - Move-in ready building formerly a national chain restaurant.; - Includes a drive-thru, commercial hood, walk-in cooler and freezer.
    (712) 332-8081
    Request Owner's contact information
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    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
    2209 Circle Dr W Spirit Lake, IA 51360
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