Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    202 11Th Street Sw Plz SW Spencer, IA 51301

    For Sale
    $599,000

    5,438 SF property featuring restaurant, playground, and office spaces.

    Property size:
    5,438 SF
    Lot size:
    0.90 Acres

    Property Features for 202 11Th Street Sw Plz SW

    General Information

    Size
    5,438 SF
    Lot size
    0.90 Acres

    Source: Cushman & Wakefield Agent John Viggers, CCIM, CPM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant with Playground and Office

    This 5,438 square-foot property includes a 3,232 square-foot, one-story fast-food restaurant constructed with brick on block. The restaurant equipment is included. Additionally, the property features a 1,056 square-foot playground built in 1998 and a 1,150 square-foot office space. The parking area is asphalt and provides 57 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abelardos Mexican Food Restaurant Abelardo's Mexican Fresh Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Clay
    State
    Iowa
    Longitude
    -95.147232
    Latitude
    43.125819

    Nearby Similar for Sale

    • $350,000
      9,644 SF

      Former Truck Shop with Extras

      Versatile commercial building with included equipment and additional lot.
      906 E Milwaukee St, Spencer, IA 51301
      View Details
    • $125,000
      2,050 SF

      Spencer Duplex: Investor Opportunity

      Two-unit property in Spencer, Iowa, offering stable income potential.
      19 E 2Nd St, Spencer, IA 51301
      View Details
    • $214,900

      Light-Filled Home with Large Backyard

      Two-bedroom home featuring ample storage and a spacious backyard.
      1613 11Th Ave W, Spencer, IA 51301
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 5,438 SF property featuring restaurant, playground, and office spaces.
    Where is this drive through restaurant located?
    The property is located at 202 11Th Street Sw Plz SW Spencer, IA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - 57 Parking Spaces available; - Restaurant Equipment Included for a turn-key operation; - 3,232 SF Fast-Food Building
    (515) 778-2605
    Request Owner's contact information
    202 11Th Street Sw Plz SW Spencer, IA 51301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    202 11Th Street Sw Plz SW
    Spencer, IA 51301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    202 11Th Street Sw Plz SW Spencer, IA 51301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.