Drive-Through Restaurant
For Sale
$650,000
2209 Circle Drive, Spirit Lake, IA 51360
COMMERCIAL, Spirit Lake, IA
Property SizeContact for details
Lot Size1.40 Acres
Days on Market48
Property Features for 2209 Circle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Directions
Across the highway from Walmart
Subdivision
Dickinson
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
Legal Description
LOT 5 AUD PLAT 125
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 Agency:
Jensen Real Estate
(712) 332-8081
Listed By:
Michael Jensen · License #7586
(712) 320-7245
Added: Aug 9
Changed: Aug 19
Last Checked: Sep 25 at 1:06PM
MLS# 260985
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.
This 1979 restaurant property includes a drive-through, commercial hood, walk-in cooler, walk-in freezer, and a large paved parking area. The building has wood siding, a flat roof, forced-air heat, central air, public water, and public sewer. Recent work includes roof and furnace replacement. Existing equipment may be included, subject to agreement.
The 1.4-acre site is positioned at the intersection of Highways 71 and 9 in Spirit Lake, with more than 5,000 vehicles passing daily. It sits between Subway and Super 8 and is available for sale or lease, with an NNN structure and a minimum five-year lease term stated in the offering.
The 1.4-acre site is positioned at the intersection of Highways 71 and 9 in Spirit Lake, with more than 5,000 vehicles passing daily. It sits between Subway and Super 8 and is available for sale or lease, with an NNN structure and a minimum five-year lease term stated in the offering.
Key Highlights
- 1.4‑acre restaurant property at the corner of Highways 71 and 9
- More than 5,000 vehicles pass the site each day
- Drive‑through with commercial hood, walk‑in cooler, and walk‑in freezer
Property Analytics
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Current Use
Lease Details
5,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 18%
Shops & Services 17%
Home Improvements & Furnishings 14%
Walmart
Superstores
49,297 visits/mo
0.3 miles
Bomgaars
Home Improvements & Furnishings
14,889 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,246 visits/mo
0.5 miles
Taco John's
Dining
7,913 visits/mo
0.1 miles
Pizza Ranch
Dining
6,813 visits/mo
0.2 miles
Demographics for 51360, IA
8,553
Population
6,638
Households
1.3
Avg Household Size
49
Median Age
35%
College-Educated
97%
High-School Grad
105.2 sq mi
ZIP Area
81
Density / Sq Mi
$77,464
Median Household Income
$41,043
Median Earnings
$1,005
Median Rent
$256,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former restaurant facility with commercial kitchen infrastructure, customer parking, and recent roof and furnace upgrades.
Where is this drive through restaurant located?
The property is located at 2209 Circle Drive 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: 1.4‑acre restaurant property at the corner of Highways 71 and 9; More than 5,000 vehicles pass the site each day; Drive‑through with commercial hood, walk‑in cooler, and walk‑in freezer
