Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Frontage Commercial Lot Title is generated by Realmo AI

    1909 18Th Street, Spirit Lake, IA 51360

    View on Map
    Claim this Listing
    For Sale
    $375,000

    COMMERCIAL - Spirit Lake, IA

    Lot size:
    0.69 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    268
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for 1909 18Th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Driveway-Concrete, Driveway-Shared
    Standard status
    Active
    APN
    0705252003
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SPIRIT LAKE AUD PLAT 108LOT 27
    Tax Annual Amount
    6756

    We can help!

    Listing Contact
    Doug Small

    Listing agent Doug Small License #S70351

    Listing office Hinn Real Estate 2916 Hwy 71 S PO Box 449, Spirit Lake, IA

    Listing date Sep 8, 2025

    MLS# 251157 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.

    HighLights

    • High‑visibility location on heavily traveled Hwy 71 & 9.
    • Approximately 100 feet of highway frontage.
    • Paved access directly from the highway.
    • Significant portion of the property is already paved.
    • 0.69‑acre parcel suitable for a wide range of business ventures.
    • Affordable opportunity for commercial development.

    Overview

    This commercial lot is located in Spirit Lake, Iowa. The 0.69-acre parcel has approximately 100 feet of frontage on Highway 71 & 9. The lot offers paved access directly from the highway, and a portion of the property is paved. An easement is in place along the east 15 feet of the lot, allowing access to the buildings located at the rear of the property. The property is positioned for a range of business ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spirit Lake
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.1205046
    Latitude
    43.4218956

    Nearby Similar for Sale

    • $895,000

      Landmark Retail Building with Drive-Thru

      High-visibility building on Highway 71 with an adaptable interior ready for restaurant, drive-thru coffee, or retail concepts.
      3307 Hwy 71, Spirit Lake, IA 51360
      View Details
    • $675,000

      Spirit Lake Commercial Opportunity

      High-visibility commercial property with drive-thru in Spirit Lake, Iowa.
      2209 Circle Dr, Spirit Lake, IA 51360
      View Details
    • $1,795,000

      36-Room Travelodge in Spirit Lake

      Spirit Lake Travelodge with income potential and expansion opportunity.
      1905 18th Street, Spirit Lake, IA 51360
      View Details
    • $1,990,000
      3,848 SF

      Contemporary Duplex on Spirit Lake

      New construction duplex designed for comfortable lake living.
      16822 255th Street, Spirit Lake, IA 51360
      View Details
    • $1,990,000
      3,834 SF

      Contemporary Duplex on Spirit Lake

      New construction duplex designed for comfortable lake living.
      16822 255th Street, Spirit Lake, IA 51360
      View Details
    • $749,000

      Spirit Lake Commercial Land Opportunity

      Corner lot with high traffic and visibility in Spirit Lake.
      2045 Hwy 9, Spirit Lake, IA 51360
      View Details
    • $775,000

      Spirit Lake Residential Lot

      Residential lot with utilities ready for dream lake home.
      16876 255th Avenue, Spirit Lake, IA 51360
      View Details
    • $349,000
      6,120 SF

      Massive Office Building with Storage

      6,120 sq ft office building with storage for sale.
      3524 Highway 71 S, Spirit Lake, IA 51360
      View Details
    • $1,500,000

      Spirit Lake Storage Facility Investment

      Large-scale storage space with immediate cash flow potential.
      18 Th Street, Spirit Lake, IA 51360
      View Details
    • Contact for pricing
      880 SF

      Drive-Thru Equipped Commercial Space

      Functional commercial space with drive-thru in a high-traffic location.
      604 18th St, Spirit Lake, IA 51360
      View Details
    • $425,000
      2,439 SF

      Spirit Lake Duplex with Pond

      Near-new duplex with pond view, close to amenities.
      1940 35th Street, Spirit Lake, IA 51360
      View Details
    • $900,000

      Spirit Lake Eight-Unit Apartment Building

      Eight-unit apartment building in downtown Spirit Lake, Iowa.
      1501 Hill Ave, Spirit Lake, IA 51360
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial lot on heavily traveled highway.
    Where is this commercial land located?
    The property is located at 1909 18Th Street Spirit Lake, IA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: High‑visibility location on heavily traveled Hwy 71 & 9.; Approximately 100 feet of highway frontage.; Paved access directly from the highway.
    (712) 260-4776
    We can help!
    Listing Contact
    Doug Small
    Real Estate License ID: S70351
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1909 18Th Street, Spirit Lake, IA 51360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!