Spirit Lake, IA Commercial Real Estate for Sale

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Updated: May 8

High-Visibility Restaurant-Ready Building

3307 Hwy 71, Spirit Lake, IA 51360

$895,000

7,196 SF building on 1.24 acres in Spirit Lake with high‑traffic, high‑visibility Highway 71 access
Originally a bank and later a restaurant; versatile interior layout cleared of equipment for a new use
Infrastructure suited for food concepts including full‑service restaurant, drive‑thru coffee shop, or quick‑service to‑go
Utilities: public water and public sewer; forced air heating with central air conditioning
Metal roof; exterior includes brick and metal siding

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Updated: Jun 2

Highway Commercial Land Parcel

3840 Highway 71, Spirit Lake, IA 51360

$999,000

3.76 AC lot

Flat 3.76‑acre commercial lot in Spirit Lake.
Located directly on Highway 71 with direct access to the highway.
C‑2 Highway Commercial zoning.
Traffic counts exceed 7,000 vehicles per day.

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Drive-Through Restaurant with Commercial Kitchen

2209 Circle Dr, Spirit Lake, IA 51360

$650,000

Move-in ready drive-thru restaurant with commercial hood, cooler/freezer, and large paved parking.

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36-Room Hotel with Manager Quarters

1905 18th Street, Spirit Lake, IA 51360

$1,695,000

36-room Travelodge in Spirit Lake with a manager’s quarters and an additional lot for potential expansion.

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Highway-Frontage Commercial Land

37th Street, Spirit Lake, IA 51360

$319,000

1.11 AC lot

For sale commercial land with approximately 226+ feet of highway frontage in Spirit Lake, IA.

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Spirit Lake Commercial Land Opportunity

2045 Hwy 9, Spirit Lake, IA 51360

$749,000

2.09 AC lot

Corner lot with high traffic and visibility in Spirit Lake.

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Spirit Lake Storage Facility Investment

18 Th Street, Spirit Lake, IA 51360

$1,500,000

37,200 sqft

Large storage facility with immediate cash flow potential.

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Drive-Thru Restaurant with Dual Windows

604 18th St, Spirit Lake, IA 51360

Contact for pricing

Restaurant space with a double drive-thru lane, dual service windows, and installed kitchen systems for quick-service operations.

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New Storage Units in Spirit

2311 37th Street, Spirit Lake, IA 51360

$139,900

Newly constructed storage units in a desirable Spirit Lake location.

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New Storage Units in Spirit

2311 37th Street, Spirit Lake, IA 51360

$139,900

New storage units ideal for boats, vehicles, and business.

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Spirit Lake Development & Income Land

190th St, Spirit Lake, IA 51360

$2,500,000

163.05 AC lot

163.05 acre development and income tract with lake shoreline.

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Highway Frontage Commercial Lot

1909 18Th Street, Spirit Lake, IA 51360

$375,000

0.69 AC lot

High-visibility commercial lot on heavily traveled highway.

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New Customizable Storage and Lifestyle Units

3156 18th Street, Spirit Lake, IA 51360

$160,000

New construction storage and lifestyle units for sale in Spirit Lake.

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New Customizable Storage & Lifestyle Units

3156 18th Street, Spirit Lake, IA 51360

$160,000

New construction storage and lifestyle units for sale in Spirit Lake.

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Commercial Land For Sale

1405 18th Street, Spirit Lake, IA 51360

Contact for pricing

1 sqft · 1.00 AC lot

Commercial land available near Great Lakes Mall and Hy-Vee.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 15 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 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.

West Okoboji Storage Condo

2049 HWY 86, Milford, IA 51351

$230,000

2,304 sqft

48' x 48' storage condo near West Lake Okoboji.

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Heated Storage Unit with 14-Foot Doors

701 240th Avenue, Arnolds Park, IA 51331

$185,000

Large heated storage unit with stubbed-in water and plumbing for vehicle, boat, or workshop storage.

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Heated Storage Unit with 14-Foot Doors

701 240th Avenue, Arnolds Park, IA 51331

$185,000

Large storage unit with 14-foot overhead doors, heat, electricity, and stubbed water and plumbing.

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Corner Lot on Highway 71

2201 Okoboji Blvd, Milford, IA 51351

$225,000

0.33 AC lot

Commercial land with frontage on Highway 71 in Milford.

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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.

MINI-WAREHOUSE, STORAGE

2210 37th St, Spirit Lake, IA 51360

Value Estimation by Request

1,600 sqft · 0.43 AC lot

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MANUFACTURING (LIGHT)

1911 Peoria Ave, Spirit Lake, IA 51360-1027

$725,000

Estimated value

15,984 sqft · 4.14 AC lot

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OFFICE BUILDING

1911 Peoria Ave, Spirit Lake, IA 51360-1027

Value Estimation by Request

2,368 sqft · 2.29 AC lot

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RESTAURANT

3840 Hwy 71, Spirit Lake, IA 51360-7197

$820,000

Estimated value

5,072 sqft · 3.76 AC lot

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WAREHOUSE, STORAGE

25161 Hwy 9th 71, Spirit Lake, IA 51360-7311

Value Estimation by Request

1,350 sqft · 0.85 AC lot

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OFFICE BUILDING

1715 Hl Ave, Spirit Lake, IA 51360-1237

Value Estimation by Request

2,428 sqft · 0.08 AC lot

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PROFESSIONAL BUILDING

1817 Hl Ave, Spirit Lake, IA 51360-1239

Value Estimation by Request

1,955 sqft · 0.07 AC lot

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CAR WASH - SELF-SERVE

3114 Aurora Ave, Spirit Lake, IA 51360

Value Estimation by Request

3,090 sqft · 0.66 AC lot

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LIGHT INDUSTRIAL

1891 Royal Ave, Spirit Lake, IA 51360-1190

Value Estimation by Request

9,460 sqft · 0.85 AC lot

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Spirit Lake, IA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Spirit Lake, IA, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 43,320 square feet of properties for sale, with an estimated market value of $1,849,000.

Sale prices for business properties in Spirit Lake, IA start at $349,000, averaging $924,500, and reaching up to $1,500,000 — 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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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	$720.7K

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%

Listings Trend

New vs delisted commercial listings in Dickinson County

New Delisted

Total CRE Inventory on Market (SF)

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Spirit Lake, IA Commercial Real Estate for Sale

3307 Hwy 71, Spirit Lake, IA 51360

3840 Highway 71, Spirit Lake, IA 51360

2209 Circle Dr, Spirit Lake, IA 51360

1905 18th Street, Spirit Lake, IA 51360

37th Street, Spirit Lake, IA 51360

2045 Hwy 9, Spirit Lake, IA 51360

18 Th Street, Spirit Lake, IA 51360

604 18th St, Spirit Lake, IA 51360

2311 37th Street, Spirit Lake, IA 51360

2311 37th Street, Spirit Lake, IA 51360

190th St, Spirit Lake, IA 51360

1909 18Th Street, Spirit Lake, IA 51360

3156 18th Street, Spirit Lake, IA 51360

3156 18th Street, Spirit Lake, IA 51360

1405 18th Street, Spirit Lake, IA 51360

Opportunities in Nearby Cities

2049 HWY 86, Milford, IA 51351

701 240th Avenue, Arnolds Park, IA 51331

701 240th Avenue, Arnolds Park, IA 51331

2201 Okoboji Blvd, Milford, IA 51351

Off-Market Properties in Spirit Lake, IA

2210 37th St, Spirit Lake, IA 51360

1911 Peoria Ave, Spirit Lake, IA 51360-1027

1911 Peoria Ave, Spirit Lake, IA 51360-1027

3840 Hwy 71, Spirit Lake, IA 51360-7197

25161 Hwy 9th 71, Spirit Lake, IA 51360-7311

1715 Hl Ave, Spirit Lake, IA 51360-1237

1817 Hl Ave, Spirit Lake, IA 51360-1239

3114 Aurora Ave, Spirit Lake, IA 51360

1891 Royal Ave, Spirit Lake, IA 51360-1190

Spirit Lake, IA Commercial Real Estate Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

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