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    1513 Highway 169 N Algona, IA 50511

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    For Lease
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    2,636 SF former restaurant space available for sublease.

    Property size:
    2,636 SF
    Lot size:
    0.75 Acres

    Property Features for 1513 Highway 169 N

    General Information

    Size
    2,636 SF
    Lot size
    0.75 Acres

    Source: CBRE Agent Michael A Smith

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

    Overview

    Former Restaurant with Drive-Thru

    Located in the northwest portion of Algona’s east-west commercial corridor, this former KFC/Long John Silvers restaurant is available for sublease. The property is situated at the southwest corner of US Highways 169 (N. Jones Street) and 18 (220th Street). Nearby businesses include Hy-Vee, Dollar General, Bomgaars, McDonalds, Cenex, Subway, and Pizza Ranch. Algona is approximately 45 to 55 miles west of Clear Lake and Mason City on Highway 18, a frequently traveled route to Okoboji/Spirit Lake. The available space is 2,636 square feet on a 0.75-acre lot. The primary lease expires in 2037. Constructed in 1993 and remodeled in 2010, the retail building features a drive-thru and ample parking with approximately 45 to 50 stalls. It offers good stacking for the drive-thru and is immediately adjacent to Bomgaars, Centex, and an auto dealer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Algona
    County
    Kossuth
    State
    Iowa
    Longitude
    -94.23782
    Latitude
    43.0824565

    Nearby Similar for Lease

    • $8 SF/Yr
      5,600 SF

      Algona Plaza Retail Space Available

      Prime Kossuth County retail space, multiple units.
      1500 Us-169, Algona, IA 50511
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 2,636 SF former restaurant space available for sublease.
    Where is this drive through restaurant located?
    The property is located at 1513 Highway 169 N Algona, IA.
    What are key features of this property?
    This property features: - High-traffic location at the corner of US Highways 169 and 18 in Algona's commercial corridor.; - Existing retail building with drive-thru and ample parking.; - Sublease available with primary lease expiring in 2037.
    (515) 975-1112
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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

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    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
    1513 Highway 169 N Algona, IA 50511
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