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Drive-Through Restaurant with Commercial Kitchen

2209 Circle Dr Spirit Lake, IA 51360

Claim this Listing
For Sale
$650,000

COMMERCIAL - Spirit Lake, IA

Lot size:
1.40 Acres
Added:
Jan 15, 2026
Days on Market:
177
Last Refresh:
Jul 11 at 3:06 pm

Property Features for 2209 Circle Dr

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Standard status
Active
APN
07-05-326-059
Lot size
1.40 Acres

Taxes and HOA fees

Tax Year
2023
Tax Description
LOT 5 AUD PLAT 125
Tax Annual Amount
13022

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1979
Building materials
Wood Siding
Roof type
Flat

Listing agent Michael Jensen License #B58673

Listing office Jensen Real Estate PO Box 721, Arnolds Park, IA

Listing date Jan 15, 2026

MLS# 251627

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.


Investment Insights

Based on property information with market context.

A move-in ready drive-through restaurant built for foodservice operations, offered for sale or lease. The property includes a drive-thru, commercial hood, walk-in cooler and freezer, and the on-site equipment can be included if desired. The building sits on level ground and is complemented by a large paved parking lot designed for customer use. Recent improvements include a new roof and furnace, supporting an operator’s ability to take over with minimal delay.

The site is positioned on a corner location at the intersection of Highways 71 and 9, with the provided traffic note of over 5,000 vehicles passing by each day. It is situated between a Subway and a Super 8, helping place the restaurant within an established commercial corridor and offering straightforward access for passing motorists.

For tenants and buyers seeking a turn-key restaurant with core cooking and refrigeration infrastructure already in place, this configuration can reduce initial buildout. The drive-thru and paved parking support high-volume customer flow, while the commercial hood and walk-in cooler/freezer provide practical, immediately relevant improvements for a restaurant concept. If leasing, the listing notes a minimum five-year term and NNN structure.

Key Highlights

  • 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, and large paved parking lot

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Parking Lot & Garage Garden Center Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Catering Service Daycare Center (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Drive through restaurant - Move-in ready drive-thru restaurant with commercial hood, cooler/freezer, and large paved parking.
Where is this drive through restaurant located?
The property is located at 2209 Circle Dr Spirit Lake, IA.
What is the asking price?
The asking price for this property is $650,000.
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, and large paved parking lot
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